Sanad Insurance says losses represent 82.81% of its capital

12/02/2015 Argaam

Sanad Insurance & Reinsurance Cooperative Company said on Thursday that it has accumulated losses of SAR 165.64 million up to the end of January, representing 82.81 percent of its capital.

 

Accumulated Losses

Jan. 2015

Period

200

Capital (SAR mln)

165.64

Accumulated losses(SAR mln)

82.81%

Percentage of capital
 

The Saudi Arabia-based insurer reported additional losses of SAR 925,000 before Zakat during January, as shown in the following table.

 

Profits - January 2015

Jan. 2015

Period

0.93

Net losses before Zakat (SAR mln)

20

Number of shares (mln)

0.05

EPS (SAR)
 

Insurance Operations - January 2015

Jan. 2015

Period

0.12

Gross Written premium (SAR mln)

0.08

Net written premium (SAR mln)

5.75

Net incurred claims (SAR mln)

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