Al Alamiya Insurance says losses represent 58.36% of capital

12/02/2015 Argaam

Al Alamiya for Cooperative Insurance Company reported on Thursday that its accumulated losses of SAR 116.72 million up to the end of January, representing 58.36 percent of its capital.

 

Accumulated Losses

Jan 2015

Period

200

Capital (SAR mln)

116.72

Accumulated losses (SAR mln)

58.36%

Percentage of capital

 

The insurer reported a profit of SAR 263,000 before Zakat during January alone, as shown in the following table.

 

Profits - January 2015

Jan. 2015

Period

0.26

Net profits (SAR mln)

40

Number of shares (mln)

0.01

EPS (SAR)

 

Insurance Operations - January 2015

Jan. 2015

Period

72.4

Gross Written premium (SAR mln)

36.3

Net written premium (SAR mln)

10.8

Net incurred claims (SAR mln)

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