Sanad Cooperative Insurance Company reported a net loss of SAR 1.73m for the month of October making a net loss of SAR 26.4m for the first ten months of 2014.
|
Accumulated losses until October 2014 |
|
|
October 2014 |
Period |
|
( 26.4 ) |
Net losses before Zakat (SAR mn) |
|
20 |
Number of shares (mn) |
|
(1.32) |
EPS(SAR) |
|
Insurance operations until October 2014 |
|
|
October 2014 |
Period |
|
122.6 |
Gross Written premium (SAR mn) |
|
72.0 |
Net written premium (SAR mn) |
|
87.1 |
Net incurred claims(SAR mn) |
Sanad’s accumulated losses increased to SAR 164.7m or 82.4% of its capital after reporting October’s net loss.
|
Accumulated losses |
|
|
October 2014 |
Period |
|
200 |
Capital (SAR mn) |
|
(164.7) |
Accumulated losses(SAR mn) |
|
82.4% |
Accumulated losses % of the capital |
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