| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Insurance Revenues | 361,562 | 339,672 | 6.44 | ||
| Result of Insurance Services | 68,733 | -65,769 | - | ||
| Net Profit (Loss) of The Insurance Results | 42,983 | 36,032 | 19.29 | ||
| Net Profit (Loss) of The Investment Results | 146,832 | 201,051 | -26.97 | ||
| Net Insurance Financing Expenses | -110,282 | -165,817 | -33.49 | ||
| Net Profit (Loss), After Zakat, Attributable To Shareholders | 39,841 | 37,203 | 7.09 | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 51,096 | 55,200 | -7.43 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 1,006,972 | 975,676 | 3.21 | ||
| Profit (Loss) per Share | 0.6 | 0.56 | |||
| 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 | - | - | |
| Accumulated Losses | - | - | |
| 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 | Insurance revenue reached SAR 361,562 thousand in the current year compared to SAR 339,672 thousand in the previous year, representing an increase of 6.44%, mainly driven by business growth. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | Net profit after Zakat and income tax attributable to shareholders reached SAR 39,841 thousand in the current year compared to SAR 37,203 thousand in the previous year, representing an increase of 7.09%, mainly due to the followings: • Increase in Net Insurance Service Result in the current year to SAR 42,983 thousand compared to SAR 36,032 thousand in the previous year, reflecting an increase of 19.29%. • Increase in net investment income (excluding fair value changes of investments related to unit holders) in the current year to SAR 37,937 thousand compared to SAR 35,696 thousand in the previous year, representing an increase of 6.28%. |
| 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 reclassification |
| Additional Information | • Total shareholders’ equity (excluding minority interests) at the end of the current year reached SAR 1,007,078 thousand, compared to SAR 975,434 thousand in the previous year, representing an increase of 3.24%. • Earnings per share (EPS) for the current year amounted to SAR 0.60 per share, compared to SAR 0.56 per share in the previous year. EPS was calculated by dividing net income attributable to shareholders after Zakat and income tax, amounting to SAR 39,841 thousand, by the weighted average number of outstanding ordinary shares of 66,000 thousand shares during the current year, compared to net income attributable to shareholders after Zakat and income tax of SAR 37,203 thousand divided by 66,000 thousand shares in the previous year. |
