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The Mediterranean and Gulf Insurance and Reinsurance Co. announces its interim Financial results for the period ending on 2018-09-30 ( Nine Months )

MEDGULF 8030 -0.15% 13.30 -0.02

Element List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change
Gross written premiums (GWP) 836,282 513,177 62.961 277,863 200.969
Net written premiums (NWP) 738,050 425,589 73.418 244,774 201.523
Net incurred claims 375,512 460,844 -18.516 366,768 2.384
Net profit (loss) of policy holders investment 1,849 1,827 1.204 2,217 -16.599
Profit (Loss) Insurance Operations minus policy holders investments from operations -86,690 55,784 - -12,576 589.328
Net profit (loss) of shareholders capital investment 6,150 3,609 70.407 3,810 61.417
Net Profit (Loss) before Zakat -79,793 60,122 - -8,634 824.171
Total Comprehensive Income -85,568 60,467 - -8,983 852.554
All figures are in (Thousands) Saudi Arabia, Riyals
Element List Current Period Similar period for previous year %Change
Gross written premiums (GWP) 1,527,761 2,166,222 -29.473
Net written premiums (NWP) 1,331,573 1,815,136 -26.64
Net incurred claims 1,184,650 1,566,299 -24.366
Net profit (loss) of policy holders investment 7,219 8,164 -11.575
Profit (Loss) Insurance Operations minus policy holders investments from operations -125,333 -461,108 -72.819
Net profit (loss) of shareholders capital investment 10,571 6,755 56.491
Net Profit (Loss) before Zakat -111,703 -450,167 -75.186
Total Comprehensive Income -117,639 -450,182 -73.868
Total Share Holders Equity (after deducting minority equity) 376,093 464,474 -19.028
Profit (Loss) per Share -2.79 -11.25
All figures are in (Thousands) Saudi Arabia, Riyals
Accumulated Losses Capital Percentage %
-169,513 400,000 42.38
Element List Explanation
Reason for increase (decrease) in net profit for current quarter compared to the same quarter of the previous year No English translation, kindly refer to the Arabic version
Reason for increase (decrease) in net profit for current quarter compared to the previous quarter No English translation, kindly refer to the Arabic version
Reason for increase (decrease) in net profit for current period compared to the previous year similar period No English translation, kindly refer to the Arabic version
Type of the external auditor's opinion Qualified opinion
External auditor's report containing reservation No English translation, kindly refer to the Arabic version
Reclassifications in quarter financial result No English translation, kindly refer to the Arabic version
Additional Information No English translation, kindly refer to the Arabic version

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