the quarter compared with the

same quarter of the previous year

is due to higher net claims incurred,

and higher general and

administration expenses. This

decrease in the profit is partly offset

by higher net premium earned,

lower policy acquisition costs, lower

allowance for doubtful debts, higher

investment income and higher

reinsurance commission income

quarter compared with the previous

quarter is due to higher net

premium earned, higher

reinsurance commission income,

higher investment income, lower

general and administration

expenses and lower allowance for

doubtful debts. This increase in the

profit is partly offset by higher net

claims incurred and higher policy

acquisition costs

the period compared with the same

period of the previous year is due to

higher net claims incurred, lower

net premium earned, lower

reinsurance commission income and

higher general and administration

expenses. This decrease in the

profit is partly offset by lower policy

acquisition costs, lower allowance

for doubtful debts and higher

investment income

Statement of Comprehensive

Income, and Statement of Cash

Flow are prepared on a consolidated

basis and the split of these

statements for insurance

operations' and shareholders'

operations are provided in notes.

Furthermore, Certain comparative

figures have been reclassified to

conform to the presentation of the

current period

(there is no minority equity) for the

current period reached SAR

383,087 thousands compared to

SAR 356,261 thousands for the

same period last year reflecting an

increase of 7.53%. The net

comprehensive income for the

current period is SAR 23,802

thousands compared to SAR 32,458

thousands for the same period last

year with a decrease of 26.67%.

The net comprehensive income for

the current quarter is SAR 8,010

thousands compared to SAR 8,695

thousands for the same quarter last

year with a decrease of 7.88% and

SAR 5,669 thousands for the

previous quarter (reflecting an

increase of 41.29%). Total

accumulated losses at the end of

current period are SAR 15,262

thousands (3.82 % of share capital)

compared to accumulated losses of

SAR 43,041 thousands (10.76 % of

capital) for the same period last

year reflecting a decrease of 6.94

percentage points. The External

Auditor reviewed the financial

statements and issued an

.unmodified review report