Profit (Loss) Insurance Operations minus policy holders investments from operations
7,589
21,836
-65.245
7,310
3.816
Net profit (loss) of shareholders capital investment
948
796
19.095
799
18.648
Net Profit (Loss) before Zakat
5,827
22,028
-73.547
9,028
-35.456
Total Comprehensive Income
5,827
22,028
-73.547
9,028
-35.456
All figures are in (Thousands) Saudi Arabia, Riyals
Element List
Current Period
Similar period for previous year
%Change
Gross written premiums (GWP)
623,501
588,831
5.887
Net written premiums (NWP)
592,829
560,538
5.76
Net incurred claims
421,685
361,158
16.759
Net profit (loss) of policy holders investment
3,556
5,986
-40.594
Profit (Loss) Insurance Operations minus policy holders investments from operations
18,075
49,443
-63.442
Net profit (loss) of shareholders capital investment
5,865
3,813
53.815
Net Profit (Loss) before Zakat
22,146
52,364
-57.707
Total Comprehensive Income
22,146
52,364
-57.707
Total Share Holders Equity (after deducting minority equity)
270,014
241,790
11.672
Profit (Loss) per Share
0.89
2.09
All figures are in (Thousands) Saudi Arabia, Riyals
Element List
Explanation
Reason for increase (decrease) in net profit for current quarter compared to the same quarter of the previous year
The reason for decrease in net profit in current quarter compared to same quarter previous year is due to increase in net claims incurred by 15%, increase in general and administration expenses by 55% and decrease in investment income from policyholders' operations by 59% partly offset by increase in net earned premium by 5%.
Reason for increase (decrease) in net profit for current quarter compared to the previous quarter
The reason for decrease in net profit in current quarter compared to previous quarter is due to increase in net claims incurred by 5% and increase in general and administration expenses by 14% partly offset by increase in net earned premium by 4%.
Reason for increase (decrease) in net profit for current period compared to the previous year similar period
The reason for decrease in net profit in current period compared to same period previous year is due to increase in net claims incurred by 17% and increase in general and administration expenses by 43% partly offset by increase in net earned premium by 10%.
Type of the external auditor's opinion
Unmodified opinion
Reclassifications in quarter financial result
The comparative figures of previous period have been rearranged / reclassified to match with the current presentation.
Additional Information
1. The retained earnings as at the end of 30/09/2018 is SR 18,281 thousands which is 7% of the paid up capital.
2. The External Auditor reviewed the financial statements and issued an unmodified review report.
Comments