(All amounts in thousands Saudi Riyals)
(All amounts in thousands Saudi Riyals)
(All amounts in thousands Saudi Riyals)
Saudi Arabian Cooperative Insurance Co Announces the Interim Financial Results for the Six-Month Period Ended 30 June 2023
Current Quarter
Similar quarter
for previous year %Change Previous
Quarter %Change
Insurance revenue 263,099 222,650 18% 255,903 3%
Insurance service expense (182,070) (216,546) (16%) (231,538) (21%) Net expense from reinsurance contracts held (49,777) (51,332) (3%) (23,084) 116%
Net investment income 4,859 2,559 90% 5,309 (8%)
Net insurance and investment results 35,359 (43,776) - 5,151 586%
Profit before zakat and tax 30,919 (44,807) - 10,077 207%
Total comprehensive income 29,071 (46,344) - 8,229 253%
Current Period Similar Period for
previous year %Change
Insurance revenue 519,002 419,906 24%
Insurance service expense (413,608) (300,623) 38%
Net expense from reinsurance contracts held (72,862) (174,703) (58%)
Net investment income 10,168 18,604 (45%)
Net insurance and investment results 40,509 (38,906) -
Profit before zakat and tax 40,995 (40,559) -
Total comprehensive income 37,299 (44,346) -
Current Period Similar Period for
previous year %Change
Total shareholders’ equity 271,789 247,675 10%
Profit (loss) per share 1.24 (1.48) -
