The Saudi Indian Company for Co-operative Insurance (Wafa) reported a net profit before Zakat of SAR 67,000 for the month of October making a net loss of SAR 1.53m for the first ten months of 2014.
|
Accumulated losses until October 2014 |
|
|
October 2014 |
Period |
|
( 1.53 ) |
Net losses before Zakat (SAR mn) |
|
10 |
Number of shares (mn) |
|
(0.15) |
EPS(SAR) |
|
Insurance operations until October 2014 |
|
|
October 2014 |
Period |
|
152.1 |
Gross Written premium (SAR mn) |
|
98.9 |
Net written premium (SAR mn) |
|
67.4 |
Net incurred claims(SAR mn) |
Wafa’s accumulated losses declined to SAR 73.2m or 73.2% of its capital after reporting October’s net profit.
|
Accumulated losses |
|
|
October 2014 |
Period |
|
100 |
Capital (SAR mn) |
|
(73.2) |
Accumulated losses(SAR mn) |
|
73.2% |
Accumulated losses % of the capital |
|
Accumulated losses until October 2014 |
|
|
October 2014 |
Period |
|
( 1.53 ) |
Net losses before Zakat (SAR mn) |
|
10 |
Number of shares (mn) |
|
(0.15) |
EPS(SAR) |
|
Insurance operations until October 2014 |
|
|
October 2014 |
Period |
|
152.1 |
Gross Written premium (SAR mn) |
|
98.9 |
Net written premium (SAR mn) |
|
67.4 |
Net incurred claims(SAR mn) |
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