Gulf General Cooperative Insurance Co. announces the interim financial results for the period ending on 31-12-2016 (Twelve Months)
| Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
|---|---|---|---|---|---|
| Net profit (loss) before Zakat | 10,223 | -17,505 | - | 6,957 | 46.95 |
| Surplus (deficit) of insurance transactions less returns of policy holders investment (operating transactions results) | 4,959 | -18,022 | - | 9,970 | -50.26 |
| Gross written premiums (GWP) | 40,079 | 58,130 | -31.05 | 36,518 | 9.75 |
| Net written premiums (NWP) | 20,834 | 29,252 | -28.78 | 16,594 | 25.55 |
| Net incurred claims | 26,046 | 60,730 | -57.11 | 16,323 | 59.57 |
| Net profit (loss) of policy holders investment | 904 | 270 | 234.81 | 914 | -1.09 |
| Net profit (loss) of shareholders capital investment | 6,125 | -479 | - | -2,208 | - |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element | Current period | Similar period for previous year | % Change |
|---|---|---|---|
| Net profit (loss) before Zakat | 24,908 | -27,396 | - |
| Surplus (deficit) of insurance transactions less returns of policy holders investment (operating transactions results) | 22,948 | -25,402 | - |
| Gross written premiums (GWP) | 255,152 | 351,946 | -27.5 |
| Net written premiums (NWP) | 132,462 | 171,271 | -22.66 |
| Net incurred claims | 84,835 | 143,868 | -41.03 |
| Net profit (loss) of policy holders investment | 3,318 | 970 | 242.06 |
| Net profit (loss) of shareholders capital investment | 4,327 | -2,077 | - |
| Earning or loss per share, Riyals | 0.97 | -1.6 | - |
| 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 |
| Reclassifications in quarterly financial results | No translation see Arabic Version |
| Other notes | No translation see Arabic Version |
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