	English [member]
Start Date	2022-04-01	2021-04-01
End Date	2022-06-30	2021-06-30
Filing information [line items]
Disclosure of entity information [abstract]
Name of reporting entity	Malath Cooperative Insurance Co.
Company symbol code\| ISIN code	8020 \| SA000A0MJ2J4
Sector\| Industry group	Financials \| Insurance
Disclosure of document information [abstract]
Whether entity wants to report opening statement of financial position	No
Period covered by financial statements	Quarter 2
Reporting period start date	2022-04-01	2021-04-01
Reporting period end date	2022-06-30	2021-06-30
Description of nature of financial statements	Consolidated
Status of financial statements	Reviewed
Description of presentation currency	Saudi Arabia, Riyals
Level of rounding used in financial statements	Thousands

	Primary auditor [member]	Second primary auditor [member]
	English [member]	English [member]
Start Date	2022-04-01	2022-04-01
End Date	2022-06-30	2022-06-30
Auditors information [line items]
Details of auditors signing report [abstract]
Name of auditor signing report	Ibrahim Ahmad Albassam	Abdullah Mohammad Al Azem
Registration number of auditor	337	335
Details of audit firm [abstract]
Name of audit firm	Al-Bassam & Co. Allied Accountants.	Al Azem, Al Sudairy, Al Shaikh & Partners
Registration number of audit firm	337	335
Contact number of audit firm	011 206 5333	011 217 5000
Address of audit firm	P. O. Box 69658 Riyadh 11557	P. O. Box 10504 Riyadh 11443

	English [member]
Start Date	2022-04-01
End Date	2022-06-30
Auditors report [line items]
Disclosures of auditors report [text block]	INDEPENDENT AUDITOR’S REVIEW REPORT ON THE INTERIM CONDENSED FINANCIAL STATEMENTSINTRODUCTIONWe have reviewed the accompanying interim condensed statement of financial position of Malath Cooperative Insurance Company (the “Company”) as at 30 June 2022 and the related interim condensed statements of income, other comprehensive income, changes in equity and cash flows for the three month and six periods ended, and a summary of significant accounting policies and other explanatory notes (the “interim condensed financial statements”). Management is responsible for the preparation and presentation of these interim condensed financial statements in accordance with International Accounting Standard 34 - “Interim Financial Reporting” (“IAS 34”) that is endorsed in the Kingdom of Saudi Arabia. Our responsibility is to express a conclusion on these interim condensed financial statements based on our review.SCOPE OF REVIEWWe conducted our review in accordance with International Standard on Review Engagement 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity”, that is endorsed in the Kingdom of Saudi Arabia. A review of interim condensed financial statements consists of making inquiries, primarily of persons responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing that are endorsed in the Kingdom of Saudi Arabia and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.CONCLUSIONBased on our review, nothing has come to our attention that causes us to believe that the accompanying interim condensed financial statements is not prepared, in all material respects, in accordance with IAS 34 that is endorsed in the Kingdom of Saudi Arabia.
Contents of auditors report [abstract]
Nature of auditors opinion	Unmodified opinion
Auditors opinion	CONCLUSIONBased on our review, nothing has come to our attention that causes us to believe that the accompanying interim condensed financial statements is not prepared, in all material respects, in accordance with IAS 34 that is endorsed in the Kingdom of Saudi Arabia.
Date of signing audit report by auditor	2022-08-23

