Amana Cooperative Insurance Company said on Monday that its accumulated losses rose to SAR 232.1 million or 72.5 percent of its capital, after it reported a net loss of SAR 11.3 million for April.

 

At the end of March, the insurer said it had accumulated SAR 220.4 million in losses, representing 68.9 percent of its capital.

 

Accumulated Losses

April 2015

Period

320

Capital (SAR mln)

(232.1)

Accumulated losses (SAR mln)

72.5%

Accumulated losses %

 

Company’s Profit (Jan. to April)

April 2015

Period

(37.2)

Net loss (SAR mln)

32

Number of shares (mln)

(1.16)

EPS (SAR)
 

Insurance Operations

April 2015

Period

125.4

Gross written premiums (SAR mln)

62.0

Net written premiums (SAR mln)

103.4

Net incurred claims (SAR mln)

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