AICC losses down to 67% of capital after April

13/05/2015 Argaam

Arabia Insurance Cooperative Company (AICC) said on Wednesday that its accumulated losses decreased to SAR 134.4 million, or 67 percent of its capital, after it reported a net profit of SAR 223,000 for April.

 

Accumulated Losses

April 2015

Period

200

Capital (SAR mln)

(134.4)

Accumulated losses (SAR mln)

67%

Accumulated losses %

 

Company Profit (January to April)

April 2015

Period

2.4

Net profit (SAR mln)

20

Number of shares (mln)

(0.12)

EPS (SAR)

 

Insurance Operations

April 2015

Period

242.8

Gross written premiums (SAR mln)

163.5

Net written premiums (SAR mln)

122.3

Net claims incurred (SAR mln)

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