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Saudi Re for Cooperative Reinsurance Co

THE SAUDI REINSURANCE COMPANY (SAUDI RE) ANNOUNCES THE INTERIM FINANCIAL RESULTS FOR THE NINE MONTHS ENDED SEPTEMBER 30.2011.

The Saudi Reinsurance Company announces the interim financial results for the nine months ended September 30.2011 as follows: 1.The net Loss for the third quarter. is 10.456.824 Riyals compared to net income of 5.701.744 Riyals for the same quarter previous year. and compared to net loss of 4.592.553 Riyals for the previous quarter. increased by 128%. 2. Deficit of Reinsurance operations. excluding investment income from the policyholders' investments portfolio for the third quarter is 14.645.685 Riyals compared to 2.759.442 Riyals for the same quarter previous year. increased by 431%. 3.The Gross written premiums (GWP). for the third quarter is 55.282.520 Riyals compared to 31.469.678 Riyals for the same quarter previous year. increased by 76% and Net written premiums (NWP) .for the third quarter is 43.961.811 Riyals compared to 13.727.296 Riyals for the same quarter previous year. increased by 220%. 4. The net claims incurred. for the third quarter are 18.863.908 Riyals compared to 2.559.299 Riyals for the same quarter previous year. increased by 637%. 5. The net investment income from policyholders' investments portfolio for the third quarter is 62.398 Riyals there was no investment income from policyholders' investments portfolio for the same quarter previous year. and net income from the shareholders investments portfolio for the third quarter is 4.126.463 Riyals compared to 8.461.186 Riyals for the same quarter previous year. decreased by 51%. 6. Net loss for the nine months. is 21.903.287 Riyals compared to 6.002.360 Riyals for the same period previous year. increased by 265%. 7.Loss per share for the nine months is 0.2190 Riyals compared to 0.0600 Riyals for the same period previous year. 8- Deficit of Reinsurance operations. excluding investment income from policyholders' investments portfolio for the nine months is 39.301.441 Riyals compared to 20.991.215 Riyals for the same period previous year. increased by 87%. (Continued(

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

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

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

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