Wafa Insurance says accumulated losses represent 67.5% of capital

03/02/2015 Argaam

Saudi Indian Company for Cooperative Insurance (Wafa) said that it has accumulated losses of SAR 67.54 million by the end of January 2015, which representing 67.54 percent of its capital.

 

Accumulated Losses

Jan 2015

Period

100

Capital (SAR mln)

67.54

Accumulated losses(SAR mln)

67.54%

Accumulated losses percentage of the capital

 
Wafa Insurance reported a net profit of SAR 3.1 million before Zakat during January 2015, as the following table shows:

Wafa’s Profit for the Beginning of 2015

Jan 2015

Period

3.1

Net Profits before Zakat (SAR mln)

10

Number of shares (mln)

0.31

EPS(SAR)

 
 

Insurance Operations

Jan 2015

Period

53.0

Gross Written premium (SAR mln)

38.6

Net written premium (SAR mln)

6.4

Net incurred claims(SAR mln)

 
 

 

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