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INVESTOR INFORMATION
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Condensed Consolidated Statement of Income For the six month period ended 30 June 2009
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Six Month Period ended 30 June 2009 |
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2009
Reviewed
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2008
Reviewed
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| Gross premiums |
1,261,992 |
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1,155,864 |
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| Reinsurers’ share of gross premiums |
(613,654) |
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(612,092) |
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| Net premium |
648,338 |
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543,772 |
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| Movement in unexpired premium |
(75,200) |
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(93,803) |
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| Net earned premium |
573,138 |
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449,969 |
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| Gross claims paid |
(428,359) |
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(293,775) |
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| Re-insurance and other recoveries |
218,701 |
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139,871 |
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| Movement in outstanding claims |
(70,197) |
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(86,609) |
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| Net commission |
(51,101) |
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(27,730) |
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| Net underwriting results |
242,182 |
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181,726 |
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| Investment income |
166,192 |
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291,832 |
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| Rental income |
20,111 |
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16,567 |
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| Other income |
943 |
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1,070 |
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| Total income |
429,428 |
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491,195 |
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| General and administrative expenses |
(66,518) |
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(62,786) |
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| Provision for doubtful debts |
(3,191) |
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(3,606) |
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| Depreciation |
(9,048) |
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(7,863) |
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| Profit for the period |
350,671 |
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416,940 |
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| Equity holders of the parent |
334,275 |
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408,321 |
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| Non-controlling interest |
16,396 |
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8,619 |
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| Profit for the Period |
350,671 |
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416,940 |
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| Basic and diluted earnings per share (QR) |
4.50 |
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5.49 |
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