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INVESTOR INFORMATION
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Consolidated Income Statement for the year ended 31 December 2008
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2008
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2007
Restated
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| Gross premiums |
1,972,307 |
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1,518,385 |
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| Premium ceded to reinsurers |
(997,873) |
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(814,908) |
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| Net premium |
974,434 |
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703,477 |
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| Movement in unexpired premium |
(106,998) |
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(86,650) |
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| Net earned premium |
867,436 |
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616,827 |
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| Gross claims paid |
(672,101) |
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(462,053) |
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| Re-insurance and other recoveries |
312,522 |
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242,355 |
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| Movement in outstanding claims |
(142,503) |
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(148,166) |
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| Net commission |
(58,729) |
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(26,487) |
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| Net underwriting results |
306,625 |
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222,475 |
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| Investment income |
371,713 |
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377,283 |
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| Rental income |
34,057 |
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27,645 |
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| Other income |
2,077 |
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1,860 |
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| Total income |
714,472 |
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629,263 |
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| General and administrative expenses |
(154,352) |
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(118,763) |
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| Impairment losses on doubtful receivables |
(4,214) |
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(2,651) |
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| Depreciation |
(16,536) |
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(12,230) |
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| Profit for the year |
530,083 |
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495,619 |
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| Equity holders of the parent |
510,799 |
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472,682 |
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| Minority interest |
19,284 |
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10,155 |
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| Profit for the Period |
530,083 |
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482837 |
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| Basic and diluted earnings per share (QR) |
12.03 |
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11.13 |
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| Cash dividend per share (QR) |
3.00 |
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10.00 |
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