Salama Insurance accumulated losses represent 73.5% of capital

12/02/2015 Argaam

 

Saudi Arabia-based Salama Cooperative Insurance Company reported that its accumulated losses of SAR 73.53 million up to the end of January represent 73.5 percent of the capital.

 

Accumulated Losses

Jan 2015

Period

100

Capital (SAR mln)

73.53

Accumulated losses(SAR mln)

73.5%

Accumulated losses percentage of the capital
 

The insurer reported SAR 170,000 in additional profits before Zakat during January.

 

Losses - January 2015

Jan 2015

Period

0.17

Net profits before Zakat (SAR mln)

10

Number of shares (mln)

0.02

EPS(SAR)
 

Insurance Operations - January 2015

Jan 2015

Period

42.5

Gross written premium (SAR mln)

39.6

Net written premium (SAR mln)

22.2

Net incurred claims (SAR mln)
 

 

 

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