INVESTOR INFORMATION

Financials 2004
Financilas 2005
Financials 2006
Financials 2007
Financials 2008
QIC Stock
Investor Contact
S&P Rating
   

ANNUAL REPORT 2006

  
CONSOLIDATED STATEMENT OF INSURANCE INCOME - Year ended 31 December 2006
  Marine & aviation Fire and general Total
             
  2006 2005 2006 2005 2006 2005
  QR’000 QR’000 QR’000 QR’000 QR’000 QR’000
Premium 199,902 132,774 992,660 600,693 1,192,562 733,467
             
Less : Reinsurers’ share (98,173) (92,754) (637,454) (412,907) (735,627) (505,661)
  ---------- --------- --------- --------- --------- ---------
Net premium 101,729 40,020 355,206 187,786 456,935 227,806
  --------- --------- --------- --------- --------- ---------
Movement in Unexpired Premium (19,947) (4,805) (66,107) (37,658) (86,054) (42,463)
  ---------- --------- --------- --------- --------- ---------
Earned Premium 81,782 35,215 289,099 150,128 370,881 185,343
  ---------- --------- --------- --------- --------- ---------
Net Commission (6,052) 646 (9,456) 1,182 15,508 1,828
  ---------- --------- --------- --------- --------- ---------
Total Revenue 75,730 35,861 279,643 151,310 355,373 187,171
  ---------- --------- --------- --------- --------- ---------
Claims (120,731) (35,604) ( 216,228) ( 115,105) (336,959 ) ( 150, 709)
             
Less: Reinsurers’ share 95,366 30,603 118,003 58,574 213,369 89,177
             
Movement in Outstanding Claims (17,866) (5,144) (53,948) (30,741) (71,814) (35,885)
  ---------- --------- --------- --------- --------- ---------
Net Insurance Income 32,499 25,716 127,470 64,038 159,969 89,754