| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Insurance Revenues | 1,505,230 | 1,205,906 | 24.821 | 1,377,509 | 9.271 |
| Result of Insurance Services | 207,515 | 166,156 | 24.891 | 260,906 | -20.463 |
| Net Profit (Loss) of The Insurance Results | 115,320 | 90,746 | 27.079 | 196,364 | -41.272 |
| Net Profit (Loss) of The Investment Results | 183,454 | 52,952 | 246.453 | -448,584 | - |
| Net Insurance Financing Expenses | -129,487 | -10,335 | 1,152.897 | 466,045 | - |
| Net Profit (Loss), After Zakat, Attributable To Shareholders | 113,501 | 90,797 | 25.005 | 166,986 | -32.029 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 134,061 | 86,710 | 54.608 | 183,572 | -26.97 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 2,669,752 | 2,174,383 | 22.782 |
| Profit (Loss) per Share | 1.14 | 0.91 | |
| 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 | - | - | |
| 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 | Insurance revenue for the current quarter amounted to SR 1,505,230K compared to SR 1,205,906K during same quarter of previous year, an increase of 24.8%, mainly driven by higher business volume. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | Net profit after zakat attributable to shareholders for the current quarter amounted to SR 113,501K compared to SR 90,797K during same quarter of previous year, an increase of 25.0%, mainly due to the following reasons: |
• The insurance service result before retakaful amounted to SR 207,515K for the current quarter increased compared to SR166,156K, during same quarter of previous year, by 24.9%, principally driven by the increase in business volume.
• The insurance service result for the current quarter amounted to SR 115,320K an increased compared to SR 90,746K during same quarter of previous year, by 27.1% due to increase in insurance service result before retakaful.
• Total investment income for the current quarter of SR 183,454K compared to SR 52,952K during same quarter of previous year includes SR 118,448K in current quarter and SR -12,052K during same quarter of previous year pertain to fair value movement in unit holders' fund investments. Net investment income (excluding unit holders’ share) for the current quarter amounted to SR 65,006K compared to SR 65,004K during same quarter of previous year, driven by stabilized yield investment portfolio.
• The insurance service result before retakaful for the current quarter amounted to SR 207,515K compared to SR 260,906K, a decrease of 20.5% compared to the previous quarter, principally driven by positive development on prior years claims that was reflected in the previous quarter.
• The insurance service result for the current quarter amounted to SR 115,320K compared to SR 196,364K, a decrease of 41.3% compared to previous quarter, mainly driven by positive development on prior years claims that was reflected in the previous quarter.
• Total investment income for the current quarter of SR 183,454K compared to SR -448,584K during previous quarter includes SR 118,448K in current quarter and SR -503,456K during previous quarter pertain to fair value movement in unit holders' fund investments. Net investment income (excluding unit holders’ share) for the current quarter amounted to SR 65,006K compared to SR 54,872K during previous quarter, driven by higher yield and balanced investment portfolio.
• Total equity as at the end of the current quarter is SR 2,669,752K compared to SR 2,174,383K at the end of the similar quarter for previous year, an increase of 22.8%.
• Total comprehensive income for the current quarter amounted to SR 134,061K compared to SR 86,710K during the similar quarter for previous year, an increase of 54.6%.
The Capital Market Authority and Saudi 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.