Allianz Saudi Fransi Cooperative Insurance Company announced earnings results for the year ended December 31, 2017. For the year, the company reported net profit before zakat of SAR 34,918,000 or SAR 1.75 per share against SAR 24,430,000 or SAR 1.22 per share a year ago. Gross written premiums were SAR 925,537,000 against SAR 836,272,000 a year ago. Net written premiums were SAR 650,851,000 against SAR 558,441,000 a year ago. Net profit of policy holder’s investment was SAR 16,572,000 against SAR 14,597,000 a year ago. Net profit of shareholders capital investment was SAR 5,641,000 against SAR 3,694,000 a year ago. The increase in net profit before Zakat is mainly driven by the company focus on profitable growth, which is demonstrated in an increase of SAR 138.2 million compared to an increase of SAR 122.3 million in incurred claims. This profitable growth was mainly driven by the motor business where gross written premiums increased by 43.2%, and operating results increased by 133.5%. The excellent performance in other general lines also contributed in the presented results and was demonstrated in the increase of 47% in commission earned from the reinsurers. Also the results were influence by a higher return on investments and lower expenses in shareholders activities.