AMANA Insurance says accumulated losses represent 67.6% of capital

10/02/2015 Argaam

Saudi Arabia-based Amana Cooperative Insurance reported on Tuesday that its accumulated losses up to the end of January reached SAR 216.2 million, representing 67.6 percent of its capital.

During January alone, the company reported additional losses of SAR 21.7 million before Zakat.

 

Accumulated Losses

Jan. 2015

Period

320

Capital (SAR mln)

216.2

Accumulated losses(SAR mln)

67.6%

Accumulated losses percentage of the capital

 

January Losses

Jan. 2015

Period

21.7

Net losses before Zakat (SAR mln)

32

Number of shares (mln)

(0.68)

EPS(SAR)

 

Insurance Operations – Jan. 2015

Jan. 2015

Period

30.9

Gross Written premium (SAR mln)

12.6

Net written premium (SAR mln)

39.6

Net incurred claims(SAR mln)

 

 

 

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