1443/03/28 Wed Nov 3, 2021 08:42:49
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Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
Gross Written Premiums (GWP) | 44,359 | 45,558 | -2.631 | 47,103 | -5.825 |
Net Written Premiums (NWP) | 34,093 | 33,443 | 1.943 | 32,665 | 4.371 |
Net Incurred Claims | 23,988 | 21,880 | 9.634 | 24,710 | -2.921 |
Net Profit (Loss) of Policy Holders Investment | 548 | 427 | 28.337 | 500 | 9.6 |
Surplus (deficit) of insurance operations minus the revenues of policy holders' investments (operational procedures results) | 782 | -6,176 | - | 2,142 | -63.492 |
Net Profit (loss) of Shareholders Capital Investment | 1,684 | 1,262 | 33.438 | 1,648 | 2.184 |
Net Profit (Loss) before Zakat | 1,769 | -5,583 | - | 3,249 | -45.552 |
Total Comprehensive Income | 801 | -6,372 | - | 1,585 | -49.463 |
All figures are in (Thousands) Saudi Arabia, Riyals |
Element List | Current Period | Similar period for previous year | %Change |
Gross Written Premiums (GWP) | 145,845 | 137,694 | 5.919 |
Net Written Premiums (NWP) | 103,717 | 91,772 | 13.015 |
Net Incurred Claims | 74,974 | 63,560 | 17.957 |
Net Profit (Loss) of Policy Holders Investment | 1,505 | 1,440 | 4.513 |
Surplus (deficit) of insurance operations minus the revenues of policy holders' investments (operational procedures results) | 4,468 | -20,749 | - |
Net Profit (loss) of Shareholders Capital Investment | 4,975 | 4,872 | 2.114 |
Net Profit (Loss) before Zakat | 7,098 | -17,492 | - |
Total Comprehensive Income | 2,763 | -21,441 | - |
Total Share Holders Equity (after Deducting Minority Equity) | 300,106 | 299,909 | 0.065 |
Profit (Loss) per Share | 0.06 | -0.63 | |
All figures are in (Thousands) Saudi Arabia, Riyals |
Accumulated Losses | Capital | Percentage % |
54,770 | 340,000 | 16.11 |
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 reason for net profit before Zakat/Tax for current quarter compared to the net loss for same quarter of the previous year is following:
1- An increase by 1 Million Saudi Riyals in Fee and commission income in the current quarter comparing to same quarter of previous year. The Fee and commission income is 2.5 Million Saudi Riyals in current quarter comparing to 1.5 Million Saudi Riyals in same quarter of previous year. 2- A decrease in the change in unexpired risk reserve and non-unit reserve by 1.3 Million Saudi Riyals in the current quarter compared to same quarter of previous year. The change of unexpired risk reserve and non-unit reserve is 3.8 (Reversal) Million Saudi Riyals compared to 2.5 (Reversal) Million Saudi Riyals in same quarter of previous year. 3- A decrease of 2.6 Million Saudi Riyals in General and Admin expenses in the current quarter comparing to same quarter of previous year. The General and Admin expenses for current quarter is 8.4 Million Saudi Riyals comparing to 11 Million Saudi Riyals in same quarter of previous year |
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 reason for decrease in net profit before Zakat/Tax for current quarter compared to the net profit for previous quarter is following:
1- An increase by 4 Million Saudi Riyals in changes in reserve for Takaful activities in the current quarter comparing to previous quarter. The changes in reserve for Takaful activities is 5.4 Million Saudi Riyals in current quarter comparing to 1.4 Million Saudi Riyals in previous quarter. 2- A decrease in the change in unexpired risk reserve and non-unit reserve by 0.6 Million Saudi Riyals in the current quarter compared to previous quarter. The change of unexpired risk reserve and non-unit reserve is 3.8 (Reversal) Million Saudi Riyals compared to 4.4 (Reversal) Million Saudi Riyals in previous quarter. |
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 reason for net profit before Zakat/Tax for current period compared to the net loss for same period of the previous year is following:
1- An increase by 14.2 Million Saudi Riyals in Net contributions earned in the current period comparing to same period of previous year. The Net contributions earned is 106.9 Million Saudi Riyals in current period comparing to 92.7 Million Saudi Riyals in same period of previous year. 2- A decrease in the change in unexpired risk reserve and non-unit reserve by 12.1 Million Saudi Riyals in the current period compared to same period of previous year. The change of unexpired risk reserve and non-unit reserve is 13.1 (Reversal) Million Saudi Riyals compared to 1 (Reversal) Million Saudi Riyals in same period of previous year. 3- A decrease of 10.5 Million Saudi Riyals in General and Admin expenses in the current period comparing to same period of previous year. The General and Admin expenses for current period is 26.3 Million Saudi Riyals comparing to 36.8 Million Saudi Riyals in same period of previous year |
Statement of the type of external auditor's report | Unmodified opinion |
Reclassification of Comparison Items | Certain of the prior year amounts have been reclassified to conform with the presentation in the current period. These changes were made for better presentation of balances and transactions in the annual/Interim financial statements of the Company. Note16 |
Additional Information | Earning / (loss) per share calculated based on net profit / (loss) after zakat and tax |
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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SABB Takaful Company SJSC published this content on 03 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 November 2021 08:01:05 UTC.