The Mediterranean and Gulf Cooperative Insurance and Reinsurance Company reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported net income was SAR 36.2 million compared to net loss of SAR 17.21 million a year ago. Basic earnings per share from continuing operations was SAR 0.34 compared to basic loss per share from continuing operations of SAR 0.16 a year ago.