Earnings per share increased to SAR 0.33 in the first half (H1) of 2021 from SAR 0.14 in H1-20, according to a bourse disclosure on Monday.
Net written premiums soared by 52% to SAR 868.59 million in H1-21 from SAR 571.25 million in H1-20. Net incurred claims also jumped by 58% to SAR 253.36 million from SAR 159.72 million.
As for the second quarter (Q2) of 2021, Saudi Re registered an 87% growth in net profits to SAR 16.89 million from SAR 9.02 million in Q2-20. On a quarterly basis, the net profits were 13.7% lower than SAR 19.58 million in Q1-21.
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