Gulf General Cooperative Insurance Co. announces the interim financial results for the period ending on 31-03-2017 (Three Months)
| Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
|---|---|---|---|---|---|
| Net profit (loss) before Zakat | -324 | -3,899 | 91.69 | 10,223 | - |
| Surplus (deficit) of insurance transactions less returns of policy holders investment (operating transactions results) | -694 | -2,698 | 74.28 | 4,959 | - |
| Gross written premiums (GWP) | 81,691 | 117,567 | -30.52 | 40,079 | 103.82 |
| Net written premiums (NWP) | 39,843 | 61,417 | -35.13 | 20,834 | 91.24 |
| Net incurred claims | 13,847 | 22,882 | -39.49 | 26,046 | -46.84 |
| Net profit (loss) of policy holders investment | 552 | 701 | -21.26 | 904 | -38.94 |
| Net profit (loss) of shareholders capital investment | 345 | -1,449 | - | 6,125 | -94.37 |
| Earning or loss per share, Riyals | -0.02 | -0.19 | - | - | - |
| 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 |
| Reclassifications in quarterly financial results | No translation, see Arabic version |
| Other notes | No translation, see Arabic version |
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