This figure excludes investment by resident foreigners and citizens of neighbouring Gulf states.

Analysts use operating earnings to measure performance because it excludes investment gains or losses.

Operating income, which excludes investment gains and losses, was $1.69 per share.

On an operating basis -which typically excludes investment gains and losses -the company earned 57 cents a share.

The lower deficit, which excludes investment gains and losses, is due to a higher-than-expected tax take, and lower government spending.

Operating profit, the measure commonly used by insurance analysts as it typically excludes investment losses and gains, was 83 cents a share.

Operating profit -the key measure for insurance analysts as it excludes investment losses and gains -was 47 cents a share.

Operating profit, the favourite measure of profitability for insurance analysts as it excludes investment gains and losses, stood at $1 a share.

Operating loss -a key measure with insurance companies that excludes investment gains and losses -was $5.11 per share.

The insurer raised its outlook for full year 2008 operating earnings, which excludes investment results, to $2.37 to $2.42 a share.

Operating profit -a key measure for insurance analysts as it excludes investment losses and gains -was $2.01 a share.

Operating profit, which excludes investment and derivative gains and losses, rose 49 percent to $5.29 billion from $3.56 billion a year earlier.

Adjusted operating income, which excludes investment results and other items, was $1.51 a share, compared with $1.87 a share a year earlier.

Operating income -a measure of profitability that excludes investment losses and gains -was $53.6 million, or 94 cents a share.

Operating profit, the favorite measure of profitability for insurance analysts as it excludes investment gains and losses, stood at $1.52 a share.

Operating income, which excludes investment gains or losses and a measure commonly used by analysts, rose to $487 million, or $1.01 a share.