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INVESTOR INFORMATION
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Condensed Consolidated Statement of Income For the nine months ended 30th September 2009
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Nine month period ended 30th September 2009 In thousands of Riyals |
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2009
Un-audited
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2008
Un-audited
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| Gross premiums |
1,786,990 |
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1,633,601 |
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| Reinsurers’ share of gross premiums |
(880,065) |
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(859,639) |
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| Net premium |
906,925 |
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773,962 |
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| Movement in unexpired premium |
(84,541) |
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(114,960) |
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| Net earned premium |
822,384 |
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659,002 |
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| Gross claims paid |
(769,999) |
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(466,714) |
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| Re-insurance and other recoveries |
439,383 |
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232,925 |
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| Movement in outstanding claims |
(89,817) |
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(125,864) |
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| Net commission |
(69,926) |
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(39,677) |
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| Net underwriting results |
332,025 |
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259,672 |
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| Investment income |
225,247 |
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355,725 |
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| Rental income |
29,837 |
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24,851 |
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| Other income |
1,165 |
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1,666 |
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| Total income |
588,274 |
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641,914 |
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| General and administrative expenses |
(101,191) |
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(94,491) |
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| Provision for doubtful debts |
(4,766) |
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(3,970) |
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| Depreciation |
(14,015) |
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(11,897) |
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| Profit for the period |
468,302 |
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531,556 |
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| Equity holders of the parent |
447,291 |
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515,884 |
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| Non-controlling interest |
21,011 |
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15,672 |
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| Profit for the Period |
468,302 |
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531,556 |
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| Basic and diluted earnings per share (QR) |
6.02 |
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6.94 |
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