Start Date	2022-01-01	2021-01-01	2021-01-01
End Date	2022-06-30	2021-12-31	2021-06-30
Statement of financial position [abstract]
Assets [abstract]
Insurance/ takaful operations assets [abstract]
Property and equipment, net, insurance/ takaful operations assets	4,456	4,846	2,502
Investments held-to-maturity, insurance/ takaful operations assets	10,000	10,000	10,000
Deferred policy acquisition costs	27,510	25,618	29,773
Reinsurers/ retakaful share of unearned premiums/ contributions	28,092	14,487	22,369
Prepayments and other assets, insurance/ takaful operations assets	34,193	53,932	40,462
Premiums/ insurance receivables/takaful contributions receivable, net	267,457	218,884	295,385
Reinsurers/ retakaful share of outstanding claims/ benefits, net	96,148	90,130	109,916
Time (Murabaha) deposits, insurance/ takaful operations assets	144,483	129,113	165,284
Deferred excess of loss premiums	92	83	83
Available-for-sale investments, insurance/ takaful operations assets	59,536	61,498	53,817
Cash and cash equivalents, insurance/ takaful operations assets	237,907	207,819	163,832
Reinsurances share of IBNR claims net	25,409	20,802
Total insurance/ takaful operations assets	935,283	837,212	893,423
Shareholders assets [abstract]
Investments held-to-maturity, shareholders assets	7,844	9,724	9,374
Statutory deposit	75,000	75,000	75,000
Prepayments and other assets, shareholders assets	706	2,547	14,722
Time (Murabaha) deposits, shareholders assets	44,696		100,000
Accrued investment income	10,445	10,167
Available-for-sale investments, shareholders assets	101,052	100,128	53,469
Due from insurance/ takaful operations assets	-7,331	-58,804	-25,705
Cash and cash equivalents, shareholders assets	130,888	271,562	251,700
Investments in associates	13,112	0	0
Total shareholders assets	376,412	410,324	478,560
Total assets	1,311,695	1,247,536	1,371,983
Liabilities and equity [abstract]
Insurance/ takaful operations liabilities and surplus (deficit) [abstract]
Insurance/ takaful operations liabilities [abstract]
Gross unearned premiums/ contributions	429,366	427,085	422,124
Unearned commission income	6,246	3,488	5,107
Employees end of service benefits, insurance/ takaful operations liabilities	19,360	20,154
Surplus distribution payable	1,008	1,008	1,008
Due to shareholders operations	-7,331	-58,804	-25,705
Due to related parties, insurance/ takaful operations liabilities		2	2
Reinsurers/ retakaful balance payable	49,191	25,809	27,993
Gross outstanding claims/ benefits including IBNR payable	301,611	268,659	240,992
Other technical reserves	25,556	32,844	34,164
Accrued expenses payable, insurance/ takaful operations liabilities	112,152	126,255	195,484
Other liabilities, insurance/ takaful operations	5,771
Total insurance/ takaful operations liabilities	942,930	846,500	901,169
Total insurance/ takaful operations liabilities and surplus (deficit)	942,930	846,500	901,169
Shareholders liabilities and equity [abstract]
Shareholders liabilities [abstract]
Zakat payable	19,842	17,252	12,890
Accrued expenses payable, shareholders liabilities	539	2,041	1,586
Accrued commission income payable to SAMA	10,445	10,167	9,929
Total shareholders liabilities	30,826	29,460	24,405
Shareholders equity [abstract]
Equity attributable to owners of parent [abstract]
Share capital	500,000	500,000	500,000
Statutory reserve	2,131	2,131	2,131
Fair value reserve on investments, shareholders equity	-1,100	529	1,006
Retained earnings (accumulated losses)	-151,844	-120,408	-49,132
Other reserves	-11,248	-10,676	-7,596
Total equity attributable to owners of parent	337,939	371,576	446,409
Total equity attributable to equity holders of company	337,939	371,576	446,409
Total shareholders liabilities and equity	368,765	401,036	470,814
Total insurance/ takaful operations liabilities, surplus (deficit) and shareholders liabilities and equity	1,311,695	1,247,536	1,371,983

