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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