Arabia Insurance accumulated losses reach 68% of capital

12/02/2015 Argaam

Arabia Insurance Cooperative Company (AICC) reported on Thursday accumulated losses of SAR 136.09 million up to the end of January, representing 68 percent of its capital.

The Saudi Arabia-based insurer reported additional profits of SAR 223,000 during the month of January alone.

 

Accumulated Losses

Jan 2015

Period

200

Capital (SAR mln)

136.09

Accumulated losses (SAR mln)

68%

Percentage of capital

 

 Profits - January 2015

Jan 2015

Period

0.22

Net profits (SAR mln)

20

Number of shares (mln)

0.01

EPS (SAR)

 

Insurance Operations - January 2015

Jan 2015

Period

47.5

Gross written premium (SAR mln)

36.1

Net written premium (SAR mln)

30.9

Net incurred claims (SAR mln)

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