| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Insurance Revenues | 1,503,755 | 1,463,521 | 2.75 | ||
| Result of Insurance Services | 117,314 | 232,695 | -49.58 | ||
| Net Profit (Loss) of The Insurance Results | 124,965 | 110,738 | 12.85 | ||
| Net Profit (Loss) of The Investment Results | 96,330 | 92,353 | 4.31 | ||
| Net Insurance Financing Expenses | 19,941 | 30,579 | -34.79 | ||
| Net Profit (Loss), After Zakat, Attributable To Shareholders | 126,189 | 98,195 | 28.51 | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 174,527 | 103,867 | 68.03 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 1,201,484 | 1,089,957 | 10.23 | ||
| Profit (Loss) per Share | 2.4 | 1.87 | |||
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in revenues during the current year compared to the last year is | The increase in revenue by 3% as compared to last year is mainly driven by business growth in Motor and Property and Casualty segments. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The increase in net profit by +29% in current period as compared to last year is driven by: 1. Net Insurance Results has improved by + 13% driven by better net combined ratio in Health segment and higher surplus from insurance pool . 2. Investment income increased by +4% mainly due to higher unrealised gain from mark to market adjustment. |
| Statement of the type of external auditor's report | Unmodified opinion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | None. |
| Reclassification of Comparison Items | No Reclassifications were made. |
| Additional Information | The earnings per share (EPS) for the current year is SR 2.4 per share versus SR 1.87 for the last year which is calculated by dividing the net profit of SR 126,189 thousand for current year over the weighted average number of ordinary outstanding shares of 52,500 thousand for the current year and the net income of SR 98,195 thousand over 52,500 thousand weighted average number of ordinary shares outstanding for the previous year. Total comprehensive income for the current period is SR 174,527 thousand compared to total comprehensive income of SR 103,867 thousand for the previous year, an increase of 68%. Total Shareholder Equity as at the end of the current year is SR 1,201,484 thousand versus SR 1,089,957 thousand as at the end of the previous year, an increase of 10%. There is no non-controlling interest during the current year. |
