Gulf General Cooperative Insurance Co. announces the annual financial results for the period ending on 31-12-2016

12 March 2017 08:37 AM

GULF GENERAL 8260 0.28% 7.20 0.02

Element	Current year	Previous year	% Change
Net profit (loss) before Zakat	24,908	-27,396	-
Earning or loss per share, Riyals	0.97	-1.6	-
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	-
Pre operating expenses (first operation year)	-	-	-
All figures are in (Thousands) Saudi Arabia, Riyals

Element	EXPLAINATION
Reasons of annual financial results	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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