| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Insurance Revenues | 87,138 | 82,274 | 5.911 | 83,758 | 4.035 |
| Result of Insurance Services | 9,723 | -91,764 | - | 31,607 | -69.237 |
| Net Profit (Loss) of The Insurance Results | 5,355 | 10,684 | -49.878 | 16,537 | -67.618 |
| Net Profit (Loss) of The Investment Results | 53,991 | 26,046 | 107.29 | 10,996 | 391.005 |
| Net Insurance Financing Expenses | -46,445 | -19,732 | 135.379 | -3,742 | 1,141.181 |
| Net Profit (Loss), After Zakat, Attributable To Shareholders | 4,080 | 11,091 | -63.213 | 16,112 | -74.677 |
| Total Comprehensive Income | 4,080 | 11,091 | -63.213 | 18,621 | -78.089 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Insurance Revenues | 170,896 | 174,239 | -1.918 |
| Result of Insurance Services | 41,330 | -74,152 | - |
| Net Profit (Loss) of The Insurance Results | 21,892 | 26,357 | -16.94 |
| Net Profit (Loss) of The Investment Results | 64,967 | 132,499 | -50.967 |
| Net Insurance Financing Expenses | -50,168 | -117,595 | -57.338 |
| Net Profit (Loss), After Zakat, Attributable To Shareholders | 20,193 | 23,871 | -15.407 |
| Total Comprehensive Income | 22,702 | 23,871 | -4.897 |
| Total Shareholders Equity (after Deducting Minority Equity) | 978,578 | 964,147 | 1.496 |
| Profit (Loss) per Share | 0.31 | 0.36 | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| Accumulated Losses | - | - | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the revenues during the current quarter compared to the same quarter of last year is | The insurance revenues for the current quarter amounted to SAR 87,138 thousand, compared to SAR 82,274 thousand during the similar quarter of the previous year, reflecting an increase of 5.91%. This increase is primarily due to the growth in business. |
| 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 net profit after zakat and income tax attributable to shareholders for the current quarter amounted to SAR 4,080 thousand, compared to SAR 11,091 thousand during the similar quarter of the previous year, representing a decrease of 63.21%. This decrease is primarily due to: |
• A decrease in the total insurance service result, which reached SAR 5,355 thousand, compared to SAR 10,684 thousand during the similar quarter of the previous year, reflecting a decrease of 49.88%.
• A decrease in the total insurance service result, which reached SAR 5,355 thousand, compared to SAR 16,537 thousand during the previous quarter, a decrease of 67.62%.
• A decrease in the total insurance service result for the current period, which reached SAR 21,892 thousand, compared to SAR 26,357 thousand during the similar period of the previous year, reflecting a decrease of 16.94%.
• Earnings per share (EPS) for the current period stood at SAR 0.31 per share, compared to SAR 0.36 per share for the same period of the previous year. Earnings per share were calculated by dividing the net income attributable to shareholders after zakat and income tax, which amounted to SAR 20,193 thousand, by the weighted average number of outstanding ordinary shares of 66,000 thousand shares during the current period, compared to net income attributable to shareholders after zakat and income tax of SAR 23,871 thousand on 66,000 thousand shares in the same period of the previous year.
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