The Mediterranean and Gulf Cooperative Insurance and Reinsurance Company reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net income was SAR 39.79 million compared to net loss of SAR 92.04 million a year ago. Basic earnings per share from continuing operations was SAR 0.38 compared to basic loss per share from continuing operations of SAR 0.88 a year ago.
For the nine months, net income was SAR 140.56 million compared to net loss of SAR 173.67 million a year ago. Basic earnings per share from continuing operations was SAR 1.34 compared to basic loss per share from continuing operations of SAR 1.65 a year ago.