The Saudi Indian Company for Co-operative Insurance (Wafa) reported a net profit before Zakat of SAR 2 million for the month of November making a net profit of SAR 494,000 for the first eleven months of 2014.
|
Profits until November 2014 |
|
|
November 2014 |
Period |
|
0.49 |
Net profits before Zakat (SAR mn) |
|
10 |
Number of shares (mn) |
|
0.05 |
EPS(SAR) |
|
Insurance operations until November 2014 |
|
|
November 2014 |
Period |
|
180.2 |
Gross Written premiums (SAR mn) |
|
116.6 |
Net written premiums (SAR mn) |
|
73.3 |
Net incurred claims(SAR mn) |
Wafa’s accumulated losses declined to SAR 71.2m or 71.2% of its capital after reporting November’s net profit.
|
Accumulated losses |
|
|
November 2014 |
Period |
|
100 |
Capital (SAR mn) |
|
(71.2) |
Accumulated losses(SAR mn) |
|
71.2% |
Accumulated losses % of the capital |
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