1443/04/02 Sun Nov 7, 2021 16:28:09
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Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
Gross Written Premiums (GWP) | 42,903 | 40,469 | 6.014 | 57,326 | -25.159 |
Net Written Premiums (NWP) | 17,998 | 16,538 | 8.828 | 19,891 | -9.516 |
Net Incurred Claims | 12,676 | 4,160 | 204.711 | 13,712 | -7.555 |
Net Profit (Loss) of Policy Holders Investment | 216 | 726 | -70.247 | 281 | -23.131 |
Surplus (deficit) of insurance operations minus the revenues of policy holders' investments (operational procedures results) | 3,715 | 13,221 | -71.9 | 4,898 | -24.152 |
Net Profit (loss) of Shareholders Capital Investment | 840 | 1,957 | -57.077 | 970 | -13.402 |
Net Profit (Loss) before Zakat | 2,901 | 13,203 | -78.027 | 4,318 | -32.816 |
Total Comprehensive Income | 2,181 | 11,099 | -80.349 | 3,752 | -41.871 |
All figures are in (Thousands) Saudi Arabia, Riyals |
Element List | Current Period | Similar period for previous year | %Change |
Gross Written Premiums (GWP) | 192,069 | 187,072 | 2.671 |
Net Written Premiums (NWP) | 86,177 | 73,427 | 17.364 |
Net Incurred Claims | 36,732 | 12,325 | 198.028 |
Net Profit (Loss) of Policy Holders Investment | 624 | 1,366 | -54.319 |
Surplus (deficit) of insurance operations minus the revenues of policy holders' investments (operational procedures results) | 11,872 | 29,571 | -59.852 |
Net Profit (loss) of Shareholders Capital Investment | 2,549 | 4,705 | -45.823 |
Net Profit (Loss) before Zakat | 9,646 | 28,610 | -66.284 |
Total Comprehensive Income | 7,496 | 23,939 | -68.687 |
Total Share Holders Equity (after Deducting Minority Equity) | 360,198 | 346,354 | 3.997 |
Profit (Loss) per Share | 0.25 | 0.8 | |
All figures are in (Thousands) Saudi Arabia, Riyals |
Accumulated Losses | Capital |
0 | 300,000 |
All figures are in (Thousands) Saudi Arabia, Riyals |
Element List | Explanation |
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | The reasons for the decrease in the net profit before Zakat & Tax are due to an increase in Net claim incurred and increase in General and Administrative Expenses, a decrease in the Investment income for Policy holder and Shareholder and a decrease in Other income. |
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is | The reasons for the decrease in the net profit before Zakat & Tax are due to an increase inPolicy Acquisition Costs, a decrease in the Investment income for Policy holder and Shareholder and Other income, a decrease in Reinsurance commission income. |
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | The reasons for the decrease in the net profit before Zakat & Tax are due to an increase in Net claim incurred and increase in General and Administrative Expenses, a decrease in the Investment income for Policy holder and Shareholder and a decrease in Other income, and an increase in Policy Acquisition Costs. |
Statement of the type of external auditor's report | Unmodified opinion |
Reclassification of Comparison Items | Certain of the amounts have been reclassified to conform to the presentation in the current year. These changes were made for better presentation of balances and transactions in the Annual financial statements of the Company. The Company asserts that there is no financial impact of these re-classifications on Net Results From Retained Earnings, and Equity. |
Additional Information |
1. Profit per share was calculated after Zakat and Income Tax.
2. Total shareholders equity at 30/09/2021 SAR 360,198 thousand compared to SAR 346,354 thousand for the same period of last year with an increase of 4.00%. 3. The total comprehensive income for the current period is SAR 7,496 thousand compared to SAR 23,939 thousand for the same period last year, a decrease of 68.69%. |
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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CHUBB Arabia Cooperative Insurance Company SJSC published this content on 07 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 November 2021 13:47:05 UTC.