Sanad Cooperative Insurance Company reported a net loss of SAR 5.8m for the month of November making a net loss of SAR 32.2m for the first eleven months of 2014.
|
Accumulated losses until November 2014 |
|
|
November 2014 |
Period |
|
(32.2) |
Net losses before Zakat (SAR mn) |
|
20 |
Number of shares (mn) |
|
(1.61) |
EPS(SAR) |
Sanad’s accumulated losses increased to SAR 170.7m or 85.4% of its capital after reporting November’s net loss.
|
Accumulated losses |
|
|
November 2014 |
Period |
|
200 |
Capital (SAR mn) |
|
170.7 |
Accumulated losses(SAR mn) |
|
85.4% |
Accumulated losses % of the capital |
|
Insurance operations until November 2014 |
|
|
November 2014 |
Period |
|
123.2 |
Gross Written premium (SAR mn) |
|
72.2 |
Net written premium (SAR mn) |
|
99.0 |
Net incurred claims(SAR mn) |
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