| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Gross Written Premiums (GWP) | 130,840 | 176,851 | -26.016 | 207,948 | -37.08 |
| Net Written Premiums (NWP) | 57,979 | 112,401 | -48.417 | 144,688 | -59.928 |
| Net Incurred Claims | 78,946 | 73,512 | 7.391 | 99,619 | -20.752 |
| Net Profit (Loss) of Policy Holders Investment | - | - | - | - | - |
| Profit (Loss) Insurance Operations Minus Policy Holders Investments Revenues (Operations Results) | -6,152 | 4,842 | - | -15,272 | -59.717 |
| Net Profit (loss) of Shareholders Capital Investment | 1,181 | 595 | 98.487 | 1,069 | 10.477 |
| Net Profit (Loss) before Zakat | -5,726 | 4,690 | - | -15,023 | -61.885 |
| Total Comprehensive Income | -6,205 | 2,806 | - | -16,325 | -61.99 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Gross Written Premiums (GWP) | 609,691 | 609,434 | 0.042 |
| Net Written Premiums (NWP) | 348,737 | 367,806 | -5.184 |
| Net Incurred Claims | 258,389 | 164,681 | 56.902 |
| Net Profit (Loss) of Policy Holders Investment | - | - | - |
| Profit (Loss) Insurance Operations Minus Policy Holders Investments Revenues (Operations Results) | -13,561 | 33,763 | - |
| Net Profit (loss) of Shareholders Capital Investment | 3,838 | 1,510 | 154.172 |
| Net Profit (Loss) before Zakat | -12,826 | 29,288 | - |
| Total Comprehensive Income | -17,002 | 22,573 | - |
| Total Share Holders Equity (after Deducting Minority Equity) | 222,573 | 250,576 | -11.175 |
| Profit (Loss) per Share | -0.8 | 1.13 | |
| 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 | The loss in the third quarter of 2019 as compared to the profit in the third quarter of 2018 was due to an increase in net claims incurred by SAR 5,434 thousand. |
| Increase (Decrease) in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed to | The decrease in the company’s net loss in the third quarter of 2019 as compared to the second quarter of 2019 was due to decrease in the net claims incurred by SAR 20,673 thousand. |
| Increase (Decrease) in Net Profit for Current Period Compared to the Same Period of the Previous Year is Attributed to | The net loss for the nine months of 2019 as compared to the profit in the previous period of 2018 was due to an increase in net claims incurred by SAR 93,708 thousand |
| Basis of the External Auditor's Opinion | Unmodified opinion |
| Reclassification of Comparison Items | The financial statements have been restated to reflect the change in the accounting policy for zakat and income tax. The change has resulted in a decrease in the net comprehensive income of the Company for the period ended 30 September 2018 by SR 6,715 thousand. The change has had no impact on the statement of cash flows for the period ended 30 September 2018. |
| Additional Information | loss per share calculated after Zakat and income tax. |
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