| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Insurance Revenues | 452,167 | 409,829 | 10.33 | 486,615 | -7.079 |
| Result of Insurance Services | 167,293 | 153,267 | 9.151 | 93,796 | 78.358 |
| Net Profit (Loss) of The Insurance Results | 5,396 | 22,933 | -76.47 | 21,031 | -74.342 |
| Net Profit (Loss) of The Investment Results | 16,152 | 16,540 | -2.345 | 19,626 | -17.701 |
| Net Insurance Financing Expenses | -3,518 | -1,314 | 167.732 | -489 | 619.427 |
| Net Profit (Loss), After Zakat, Attributable To Shareholders | 6,238 | 27,281 | -77.134 | 32,486 | -80.797 |
| Total Comprehensive Income | 7,556 | 27,265 | -72.286 | 50,519 | -85.043 |
| 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) | 617,190 | 515,543 | 19.716 |
| Profit (Loss) per Share | 0.16 | 0.68 | |
| 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 revenues for the current quarter amounted to SR. 452,167 thousand, compared to the same quarter of the last year amounted to SR. 409,829 thousand , an increase of 10.33%, which was principally driven by increase in earned premium driven by business growth in last year. |
| 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 before zakat and income tax attributable to shareholders for the current quarter amounted to SR. 9,738 thousand, compared to the same quarter of the last year amounted to SR. 31,531 thousand which represents a decrease of 69.12%. |
Net profit after zakat and income tax attributable to shareholders for the current quarter amounted to SR. 6,238 thousand, compared to the same quarter of the last year amounted to SR. 27,281 thousand, which represents a decrease of 77.13%. which was due to decrease in net insurance service results from the Company’s directly written business by SR 17,537 thousand, a decrease of 76.47%
Net profit after zakat and income tax attributable to shareholders for the current quarter amounted to SR. 6,238 thousand, compared to the previous quarter amounted to SR. 32,486 thousand, which represents a decrease of 80.80%, which was due to the following main reasons:
- decrease in net insurance service results from the Company’s directly written business by SR. 15,635 thousand, which represents a decrease of 74.34%
- decrease in investment income by SR. 3,474 thousand, which represents a decrease of 17.70%
Total Shareholder Equity (no minority interest) as at the end of the current quarter is SR. 617,190 thousand versus SR. 515,543 thousand for the same quarter from last year, which is an increase of 19.72%.
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