Arabia Insurance losses remain 68% of capital after February

12/03/2015 Argaam

Arabia Insurance Cooperative Company (AICC) said on Thursday that its accumulated losses remained at SAR 135.96 million, or 68 percent of its capital.

The Saudi Arabia-based company reported a net profit of SAR 125,000 for February.

 

Accumulated Losses (Feb. 2015)

200

Capital (SAR mln)

(135.96)

Accumulated losses (SAR mln)

68 %

Accumulated losses %

 

Company’s Profit (Jan-Feb)

0.35

Net profit (SAR mln)

20

Number of shares (mln)

0.02

EPS (SAR)

 

Insurance Operations (Jan-Feb)

85.35

Gross written premiums (SAR mln)

55.01

Net written premiums (SAR mln)

62.78

Net incurred claims (SAR mln)

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