| Element List |
Explanation |
| Reason for increase (decrease) in net profit for current quarter compared to the same quarter of the previous year |
The company reported the reason for net loss for the First quarter of 2019 amounting to 36,169 thousand riyals compared to the net profit of same quarter of last year amounting to 5,465 thousand riyals, the reason for net loss is due to the increase in Net incurred claims by 30,197 thousands riyals and increase the change in underwriting reserves by 27,561 thousands riyals. |
| Reason for increase (decrease) in net profit for current quarter compared to the previous quarter |
The company reported the reason for net loss for the First quarter of 2019 amounting to 36,169 thousand riyals compared to the net profit of previous quarter amounting to 17,839 thousand riyals, the reason for net loss is due to the increase in Net incurred claims by 39,447 thousands riyals, increase the change in underwriting reserves by 27,561 thousands riyals and increase the change in net unearned premium by 48,876 thousands riyals. |
| Type of the external auditor's opinion |
Unmodified opinion |
| Reclassifications in quarter financial result |
non |
| Additional Information |
Total shareholders equity (there are no minority rights) as at 31 March 2019 was 132,673 thousand riyals compared to 170,557 thousand riyals for the same period last year, a decrease of 28%. The Accumulated losses as at the first quarter 2019 are 22,677 thousand riyals which is 15% of the paid up capital compared to the same period last year retained earnings 15,630 thousand riyals, compared to the previous quarter retained earnings 15,178 thousand riyals. The total comprehensive loss for the first quarter 2019 is 35,899 thousand riyals, compared to total comprehensive income 4,926 thousand riyals for the same period last year, a decrease of 829%. compared to total comprehensive income 14,685 thousand riyals for the previous quarter, a decrease of 344% |
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