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INVESTOR INFORMATION
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CONSOLIDATED
STATEMENT OF INCOME 31-December-2007
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Note |
2007
QR’s 000 |
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2006
QR’s 000
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| Gross premiums |
16 (a) |
1,518,385 |
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1,192,562 |
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| Reinsurers' share of gross premiums |
16 (a) |
(814,908) |
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(735,627) |
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| Net premium |
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703,477 |
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456,935 |
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| Movement in unexpired premium |
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(86,650) |
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(86,054) |
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| Net earned premium |
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616,827 |
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370,881 |
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| Gross claims paid |
16 (a) |
(462,053) |
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(336,959) |
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| Re insurance and other recoveries |
16 (a) |
242,355 |
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213,369 |
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| Movement in outstanding claims |
16 (a) |
(148,166) |
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(71,814) |
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| Net commission |
16 (a) |
(26,487) |
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(15,508) |
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| Net underwriting income |
16 (a) |
222,475 |
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159,969 |
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| Investment income |
17 |
377,283 |
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286,040 |
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| Rental income |
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27,645 |
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14,618 |
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| Other income |
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1,860 |
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868 |
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| Total income |
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629,263 |
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461,495 |
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| General and administrative expenses |
18 |
(91,944) |
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(63,779) |
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| Provision for doubtful debts |
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(2,651) |
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(2,249) |
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| Depreciation |
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(12,230) |
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(7,241) |
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| Profit for the year |
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522,438 |
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388,226 |
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| Equity holders of the parent |
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511,285 |
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387,858 |
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| Minority interest |
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11,153 |
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368 |
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| Profit for the year |
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522,438 |
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388,226 |
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| Basic and Diluted earnings per share (QR) |
19 |
12.04 |
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9.13 |
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| Dividend per share (QR) |
20 |
10.00 |
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10.00 |
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