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Alinma Tokio Marine Co. announces its Interim Financial Results for the Period Ending on 2020-06-30 ( Six Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Gross Written Premiums (GWP) 114,02774,49653.06499,03015.143
Net Written Premiums (NWP) 33,11731,8254.05946,831-29.284
Net Incurred Claims -4,985-26,535-81.213-29,711-83.221
Net Profit (Loss) of Policy Holders Investment 2,205-198--3,129-
Profit (Loss) Insurance Operations Minus Policy Holders Investments Revenues (Operations Results) 10,366-11,059--6,959-
Net Profit (loss) of Shareholders Capital Investment 2,0102,062-2.521-315-
Net Profit (Loss) before Zakat 12,444-10,083--11,284-
Total Comprehensive Income 11,900-10,746--12,306-
All figures are in (Thousands) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Gross Written Premiums (GWP) 213,057209,4301.731
Net Written Premiums (NWP) 79,948112,452-28.904
Net Incurred Claims -34,696-55,985-38.026
Net Profit (Loss) of Policy Holders Investment -9241,051-
Profit (Loss) Insurance Operations Minus Policy Holders Investments Revenues (Operations Results) 3,407-21,506-
Net Profit (loss) of Shareholders Capital Investment 1,6955,002-66.113
Net Profit (Loss) before Zakat 2,169-17,223-
Total Comprehensive Income 603-19,008-
Total Share Holders Equity (after Deducting Minority Equity) 207,653225,990-8.114
Profit (Loss) per Share 0.02-0.64
All figures are in (Thousands) Saudi Arabia, Riyals
Accumulated LossesCapitalPercentage %
91,837300,00030.6
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 Net profit for current quarter compared to net loss in same quarter of last year is mainly due to Gross written premium higher by 53.06%, Net incurred claims lower by 81.21% and income of SAR 2.2 million from the policy holders investment in the current quarter compared to SAR 0.2 million loss for the same quarter of last year.
Increase (Decrease) in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed to Net profit for current quarter compared to net loss previous quarter is mainly due to Net incurred claims lower by 83.22%, income of SAR 2.2 million from the policy holders investments in the current quarter compared to SAR 3.1 million losses in previous quarter and income of SAR 2 million from the shareholders’ capital investment in the current quarter compared to SAR 0.3 million losses in previous quarter.
Increase (Decrease) in Net Profit for Current Period Compared to the Same Period of the Previous Year is Attributed to Net profit for current period compared to net losses of same period last year is mainly due to Net incurred claims lower by 38.03% and the increase in Other underwriting income by 809%
Basis of the External Auditor's Opinion Unmodified opinion
Reclassification of Comparison Items Certain prior period figures have been reclassified to conform with the presentation in the current period
Additional Information The Shareholders’ Equity for the current period is SAR 207,653 thousand, compared to SAR 225,990 thousand for the same period last year, with a decrease of 8.11%.

Total comprehensive income for the period is SAR 603 thousand, compared to total comprehensive loss of 19,008 thousand same period last year.

The accumulated losses as at 30 Jun 2020 amounted to SAR 91,837 thousand which is 30.6% of the share capital.

Earnings per share for the period ended 30 Jun 2020 is 0.02, compared to 0.64 Loss per share for the same period last year.

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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