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Malath Cooperative Insurance Co. announces the interim financial results for the period ending on 30-06-2017 (Six Months)

Element Current quarter Similar quarter for previous year % Change current Previous quarter % Change previous
Net profit (loss) before Zakat 5,036 -129,623 - 8,861 -43.17
Surplus (deficit) of insurance transactions less returns of policy holders investment (operating transactions results) 3,930 -126,704 - 8,870 -55.69
Gross written premiums (GWP) 143,891 253,118 -43.15 447,762 -67.86
Net written premiums (NWP) 126,966 116,838 8.67 421,765 -69.9
Net incurred claims 188,458 399,656 -52.84 200,047 -5.79
Net profit (loss) of policy holders investment 1,082 3,644 -70.31 1,584 -31.69
Net profit (loss) of shareholders capital investment -622 9,962 - -77 -707.79
All figures are in (Thousands) Saudi Arabia, Riyals
Element Current period Similar period for previous year % Change
Net profit (loss) before Zakat 13,897 -126,764 -
Surplus (deficit) of insurance transactions less returns of policy holders investment (operating transactions results) 12,800 -127,770 -
Gross written premiums (GWP) 591,653 1,439,545 -58.9
Net written premiums (NWP) 548,731 843,237 -34.93
Net incurred claims 388,505 692,002 -43.86
Net profit (loss) of policy holders investment 2,666 6,883 -61.27
Net profit (loss) of shareholders capital investment -739 10,843 -
Earning or loss per share, Riyals 1.16 -10.56 -
All figures are in (Thousands) Saudi Arabia, Riyals
Element EXPLAINATION
Reasons of increase (decrease) for the quarter compared with same quarter last year No translation see Arabic version
Reasons of increase (decrease) for the period compared with same period last year No translation see Arabic version
Reasons of increase (decrease) for the quarter compared with the previous quarter No translation see Arabic version
External auditor's report containing reservation No translation see Arabic version
Reclassifications in quarterly financial results No translation see Arabic version
Other notes No translation see Arabic version

The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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