Amana Cooperative Insurance Co. announces its Interim Financial Results for the Period Ending on 2020-06-30 ( Six Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Gross Written Premiums (GWP) | 65,491 | 50,151 | 30.587 | 103,397 | -36.66 |
| Net Written Premiums (NWP) | 55,048 | 43,705 | 25.953 | 97,591 | -43.593 |
| Net Incurred Claims | 34,463 | 33,053 | 4.265 | 40,709 | -15.343 |
| Net Profit (Loss) of Policy Holders Investment | - | 46 | -100 | - | - |
| Profit (Loss) Insurance Operations Minus Policy Holders Investments Revenues (Operations Results) | 3,430 | -4,910 | - | 1,187 | 188.963 |
| Net Profit (loss) of Shareholders Capital Investment | 1,537 | 2,079 | -26.07 | 1,758 | -12.571 |
| Net Profit (Loss) before Zakat | 4,604 | -4,320 | - | 2,467 | 86.623 |
| Total Comprehensive Income | 4,495 | -3,878 | - | 170 | 2,544.117 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Gross Written Premiums (GWP) | 168,888 | 146,902 | 14.966 |
| Net Written Premiums (NWP) | 152,639 | 136,805 | 11.574 |
| Net Incurred Claims | 75,171 | 64,973 | 15.695 |
| Net Profit (Loss) of Policy Holders Investment | - | 77 | -100 |
| Profit (Loss) Insurance Operations Minus Policy Holders Investments Revenues (Operations Results) | 4,612 | -26,863 | - |
| Net Profit (loss) of Shareholders Capital Investment | 3,295 | 3,664 | -10.07 |
| Net Profit (Loss) before Zakat | 7,185 | -25,101 | - |
| Total Comprehensive Income | 4,234 | -24,614 | - |
| Total Share Holders Equity (after Deducting Minority Equity) | 161,628 | 170,931 | -5.442 |
| Profit (Loss) per Share | 0.27 | -1.16 | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
| Accumulated Losses | Capital | Percentage % | |
|---|---|---|---|
| 79,798 | 24,000 | 33.25 | |
| 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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