Some key financial indicators for the period 2017-2021 are shown below:
Revenues
|
2021
(SR ’000) |
2020
(SR ’000) |
2019
(SR ’000) |
2018
(SR ’000) |
2017
(SR ’000) |
| Gross written premiums |
1,115,880 |
935,114 |
792,848 |
721,605 |
942,007 |
| Retroceded premiums |
123,898 |
132,993 |
127,844 |
72,997 |
274,514 |
| Net written premiums |
958,968 |
772,639 |
646,605 |
616,896 |
636,922 |
| Net earned premiums |
854,730 |
647,120 |
642,535 |
613,615 |
595,834 |
| Total revenues |
874,406 |
659,814 |
660,711 |
630,083 |
607,091 |
Total comprehensive income
|
2021
(SR ’000) |
2020
(SR ’000) |
2019
(SR ’000) |
2018
(SR ’000) |
2017
(SR ’000) |
| Net income for the year |
38,309 |
45,918 |
45,444 |
13,722 |
38,888 |
| Other comprehensive income/loss |
(2,124) |
2,191 |
(3,012) |
3,036 |
(1,962) |
| Total comprehensive income |
36,185 |
48,109 |
42,423 |
16,758 |
36,926 |
Total costs and expenses
|
2021
(SR ’000) |
2020
(SR ’000) |
2019
(SR ’000) |
2018
(SR ’000) |
2017
(SR ’000) |
| Total policyholders’ costs and expenses |
(852,669) |
(629,166) |
(593,467) |
(578,524) |
(569,950) |
| Total shareholders’ costs and expenses |
(13,174) |
(10,447) |
(9,684) |
(9,224) |
(10,894) |
| Total costs and expenses |
(865,842) |
(639,614) |
(603,151) |
(587,748) |
(580,844) |
Investment Income
|
2021
(SR ’000) |
2020
(SR ’000) |
2019
(SR ’000) |
2018
(SR ’000) |
2017
(SR ’000) |
| Shareholders’ investment/income |
46,293 |
34,533 |
37,855 |
13,218 |
55,450 |
| Reinsurance investment income |
4,440 |
3,795 |
9,299 |
5,340 |
6,977 |
| Total Reinsurance investment income |
50,732 |
38,329 |
47,154 |
18,559 |
62,427 |
Net investment income
|
2021
(SR ’000) |
2020
(SR ’000) |
2019
(SR ’000) |
2018
(SR ’000) |
2017
(SR ’000) |
| Shareholders’ investments |
42,969 |
33,765 |
36,341 |
9,702 |
46,503 |
| Reinsurance operations investments |
3,975 |
3,674 |
9,139 |
4,936 |
6,472 |
| Total net investment income |
46,944 |
37,439 |
45,479 |
14,638 |
52,975 |
Surplus/Deficit from reinsurance operations
|
2021
(SR ’000) |
2020
(SR ’000) |
2019
(SR ’000) |
2018
(SR ’000) |
2017
(SR ’000) |
| Surplus/(deficit) from reinsurance operations |
23,141 |
30,890 |
31,662 |
12,339 |
3,279 |
Net income from shareholders’ operations
|
2021
(SR ’000) |
2020
(SR ’000) |
2019
(SR ’000) |
2018
(SR ’000) |
2017
(SR ’000) |
| Net income from shareholders |
38,309 |
45,918 |
45,444 |
819 |
25,453 |
Technical reserve position
|
2021
(SR ’000) |
2020
(SR ’000) |
2019
(SR ’000) |
2018
(SR ’000) |
2017
(SR ’000) |
| Technical reserves |
1,603,938 |
1,343,897 |
1,126,114 |
1,081,668 |
1,039,024 |
Total Assets
|
2021
(SR ’000) |
2020
(SR ’000) |
2019
(SR ’000) |
2018
(SR ’000) |
2017
(SR ’000) |
| Reinsurance total assets |
1,998,858 |
1,751,312 |
1,640,548 |
1,456,378 |
1,598,517 |
| Shareholders’ total assets |
1,118,611 |
1,056,898 |
1,013,762 |
1,002,393 |
1,030,884 |