Start Date	2022-04-01	2021-04-01	2022-01-01	2021-01-01
End Date	2022-06-30	2021-06-30	2022-06-30	2021-06-30
Statement of insurance/ takaful operations [abstract]
Statement of insurance/ takaful operations and accumulated surplus (deficit) [abstract]
Income from insurance/ takaful operations [abstract]
Net premiums/ contributions earned [abstract]
Net premiums/ contributions written [abstract]
Gross premiums/ contributions written	197,505	195,905	483,899	486,235
Excess of loss expense	2,020	3,084	4,031	8,311
Reinsurance/ retakaful premiums ceded	10,890	8,905	44,015	35,141
Net premiums/ contributions written	184,595	183,916	435,853	442,783
Changes in unearned premiums/ contributions	-39,665	-2,344	-11,324	85,832
Net premiums/ contributions earned	224,260	186,260	447,177	356,951
Reinsurance/ retakaful commissions	3,710	4,190	7,073	6,787
Investment income from insurance/ takaful operations, net	3,413	2,946	6,979	6,358
Fees and other income from insurance/ takaful operations	1,386	65	1,850	497
Total income from insurance/ takaful operations	232,769	193,461	463,079	370,593
Cost and expenses [abstract]
Net claims/ benefits incurred [abstract]
Net claims/ benefits paid [abstract]
Gross claims/ benefits paid	186,578	159,728	384,325	358,949
Reinsurance/ retakaful share of gross claims/ benefits paid	88	6,026	4,124	11,383
Net claims/ benefits paid	186,490	153,702	380,201	347,566
Changes in outstanding claims/ benefits including IBNR	-314	2,740	22,328	-46,011
Changes in reinsurance/ retakaful share of outstanding claims/ benefits	-3,438	3,435	-7,288	-9,137
Net claims/ benefits incurred	182,738	159,877	395,241	292,418
Policy acquisition costs	16,066	16,037	32,804	29,559
General and administrative expenses, insurance/ takaful operations	31,309	28,526	63,610	55,629
Other underwriting income	-250	2,460	86	4,658
Other underwriting expenses	9,126	-4,198	17,277	5,679
Other cost and expenses	-437	10,494	2,160	8,926
Total cost and expenses	239,052	208,276	511,006	387,553
Surplus (deficit) for period from insurance/ takaful operations	-6,283	-14,815	-47,927	-16,960
Shareholders appropriation from insurance/ takaful operations surplus (deficit)	-6,283	-14,815	-47,927	-16,960
Net result for period from insurance/ takaful operations after shareholders appropriation	0	0	0	0
Policyholders share of accumulated surplus, at end of period	0	0	0	0

Start Date	2022-04-01	2021-04-01	2022-01-01	2021-01-01
End Date	2022-06-30	2021-06-30	2022-06-30	2021-06-30
Statement of shareholders operations [abstract]
Profit (loss) [abstract]
Income (loss) from continuing operations [abstract]
Shareholders appropriation of surplus (deficit) transferred from insurance/ takaful operations	-6,283	-14,815	-47,927	-16,960
Revenue [abstract]
Investment income	3,392	4,982	24,324	8,103
Other income		5,195		5,195
Total revenue	3,392	10,177	24,324	13,298
Expenses [abstract]
General and administrative expenses, shareholders operations	1,045	3,961	1,333	4,233
Total expenses	1,045	3,961	1,333	4,233
Income (loss) from continuing operations before zakat and income tax	-3,936	-8,599	-24,936	-7,895
Zakat expenses on continuing operations for period	3,250	3,245	6,500	6,489
Profit (loss) from continuing operations	-7,186	-11,844	-31,436	-14,384
Profit (loss) for the period	-7,186	-11,844	-31,436	-14,384
Profit (loss), attributable to [abstract]
Profit (loss), attributable to saudi shareholders of company	-7,186	-11,844	-31,436	-14,384
Earnings per share [abstract]
Basic earnings (loss) per share [abstract]
Basic earnings (loss) per share from continuing operations	-0.14	-0.24	-0.63	-0.29
Total basic earnings (loss) per share	-0.14	-0.24	-0.63	-0.29
Weighted average number of equity shares outstanding	50000	50000	50000	50000

Start Date	2022-04-01	2021-04-01	2022-01-01	2021-01-01
End Date	2022-06-30	2021-06-30	2022-06-30	2021-06-30
Statement of other comprehensive income, before tax [abstract]
Net result for period from insurance/ takaful operations after shareholders appropriation	0	0	0	0
Other comprehensive income [abstract]
Components of other comprehensive income that will be reclassified to profit or loss [abstract]
Available-for-sale financial assets [abstract]
Gains (losses) on remeasuring available-for-sale financial assets	1,414	-150	1,641	-150
Total other comprehensive income (loss), available-for-sale financial assets	1,414	-150	1,641	-150
Total other comprehensive income (loss), that will be reclassified to profit or loss	1,414	-150	1,641	-150
Total other comprehensive income (loss)	1,414	-150	1,641	-150
Total comprehensive income (loss) for period	1,414	-150	1,641	-150

