| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Gross written premiums (GWP) | 270,903 | 268,111 | 1.041 | 102,890 | 163.293 |
| Net written premiums (NWP) | 146,070 | 142,364 | 2.603 | 52,863 | 176.318 |
| Net incurred claims | 79,824 | 43,961 | 81.579 | 82,885 | -3.693 |
| Net profit (loss) of policy holders investment | - | - | - | - | - |
| Profit (Loss) Insurance Operations minus policy holders investments from operations | 7,863 | 20,316 | -61.296 | -10,230 | - |
| Net profit (loss) of shareholders capital investment | 1,588 | 25 | 6,252 | 263 | 503.802 |
| Net Profit (Loss) before Zakat | 7,137 | 16,650 | -57.135 | -9,878 | - |
| Total Comprehensive Income | 6,966 | 16,650 | -58.162 | -11,242 | - |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Share Holders Equity (after deducting minority equity) | 245,059 | 240,736 | 1.795 |
| Profit (Loss) per Share | 0.36 | 0.83 | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| Reason for increase (decrease) in net profit for current quarter compared to the same quarter of the previous year | The main reason for the decrease in the profit for the first quarter of 2019 compared to the profit of the first quarter of 2018 was due to an increase in the other operating expenses by SR 11,148 thousand |
| Reason for increase (decrease) in net profit for current quarter compared to the previous quarter | The main reason for the profit in the first quarter of 2019 as compared to the loss in the last quarter of 2018 was due to the decrease in the net claims incurred by SR 3,061 thousand, a reversal of premium deficiency reserves by SR 6,107 thousand and increase in other income by SR 5,866 thousand. |
| Type of the external auditor's opinion | Unmodified opinion |
| Additional Information | - The total of shareholders’ equity (there are no minority rights) for the current period amounted to SR. 245,059 thousand compared with SR. 240,736 thousand for the same period last year which is an increase of 2%. |
- The total comprehensive income for the first quarter 2019 is SAR 6,966 thousand compared to SAR 16,650 thousand for the same quarter last year which represents a decrease of 58% and as compared to a total comprehensive loss of SAR 11,242 thousand for the previous quarter.
- There was no policyholder’s investment return for the first quarter and the Previous period
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.