Malath Cooperative Insurance Co. announces its Annual financial results for the period ending on 2018-12-31

14 March 2019 08:32 AM

MALATH INSURANCE 8020 0.33% 18.24 0.06

Element List	Current Year	Previous Year	%Change
Gross written premiums (GWP)	729,076	726,978	0.288
Net written premiums (NWP)	638,850	651,166	-1.891
Net incurred claims	404,985	746,759	-45.767
Net profit (loss) of policy holders investment	9,364	6,950	34.733
Profit (Loss) Insurance Operations minus policy holders investments from operations	4,194	-26,772	-
Net profit (loss) of shareholders capital investment	6,463	-36	-
Net Profit (Loss) before Zakat	15,630	-11,028	-
Total Comprehensive Income	12,625	-11,336	-
Total Share Holders Equity (after deducting minority equity)	454,422	452,023	0.53
Pre operating expenses (first operation year)	-	-	-
Profit (Loss) per Share	0.31	-0.57
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Explanation
Reason for increase (decrease) in net profit for current year compared to last year	No English translation, kindly refer to the Arabic version
Type of the external auditor's opinion	Unmodified opinion
Reclassifications in annual financial results	No English translation, kindly refer to the Arabic version
Additional Information	No English translation, kindly refer to the Arabic version

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