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Salama Cooperative Insurance Co. announces its Interim Financial Results for the Period Ending on 2019-06-30 ( Six Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Gross Written Premiums (GWP) 137,443224,273-38.716150,964-8.956
Net Written Premiums (NWP) 124,903213,361-41.459131,274-4.853
Net Incurred Claims 109,076139,333-21.715149,532-27.055
Net Profit (Loss) of Policy Holders Investment -2,2931,932-2,531-
Profit (Loss) Insurance Operations Minus Policy Holders Investments Revenues (Operations Results) -34,2347,310--23,43446.086
Net Profit (loss) of Shareholders Capital Investment 1,20579950.8136,777-82.219
Net Profit (Loss) before Zakat -35,3799,028--14,580142.654
Total Comprehensive Income -36,8797,528-14,580-
All figures are in (Thousands) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Gross Written Premiums (GWP) 288,407470,502-38.702
Net Written Premiums (NWP) 256,177448,198-42.842
Net Incurred Claims 258,608275,465-6.119
Net Profit (Loss) of Policy Holders Investment 2382,725-91.266
Profit (Loss) Insurance Operations Minus Policy Holders Investments Revenues (Operations Results) -57,66810,490-
Net Profit (loss) of Shareholders Capital Investment 7,9824,91762.334
Net Profit (Loss) before Zakat -35,3799,028-
Total Comprehensive Income -36,8797,528-
Total Share Holders Equity (after Deducting Minority Equity) 209,751265,687-21.053
Profit (Loss) per Share -2.120.53
All figures are in (Thousands) Saudi Arabia, Riyals
Accumulated LossesCapitalPercentage %
45,251250,00018
All figures are in (Thousands) Saudi Arabia, Riyals
Element ListExplanation
Increase (Decrease) in Net Profit for Current Quarter Compared to the Same Quarter of the Previous Year is Attributed to No English translation, kindly refer to the Arabic version
Increase (Decrease) in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed to No English translation, kindly refer to the Arabic version
Increase (Decrease) in Net Profit for Current Period Compared to the Same Period of the Previous Year is Attributed to No English translation, kindly refer to the Arabic version
Basis of the External Auditor's Opinion Unmodified opinion
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion No English translation, kindly refer to the Arabic version
Reclassification of Comparison Items No English translation, kindly refer to the Arabic version
Additional Information No English translation, kindly refer to the 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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