Saudi Re for Cooperative Reinsurance Company announced financial results for the second quarter and six months ended June 30, 2017. For the quarter, the company reported net income before Zakat of SAR 13,408,735 against net loss before Zakat of SAR 8,928,891 a year ago. Net written premiums (NWP) were SAR 88,574,033 against SAR 435,229,239 a year ago. Net profit of policy holder’s investment was SAR 1,058,788 against SAR 1,909,503 a year ago. Net profit of shareholders capital investment was SAR 12,491,242 against SAR 13,179,054 a year ago. The reason for the net income is due to decrease in net claims incurred by 84% which had a positive impact on the underwriting results . For the six months, the company reported net income before Zakat of SAR 20,893,321 against net loss before Zakat of SAR 26,629,500 a year ago. Net written premiums (NWP) were SAR 519,389,676 against SAR 863,429,330 a year ago. Net profit of policy holder’s investment was SAR 3,433,239 against SAR 3,337,269 a year ago. Net profit of shareholders capital investment was SAR 26,031,923 against SAR 8,228,218 a year ago. Earnings per share were SAR 0.21 against loss per share of SAR 0.27 a year ago. he reason for 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 75% which had a positive impact on the underwriting results, in addition there was an increase in net policyholders' investments income by 3% and there was an increase in net shareholders' investments income by 216% versus the same period of 2016 .