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INVESTOR INFORMATION
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Consolidated Income Statement for the year ended 31 December 2008
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2009
Un-audited
QR’s 000 |
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2008
Un-audited
QR’s 000
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| Gross premiums |
643,128 |
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672,510 |
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| Reinsurers' share of gross premium |
(277,964) |
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(327,508) |
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----------- |
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----------- |
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| Net premium |
365,164 |
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300,002 |
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| Movement in unexpired premium |
(58,296) |
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(62,409) |
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| Net earned premium |
306,868 |
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237,593 |
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| Gross claims paid |
(215,390) |
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(139,322) |
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| Re-insurance and other recoveries |
108,738 |
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62,988 |
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| Movement in outstanding claims |
(27,017) |
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(48,744) |
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| Net commission |
(25,305) |
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(11,892) |
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| Net underwriting results |
147,894 |
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100,623 |
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| Investment income |
103,881 |
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175,466 |
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| Rental income |
10,301 |
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8,289 |
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| Other income |
374 |
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491 |
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| Total income |
262,450 |
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284,869 |
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| General and administrative expenses |
(34,171) |
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(31,619) |
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| Provision for doubtful debts |
(1,649) |
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(1,073) |
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| Depreciation |
(5,030) |
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(4,140) |
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| Profit for the year |
221,600 |
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248,037 |
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| Equity holders of the parent |
212,090 |
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243,615 |
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| Minority interest |
9,510 |
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4,422 |
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| Profit for the Period |
221,600 |
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248,037 |
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| Earnings per share |
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| Basic and diluted earnings per share |
2.85 |
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3.27 |
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