The Company for Cooperative Insurance announces the interim financial results for the period ending on 30-09-2014 (Nine Months)
| Element | Current quarter | Similar quarter for previous year | % Change Current | Previous quarter | % Change Previous |
|---|---|---|---|---|---|
| Net profit (loss) before Zakat | 209,789 | 23,083 | 808.85 | 193,164 | 8.61 |
| Surplus (deficit) of insurance transactions less returns of policy holders investment (operating transactions results) | 174,913 | 1,967 | 8,792.37 | 72,674 | 140.68 |
| Gross written premiums (GWP) | 1,373,436 | 1,317,543 | 4.24 | 1,478,443 | -7.1 |
| Net written premiums (NWP) | 1,163,229 | 1,062,529 | 9.48 | 1,129,429 | 2.99 |
| Net incurred claims | 898,446 | 1,003,677 | -10.48 | 975,865 | -7.93 |
| Net profit (loss) of policy holders investment | 16,020 | 9,561 | 67.56 | 19,841 | -19.26 |
| Net profit (loss) of shareholders capital investment | 37,949 | 11,570 | 227.99 | 110,103 | -65.53 |
| Element | Current period | similar period for previous year | % Change |
|---|---|---|---|
| Net profit (loss) before Zakat | 442,631 | -30,784 | - |
| Surplus (deficit) of insurance transactions less returns of policy holders investment (operating transactions results) | 268,245 | -169,509 | - |
| Gross written premiums (GWP) | 4,345,581 | 4,050,512 | 7.28 |
| Net written premiums (NWP) | 3,550,440 | 3,243,400 | 9.47 |
| Net incurred claims | 2,860,774 | 3,280,081 | -12.78 |
| Net profit (loss) of policy holders investment | 42,864 | 59,113 | -27.49 |
| Net profit (loss) of shareholders capital investment | 162,835 | 79,751 | 104.18 |
| Earning or loss per share, Riyals | 4.11 | -0.57 | - |
| All figures are in (Thousands) Saudi Arabia, Riyals |
|---|
| Element | Explaination |
|---|---|
| Reasons of increase (decrease) for the quarter compared with same quarter last year | No translation , See arabic version |
| Reasons of increase (decrease) for the period compared with same period last year | No translation , See arabic version |
| Reasons of increase (decrease) for the quarter compared with the previous quarter | No translation , See arabic version |
| External auditor's report containing reservation | No translation , See arabic version |
| Other notes | No translation , See arabic version |
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