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Malath Cooperative Insurance and Reinsurance Co. announces the interim financial results for the period ending on 30-06-2016 (Six Months)

Element Current quarter Similar quarter for previous year % Change current Previous quarter % Change previous
Net profit (loss) before Zakat -129,623 3,662 - 2,860 -
Surplus (deficit) of insurance transactions less returns of policy holders investment (operating transactions results) -126,945 -233 -54,382.83 -826 -15,268.64
Gross written premiums (GWP) 253,118 298,939 -15.33 1,186,427 -78.67
Net written premiums (NWP) 116,838 257,243 -54.58 726,399 -83.92
Net incurred claims 399,656 375,252 6.5 292,345 36.71
Net profit (loss) of policy holders investment 3,644 898 305.79 3,240 12.47
Net profit (loss) of shareholders capital investment 9,962 4,123 141.62 882 1,029.48
All figures are in (Thousands) Saudi Arabia, Riyals
Element Current period Similar period for previous year % Change
Net profit (loss) before Zakat -126,764 -7,784 -1,528.52
Surplus (deficit) of insurance transactions less returns of policy holders investment (operating transactions results) -127,770 -13,837 -823.39
Gross written premiums (GWP) 1,439,545 1,040,266 38.38
Net written premiums (NWP) 843,237 968,409 -12.93
Net incurred claims 692,002 708,584 -2.34
Net profit (loss) of policy holders investment 6,883 1,558 341.78
Net profit (loss) of shareholders capital investment 10,843 5,806 86.76
Earning or loss per share, Riyals -4.23 -0.26 -
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

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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