Solidarity Saudi Takaful Company said on Tuesday that its accumulated losses rose to SAR 342.2 million, or 61.6 percent of its capital, after it reported a net loss of SAR 1.6 million for April.
At the end of March, the insurer said it had accumulated SAR 340.6 million in losses, representing 61.37 percent of its capital.
|
Accumulated Losses |
|
|
April 2015 |
Period |
|
555 |
Capital (SAR mln) |
|
(342.2) |
Accumulated losses (SAR mln) |
|
61.37% |
Accumulated losses % |
|
Company Losses (January to April) |
|
|
April 2015 |
Period |
|
65.6 |
Net loss (SAR mln) |
|
55.5 |
Number of shares (mln) |
|
1.18 |
EPS (SAR) |
|
Insurance Operations |
|
|
April 2015 |
Period |
|
120.3 |
Gross written premiums (SAR mln) |
|
89.2 |
Net written premiums (SAR mln) |
|
88.7 |
Net incurred claims (SAR mln) |
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