Saudi Re for Cooperative Reinsurance Company announced earnings results for the fourth quarter and year ended December 31, 2017. For the quarter, the company reported net profit before Zakat of SAR 18,217,676 against SAR 42,383,564 a year ago. Gross written premiums were SAR 62,162,431 against SAR 7,498,416 a year ago. Net written premiums were SAR 28,205,225 against loss of SAR 348,173 a year ago. Net profit of policy holder’s investment was SAR 469,350 against loss of SAR 619,516 a year ago. Net profit of shareholders capital investment was SAR 9,164,574 against SAR 10,798,975 a year ago. The reason for decrease in net income for the quarter is mainly due to increase in net claims incurred by 117 % which had impact on the underwriting results. In addition there was a decrease in net shareholders' investments income by 15% versus the same quarter of 2016. For the year, the company reported net profit before Zakat of SAR 38,887,885 or SAR 0.39 per share against SAR 18,463,824 or SAR 0.19 per share a year ago. Gross written premiums were SAR 942,006,884 against SAR 985,510,354 a year ago. Net written premiums were SAR 636,921,477 against SAR 938,184,306 a year ago. Net profit of policy holder’s investment was SAR 5,397,238 against SAR 4,212,408 a year ago. Net profit of shareholders capital investment was SAR 46,465,168 against SAR 19,964,242 a year ago. The reason for increase the net income for the current period for the year 2017, versus the same period of 2016, was mainly due to decrease in net claims incurred by 54% which had impact on the underwriting results, in addition there was an increase in net policyholders' investments income by 28% and there was an increase in net shareholders' investments income by 133% versus the same period of 2016.