Arabia Insurance Cooperative Company (AICC) reported a net profit of SAR 271,000 for the month of November reducing the net loss to SAR 10.6m for the first eleven months of 2014.
|
Accumulated losses until November 2014 |
|
|
November 2014 |
Period |
|
( 10.6 ) |
Net losses before Zakat (SAR mn) |
|
20 |
Number of shares (mn) |
|
(0.53) |
EPS(SAR) |
AICC’s accumulated losses declined to SAR 147.8m or 73.9% of its capital after reporting November’s net profit.
|
Accumulated losses |
|
|
November 2014 |
Period |
|
200 |
Capital (SAR mn) |
|
147.8 |
Accumulated losses(SAR mn) |
|
73.9% |
Accumulated losses % of the capital |
|
Insurance operations until November 2014 |
|
|
November 2014 |
Period |
|
585.8 |
Gross Written premium (SAR mn) |
|
409.5 |
Net written premium (SAR mn) |
|
315.4 |
Net incurred claims(SAR mn) |
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