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ANNUAL REPORT 2005

  
CONSOLIDATED STATEMENT OF INSURANCE INCOME - Year ended 31 December 2005  
  Marine & aviation Fire and general Total
             
  2005 2004 2005 2004 2005 2004
  QR’000 QR’000 QR’000 QR’000 QR’000 QR’000
Premium 132,774 116,791 600,693 431,769 733,467 548,560
             
Less : Reinsurers’ share (92,754) (92,703 (412,907) (330,728) (505,661) (423,431)
  ---------- --------- --------- --------- --------- ---------
Net premium 40,020 24,088 187,786 101,041 227,806 125,129
  ---------- --------- --------- --------- --------- ---------
Movement in Unexpired Premium (4,805) (795) (37,658) (8,100) (42,463) (8,895)
  ---------- --------- --------- --------- --------- ---------
Earned Premium 35,215 23,293 150,128 92,941 185,343 116,234
  ---------- --------- --------- --------- --------- ---------
Net Commission 646 3,578 1,182 11,405 1,828 14,983
  ---------- --------- --------- --------- --------- ---------
Total Revenue 35,861 26,871 151,310 104,346 187,171 131,217
  ---------- --------- --------- --------- --------- ---------
Claims (35,604) ( 40,607) ( 115,105) ( 85,393) ( 150, 709 ) ( 126,000)
             
Less: Reinsurers’ share 30,603 37,017 58,574 35,206 89,177 72,223
             
Movement in Outstanding Claims (5,144) (4,225) (30,741) (8,361 (35,885) (12,586)
  ---------- --------- --------- --------- --------- ---------
Net Insurance Income 25,716 19,056 64,038 45,798 89,754 64,854