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INVESTOR INFORMATION
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Condensed consolidated interim statement of income For the three month period ended 31 March 2008
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2008
Un-audited
QR’s 000 |
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2007
Un-audited
QR’s 000
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| Gross premiums |
627,510
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520,991
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| Reinsurers' share of gross premiums |
(327,508)
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(297,553)
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----------- |
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----------- |
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| Net premium |
300,002 |
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223,438 |
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| Movement in unexpired premium |
(62,409) |
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(63,145) |
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| Net earned premium |
237,593 |
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160,293 |
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| Gross claims paid |
(139,322)
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(87,801)
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| Re-insurance and other recoveries |
62,988
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41,739
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| Movement in outstanding claims |
(48,744)
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(37,334)
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| Net commission |
(11,892)
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(7,819)
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| Net underwriting income |
100,623 |
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69,078 |
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| Investment income |
175,466
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84,219
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| Rental income |
8,289
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6,670
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| Other income |
491
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359
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| Total income |
284,869 |
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160,326 |
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| General and administrative expenses |
(31,619)
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(20,751)
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| Provision for doubtful debts |
(1,073)
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(2,030)
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| Depreciation |
(4,140)
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(2,768)
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| Profit for the Period |
248,037 |
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134,777 |
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| Equity holders of the parent |
243,615 |
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133,095
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| Minority interest |
4,422
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1,682
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| Profit for the Period |
248,037 |
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134,777 |
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