Amana Cooperative Insurance Co. announces its interim Financial results for the period ending on 2019-06-30 ( Six Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Gross Written Premiums (GWP) | 50,151 | 34,750 | 44.319 | 96,751 | -48.164 |
| Net Written Premiums (NWP) | 43,705 | 21,298 | 105.207 | 93,100 | -53.055 |
| Net Incurred Claims | 33,053 | 4,012 | 723.853 | 31,920 | 3.549 |
| Net Profit (Loss) of Policy Holders Investment | 46 | - | - | 31 | 48.387 |
| Profit (Loss) Insurance Operations Minus Policy Holders Investments Revenues (Operations Results) | -4,910 | -71 | 6,815.492 | -21,953 | -77.634 |
| Net Profit (loss) of Shareholders Capital Investment | 2,079 | 864 | 140.625 | 1,577 | 31.832 |
| Net Profit (Loss) before Zakat | -4,320 | -290 | 1,389.655 | -20,781 | -79.211 |
| Total Comprehensive Income | -3,878 | -1,178 | 229.202 | -20,641 | -81.212 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Gross Written Premiums (GWP) | 146,902 | 70,789 | 107.52 |
| Net Written Premiums (NWP) | 136,805 | 42,722 | 220.221 |
| Net Incurred Claims | 64,973 | 7,765 | 736.741 |
| Net Profit (Loss) of Policy Holders Investment | 77 | - | - |
| Profit (Loss) Insurance Operations Minus Policy Holders Investments Revenues (Operations Results) | -26,863 | -7,521 | 257.173 |
| Net Profit (loss) of Shareholders Capital Investment | 3,664 | 1,759 | 108.3 |
| Net Profit (Loss) before Zakat | -25,101 | -7,201 | 248.576 |
| Total Comprehensive Income | -24,614 | -7,416 | 231.903 |
| Total Share Holders Equity (after Deducting Minority Equity) | 170,931 | 95,545 | 78.901 |
| Profit (Loss) per Share | -1.13 | -0.43 | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
| Accumulated Losses | Capital | Percentage % | |
|---|---|---|---|
| 65,448 | 240,000 | 27.27 | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| Increase (Decrease) in Net Profit for Current Quarter Compared to the Same Quarter of the Previous Year is Attributed to | No English translation, kindly refer to the Arabic version |
| Increase (Decrease) in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed to | No English translation, kindly refer to the Arabic version |
| Increase (Decrease) in Net Profit for Current Period Compared to the Same Period of the Previous Year is Attributed to | No English translation, kindly refer to the Arabic version |
| Basis of the External Auditor's Opinion | Unmodified opinion |
| Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion | No English translation, kindly refer to the Arabic version |
| Reclassification of Comparison Items | No English translation, kindly refer to the Arabic version |
| Additional Information | No English translation, kindly refer to the Arabic version |
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