1443/04/03 Mon Nov 8, 2021 08:16:52
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Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
Gross Written Premiums (GWP) | 91,562 | 70,897 | 29.147 | 65,251 | 40.322 |
Net Written Premiums (NWP) | 71,217 | 53,400 | 33.365 | 37,050 | 92.218 |
Net Incurred Claims | 52,651 | 36,439 | 44.49 | 43,340 | 21.483 |
Net Profit (Loss) of Policy Holders Investment | 321 | 300 | 7 | 320 | 0.312 |
Surplus (deficit) of insurance operations minus the revenues of policy holders' investments (operational procedures results) | 2,264 | 4,721 | -52.044 | -878 | - |
Net Profit (loss) of Shareholders Capital Investment | 685 | 999 | -31.431 | 2,388 | -71.314 |
Net Profit (Loss) before Zakat | 1,925 | 5,303 | -63.699 | 1,677 | 14.788 |
Total Comprehensive Income | 1,151 | 4,045 | -71.545 | -829 | - |
All figures are in (Thousands) Saudi Arabia, Riyals |
Element List | Current Period | Similar period for previous year | %Change |
Gross Written Premiums (GWP) | 332,167 | 278,724 | 19.174 |
Net Written Premiums (NWP) | 229,343 | 200,044 | 14.646 |
Net Incurred Claims | 139,175 | 99,942 | 39.255 |
Net Profit (Loss) of Policy Holders Investment | 971 | 865 | 12.254 |
Surplus (deficit) of insurance operations minus the revenues of policy holders' investments (operational procedures results) | 3,030 | 5,748 | -47.286 |
Net Profit (loss) of Shareholders Capital Investment | 3,748 | 4,735 | -20.844 |
Net Profit (Loss) before Zakat | 5,920 | 10,136 | -41.594 |
Total Comprehensive Income | 930 | 5,558 | -83.267 |
Total Share Holders Equity (after Deducting Minority Equity) | 222,696 | 221,465 | 0.555 |
Profit (Loss) per Share | 0.03 | 0.19 | |
All figures are in (Thousands) Saudi Arabia, Riyals |
Accumulated Losses | Capital | Percentage % |
43,106 | 265,000 | 16 |
All figures are in (Thousands) Saudi Arabia, Riyals |
Element List | Explanation |
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | The reason behind the decrease of net profit during the current quarter compared to the same quarter of the previous year is attributed to the increase in net incurred claims. |
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is | The reason behind the increase of net profit during the current quarter compared to the previous quarter is attributed to the decrease in allowance for doubtful debts provision. |
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | The reason behind the decrease of net profit during the current period compared to the corresponding period of the previous year is due to the increase in net incurred claims. |
Statement of the type of external auditor's report | Unmodified opinion |
Reclassification of Comparison Items | Certain reclassifications were made in comparative numbers to conform to the current period. |
Additional Information |
Earning/loss per share calculated after Zakat and income tax.
As such, net profit after Zakat for the current period is SR 873 thousand in comparison to SR 5,136 thousand for the same period last year. While, net profit after Zakat for the current quarter is SR 497 thousand in comparison to SR 3,303 thousand for the same quarter last year. |
The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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Arabia Insurance Cooperative Company SJSC published this content on 08 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 November 2021 05:47:07 UTC.