Profit (Loss) Insurance Operations minus policy holders investments from operations
333
3,467
-90.395
-312
-
Net profit (loss) of shareholders capital investment
669
685
-2.335
1,481
-54.827
Net Profit (Loss) before Zakat
1,147
3,867
-70.338
1,310
-12.442
Total Comprehensive Income
-1,226
4,665
-
1,184
-
All figures are in (Thousands) Saudi Arabia, Riyals
Element List
Current Period
Similar period for previous year
%Change
Gross written premiums (GWP)
290,336
239,879
21.034
Net written premiums (NWP)
205,322
159,963
28.355
Net incurred claims
100,874
109,583
-7.947
Net profit (loss) of policy holders investment
1,341
1,190
12.689
Profit (Loss) Insurance Operations minus policy holders investments from operations
2,013
12,661
-84.1
Net profit (loss) of shareholders capital investment
3,916
2,244
74.509
Net Profit (Loss) before Zakat
6,283
12,670
-50.41
Total Comprehensive Income
2,918
14,401
-79.737
Total Share Holders Equity (after deducting minority equity)
253,021
253,887
-0.341
Profit (Loss) per Share
0.24
0.48
All figures are in (Thousands) Saudi Arabia, Riyals
Accumulated Losses
Capital
Percentage %
3,965
26,500
1.5
Element List
Explanation
Reason for increase (decrease) in net profit for current quarter compared to the same quarter of the previous year
The reason behind the decrease in net profit during the three months period compared to net profit of the corresponding period of the previous year is due to the increase in allowance for doubtful debts.
Reason for increase (decrease) in net profit for current quarter compared to the previous quarter
The reason behind the decrease in net profit during the three months period compared to net profit of the previous quarter is due to the increase in allowance for doubtful debts and decrease in reinsurance commissions earned.
Reason for increase (decrease) in net profit for current period compared to the previous year similar period
The reason behind the decrease in net profit during the current period compared to net profit of the corresponding period of the previous year is due to the increase in allowance for doubtful debts.
Type of the external auditor's opinion
Unmodified opinion
External auditor's report containing reservation
External auditors reviewed the financial statements and issued (unmodified report) on the financial statements and mentioned that the financial statements have been prepared in accordance with International Accounting Standard 34 and SAMA guidance on accounting for zakat and tax.
Reclassifications in quarter financial result
Certain reclassifications were made in comparative numbers to conform to the current period.
Comments