Correction announcement from Wataniya Insurance Co. in regards to the Correction announcement from Wataniya Insurance Co. in regards to Wataniya Insurance Co. announces its Interim Financial Results for the Period Ending on 2022-06-30 ( Six Months )

2022-08-17 15:56:15

Element ListExplanation
Date of Publishing the Previous Announcement Sought to be Corrected on Tadawul's Website 2022-08-17 Corresponding to 1444-01-19
Hyperlink to the Previous Announcement Click Here
Incorrect statements in the previous announcement As stated in the corrective announcement dated 17-08-2022 the following: Previous Quarter result: Gross Written Premiums (GWP) SR. 267734 Net Written Premiums (NWP) SR. 153808 Net Incurred Claims SR. 102218 Net Profit (Loss) of Policy Holders Investment SR. 487 Profit (Loss) Insurance Operations Minus Policy Holders Investments Revenues (Operations Results) SR. -21352 Net Profit (loss) of Shareholders Capital Investment SR. 851 Net Profit (Loss) before Zakat SR. -24092 Total Comprehensive Income SR. -24670
Correct Statement Previous Quarter result: Gross Written Premiums (GWP) SR. 267734 Thousand with a percentage of -27.44% Net Written Premiums (NWP) SR. 153808 Thousand with a percentage of -21.15% Net Incurred Claims SR. 102218 Thousand with a percentage of -5.60% Net Profit (Loss) of Policy Holders Investment SR. 487 Thousand with a percentage of 83.78% Profit (Loss) Insurance Operations Minus Policy Holders Investments Revenues (Operations Results) SR. -21352 Thousand with a percentage of -53.16% Net Profit (loss) of Shareholders Capital Investment SR. 851 Thousand with a percentage of -273.09% Net Profit (Loss) before Zakat SR. -24092 Thousand with a percentage of -46.64% Total Comprehensive Income SR. -24670 Thousand with a percentage of -43.45% As stated on the English version of the financial statement announcement dated 16-08-2022: The decrease in loss in current quarter compared to loss in previous quarter is due to the decrease in the net incurred claims and other operating expenses.
Additional Information Not applicable