| Reasons of increase (decrease) for the quarter compared with same quarter last year |
Decrease in Fees and commission income by 30% (due to decrease in commission and surplus from Reinsurers) and increase in net claims incurred by 25%. This is despite the marginal increase in NWP by 0.78%, increase in investment income by 9.2%, decrease in policy acquisition costs by 25.4% and decrease in surrenders & maturities by 50.8%. |
| Reasons of increase (decrease) for the quarter compared with the previous quarter |
Decrease in NWP by 14.7%, decrease in investment income by 20.7% and a marginal increase in G&A by 2%. This is despite the increase in Fees and commission income by 25.6% (due to increase in commission and surplus from Reinsurers), decrease in surrenders & maturities by 38.8%, decrease in policy acquisition costs by 24.7% and decrease in net claims incurred by 9.8%. |
| Reclassifications in quarterly financial results |
Certain of the prior period amounts have been reclassified to conform with the presentation in the current period. These changes were made for better presentation of balances and transactions in the interim condensed financial statements of the Company. |
| Other notes |
The total Policyholders comprehensive income during Q1 2017 is 63 thousand comparing with 759 thousands same quarter previous year with a decrease of 77.2% and 16 thousands previous quarter with a decrease of 293.8%. The total Shareholders comprehensive income during Q1 2017 is 759 thousands comparing with 2,247 thousands same quarter previous year with a decrease of 66.2% and 1,143 previous quarter with a decrease of 33.6%. The total shareholder's equity (no minority interest) for the current period is SAR 361,960 thousand, compared to SAR 357,317 thousand for the same period of prevouis year with an increase of 1.3%. Earnings Per share was calculated before Zakat and Income Tax. |
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