Announcements and Meetings / Announcements

Saudi Re for Cooperative Reinsurance Co

Correction announcement from Saudi Re for Cooperative Reinsurance Co. in regards to the company’s interim Financial results for the period ending on 2018-09-30 ( Nine Months ) announcement.

Element ListExplanation
Date on which the incorrect announcement was published on Tadawul`s website 2018-11-11 Corresponding to 1440-03-03
Subject of the incorrect announcement the company’s interim Financial results for the period ending on 2018-09-30 ( Nine Months ) announcement.
Incorrect statements in the previous announcement .Accumulated Losses 29,467,928 Riyals
Correct Statement The Retained Earnings 29,467,928 Riyals and there are no Accumulated Losses

Saudi Re for Cooperative Reinsurance Co

Saudi Re for Cooperative Reinsurance Co. announces its interim Financial results for the period ending on 2018-09-30 ( Nine Months )

Element List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change
Gross written premiums (GWP) 83,274,213 302,584,661 -72.479 62,187,704 33.907
Net written premiums (NWP) 51,044,388 89,326,574 -42.856 43,014,231 18.668
Net incurred claims 96,054,749 114,146,248 -15.849 93,410,872 2.83
Net profit (loss) of policy holders investment 2,393,816 1,494,649 60.159 932,130 156.811
Profit (Loss) Insurance Operations minus policy holders investments from operations 1,043,680 -11,205,844 - 1,830,847 -42.994
Net profit (loss) of shareholders capital investment 9,265,426 11,268,670 -17.777 5,601,657 65.405
Net Profit (Loss) before Zakat 10,029,120 -271,290 - 6,435,752 55.834
Total Comprehensive Income 13,998,124 -271,290 - 3,280,343 326.727
All figures are in (Actual) Saudi Arabia, Riyals
Element List Current Period Similar period for previous year %Change
Gross written premiums (GWP) 673,844,272 879,844,453 -23.413
Net written premiums (NWP) 586,368,076 608,716,252 -3.671
Net incurred claims 301,967,401 312,743,343 -3.445
Net profit (loss) of policy holders investment 3,428,005 4,927,886 -30.436
Profit (Loss) Insurance Operations minus policy holders investments from operations 8,102,375 -14,157,305 -
Net profit (loss) of shareholders capital investment 19,517,769 37,240,909 -47.59
Net Profit (Loss) before Zakat 24,060,731 20,670,209 16.402
Total Comprehensive Income 26,055,244 20,670,209 26.052
Total Share Holders Equity (after deducting minority equity) 845,571,785 814,990,731 3.752
Profit (Loss) per Share 0.297 0.255
All figures are in (Actual) Saudi Arabia, Riyals

Saudi Re for Cooperative Reinsurance Co

Saudi Re for Cooperative Reinsurance Co. Announcess Saudi Re Announces that Has Been Assigned an AA+ Insurance Financial Strength Rating (IFSR) By SIMAH's Credit Rating Agency (Tassnief)

Element ListExplanation
Announcement Detail Saudi Re is pleased to announce that it has been assigned an AA+ Insurance Financial Strength Rating (IFSR) by SIMAH's Credit Rating Agency, Tassnief, with stable outlook. According to the rating issued on on 26 Sep. 2018, the AA+ Rating of Saudi Re reflects its strong financial profile supported by its strong equity base and debt-free capital structure. It also incorporates the strength of the business profile having a well-established franchise in the key targeted markets that the company operates in, as well as the improved level of diversification for the international business, and the entry into the Lloyd’s market and a well diversified GPW mix among the major lines of business. Furthermore, the report noted the sound governance framework, conservative investment policy, improved underwriting procedures and risk management techniques which resulted in an improvement in technical performance of the Saudi Re.

Saudi Re for Cooperative Reinsurance Co

Saudi Re for Cooperative Reinsurance Co. announces the interim financial results for the period ending on 30-06-2018 (Six Months)

Array

Saudi Re for Cooperative Reinsurance Co

No English translation, see the Arabic Version.

No English translation, see the Arabic Version.

Saudi Re for Cooperative Reinsurance Co

No English translation, see the Arabic Version.

No English translation, see the Arabic Version.

Saudi Re for Cooperative Reinsurance Co

Saudi Re for Cooperative Reinsurance Co. announces the interim financial results for the period ending on 31-03-2018 (Three Months)

Array

Saudi Re for Cooperative Reinsurance Co

Saudi Re for Cooperative Reinsurance Co. announces the results of shareholder Ordinary general assembly meeting

Saudi Re for Cooperative Reinsurance Co. has announced that the company held its Ordinary general assembly meeting in the in on 30-04-2018 corresponding to 14-08-1439 at 21:30. All resolutions of the meeting are as follows:

Saudi Re for Cooperative Reinsurance Co

no translation, see Arabic.

No translation, see Arabic version

Saudi Re for Cooperative Reinsurance Co

No Translation see Arabic version

Saudi Re for Cooperative Reinsurance Co

Saudi Re for Cooperative Reinsurance Co. announces the annual financial results for the period ending on 31-12-2017

Saudi Re for Cooperative Reinsurance Co

Saudi Re for Cooperative Reinsurance Co. announces the interim financial results for the period ending on 31-12-2017 (Twelve Months)

Saudi Re for Cooperative Reinsurance Co

No Translation see Arabic version

Saudi Re for Cooperative Reinsurance Co

No Translation see Arabic version

Saudi Re for Cooperative Reinsurance Co

No Translation see Arabic version

Saudi Re for Cooperative Reinsurance Co

No Translation see Arabic version

Saudi Re for Cooperative Reinsurance Co

No Translation see Arabic version

Saudi Re for Cooperative Reinsurance Co

No Translation see Arabic version

Saudi Re for Cooperative Reinsurance Co

No Translation see Arabic version

Saudi Re for Cooperative Reinsurance Co

Saudi Re for Cooperative Reinsurance Co. announces the interim financial results for the period ending on 30-09-2017 (Nine Months)