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Arabia Insurance Cooperative Co. announces its interim Financial results for the period ending on 2019-03-31 ( Three Months )

AICC 8160 2.35% 17.40 0.40
Element List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change
Gross written premiums (GWP) 91,733 116,863 -21.503 60,451 51.747
Net written premiums (NWP) 70,716 84,936 -16.742 33,507 111.048
Net incurred claims 48,653 32,663 48.954 40,051 21.477
Net profit (loss) of policy holders investment 372 442 -15.837 330 12.727
Profit (Loss) Insurance Operations minus policy holders investments from operations -5,296 1,992 - -1,911 177.132
Net profit (loss) of shareholders capital investment -71 1,766 - -525 -86.476
Net Profit (Loss) before Zakat -5,199 3,826 - -2,864 81.529
Total Comprehensive Income -2,209 2,959 - -1,175 88
All figures are in (Thousands) Saudi Arabia, Riyals
Element List Current Period Similar period for previous year %Change
Total Share Holders Equity (after deducting minority equity) 247,395 256,695 -3.622
Profit (Loss) per Share -0.2 0.14
All figures are in (Thousands) Saudi Arabia, Riyals
Accumulated Losses Capital Percentage %
14,270 265,000 5.4
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 recognition of net loss during the three months period compared to net profit of the corresponding period of the previous year is due to the increase in net claims incurred and decrease in reinsurance commissions earned.
Reason for increase (decrease) in net profit for current quarter compared to the previous quarter The reason behind the increase in net loss during the three months period compared to net loss of the previous quarter is due to the increase in net claims incurred.
Type of the external auditor's opinion Unmodified opinion
Reclassifications in quarter financial result Certain reclassifications were made in comparative numbers to conform to the current period.

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