Al-Ahlia Insurance Co. announces its interim Financial results for the period ending on 2019-03-31 ( Three Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Gross written premiums (GWP) | 41,733 | 34,279 | 21.745 | 43,209 | -3.415 |
| Net written premiums (NWP) | 37,238 | 30,183 | 23.374 | 38,182 | -2.472 |
| Net incurred claims | 30,392 | 28,556 | 6.429 | 31,522 | -3.584 |
| Net profit (loss) of policy holders investment | 431 | 467 | -7.708 | 566 | -23.851 |
| Profit (Loss) Insurance Operations minus policy holders investments from operations | -1,934 | -1,179 | 64.037 | -2,901 | -33.333 |
| Net profit (loss) of shareholders capital investment | 2,646 | 6,420 | -58.785 | 2,955 | -10.456 |
| Net Profit (Loss) before Zakat | -50 | 7,245 | - | 177 | - |
| Total Comprehensive Income | -146 | 4,072 | - | -29 | 403.448 |
| 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) | 122,127 | 116,506 | 4.824 |
| Profit (Loss) per Share | -0.003 | 0.45 | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
| Accumulated Losses | Capital | Percentage % | |
|---|---|---|---|
| 37,873 | 160,000 | 23.67 |
| Element List | Explanation |
|---|---|
| Reason for increase (decrease) in net profit for current quarter compared to the same quarter of the previous year | The reason for Net loses is due to increase in Net incurred claims, decrease in profit for Shareholders Investments, and increase in Doubtful Debt expense. |
| Reason for increase (decrease) in net profit for current quarter compared to the previous quarter | The reason for Net Loses is due to increase in Doubtful Debt expense. |
| Type of the external auditor's opinion | Unmodified opinion |
| Reclassifications in quarter financial result | The previous period numbers had been reclassification to match the current view. |
| Additional Information | 1. Profit (Loss) per share calculated before Zakat and income tax.
2. Profit (Loss) per share is calculated for the current period and for the same period of last year on 16,000,000 shares. |
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