Al Alamiya for Cooperative insurance Company reported a net profit of SAR 84,000 for the month of November decreasing the net loss of the first eleven months of 2014 to SAR 31.3m.
|
Accumulated losses until November 2014 |
|
|
November 2014 |
Period |
|
( 31.3 ) |
Net losses before Zakat (SAR mn) |
|
20 |
Number of shares (mn) |
|
(1.57) |
EPS(SAR) |
|
Insurance operations until November 2014 |
|
|
November 2014 |
Period |
|
316.9 |
Gross Written premium (SAR mn) |
|
158.7 |
Net written premium (SAR mn) |
|
133.1 |
Net incurred claims(SAR mn) |
Al Alamiya’s accumulated losses slightly declined to SAR 119.75m or 59.87% of its capital after reporting November’s net profit.
|
Accumulated losses |
|
|
November 2014 |
Period |
|
200 |
Capital (SAR mn) |
|
119.75 |
Accumulated losses(SAR mn) |
|
59.87% |
Accumulated losses % of the capital |
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