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Malath Cooperative Insurance Co. announces its interim Financial results for the period ending on 2018-09-30 ( Nine Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Gross written premiums (GWP) 150,37162,105142.123130,29115.411
Net written premiums (NWP) 138,67454,588154.03799,84338.892
Net incurred claims 104,206167,638-37.83896,1268.405
Net profit (loss) of policy holders investment 2,5701,81041.9881,84039.673
Profit (Loss) Insurance Operations minus policy holders investments from operations 6,28310,477-40.036,409-1.965
Net profit (loss) of shareholders capital investment 2,456892,659.55-102-
Net Profit (Loss) before Zakat 10,02311,101-9.715,29389.363
Total Comprehensive Income 10,59611,101-4.5495,151105.707
All figures are in (Thousands) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Gross written premiums (GWP) 653,102653,758-0.1
Net written premiums (NWP) 573,848588,672-2.518
Net incurred claims 290,635556,143-47.74
Net profit (loss) of policy holders investment 6,1554,47637.511
Profit (Loss) Insurance Operations minus policy holders investments from operations 19,98723,277-14.134
Net profit (loss) of shareholders capital investment 4,535-650-
Net Profit (Loss) before Zakat 25,33924,9981.364
Total Comprehensive Income 25,91224,3446.441
Total Share Holders Equity (after deducting minority equity) 471,185452,0234.239
Profit (Loss) per Share 0.511.3
All figures are in (Thousands) Saudi Arabia, Riyals
Accumulated LossesCapitalPercentage %
-31,519500,0006.304
Element ListExplanation
Reason for increase (decrease) in net profit for current quarter compared to the same quarter of the previous year No English translation, kindly refer to the Arabic version
Reason for increase (decrease) in net profit for current quarter compared to the previous quarter No English translation, kindly refer to the Arabic version
Reason for increase (decrease) in net profit for current period compared to the previous year similar period No English translation, kindly refer to the Arabic version
Type of the external auditor's opinion Unmodified opinion
Reclassifications in quarter financial result 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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