Start Date	2022-04-01	2021-04-01	2022-01-01	2021-01-01
End Date	2022-06-30	2021-06-30	2022-06-30	2021-06-30
Statement of other comprehensive income, before tax [abstract]
Statement of comprehensive income [abstract]
Profit (loss) for the period	-7,186	-11,844	-31,436	-14,384
Other comprehensive income [abstract]
Components of other comprehensive income that will be reclassified to profit or loss [abstract]
Available-for-sale financial assets [abstract]
Gains (losses) on remeasuring available-for-sale financial assets	-9,350	-469	-3,270	483
Total other comprehensive income (loss), available-for-sale financial assets	-9,350	-469	-3,270	483
Other comprehensive gains (losses) that will be reclassified to profit or loss			-572
Total other comprehensive income (loss), that will be reclassified to profit or loss	-9,350	-469	-3,842	483
Total other comprehensive income (loss)	-9,350	-469	-3,842	483
Total comprehensive income (loss) for period	-16,536	-12,313	-35,278	-13,901
Total comprehensive income (loss) attributable to [abstract]
Total comprehensive income (loss), attributable to saudi shareholders of company	-16,536	-12,313	-35,278	-13,901

Start Date	2022-01-01	2021-01-01
End Date	2022-06-30	2021-06-30
Statement of cash flows, indirect method [abstract]
Statement of cash flows, insurance/ takaful operations [abstract]
Cash flows from (used in) operating activities, insurance/ takaful operations [abstract]
Net result for period from insurance/ takaful operations after shareholders appropriation	0	0
Adjustments to reconcile net income to net cash from insurance/ takaful operations after shareholders appropriation
Adjustments for depreciation, insurance/ takaful operations cash flow	949	837
Adjustments for employees end of service benefits	1,961	2,615
Adjustments for allowance for doubtful receivables	2,160	8,926
Adjustments for (gains) losses on disposal of available-for-sale investments	-319
Total adjustments to reconcile net income to net cash from insurance/ takaful operations after shareholders appropriation	4,751	12,378
Changes in operating assets and liabilities [abstract]
Adjustments for decrease (increase) in premium receivables, net	-50,733	-104,087
Adjustments for decrease (increase) in prepayments and other assets	19,739	-14,123
Adjustments for increase (decrease) in outstanding claims including IBNR	32,952	-51,250
Adjustments for increase (decrease) in reinsurers/ retakaful balance payable	23,382	21,153
Adjustments for increase (decrease) in retrocession balance payable		-2,409
Adjustments for increase (decrease) in accrued expenses and other liabilities	-8,334	53,881
Adjustments for decrease (increase) in reinsurers/ retakaful share of outstanding claims, net	-10,625	5,239
Adjustments for decrease (increase) in deferred policy acquisition costs	-1,892	-9,656
Adjustments for decrease (increase) in deferred excess of loss expense	-9	-83
Adjustments for decrease (increase) in unearned commission income	2,758	1,106
Adjustments for movement in gross unearned premiums/ contributions	2,281	91,150
Adjustments for reinsurance/ retakaful share of unearned premiums/ contributions	-13,605	-5,318
Adjustment for changes in other technical reserves	-7,288	-9,137
Adjustments for other changes in operating assets and liabilities, insurance/ takaful operations cash flow	-2,755	-1,656
Total changes in operating assets and liabilities	-14,129	-25,190
Net cash flows from (used in) insurance/ takaful operations	-9,378	-12,812
Other inflows (outflows) of cash classified as operating activities, insurance/ takaful operations cash flow	0	-4,658
Net cash flows from (used in) operating activities, insurance/ takaful operations	-9,378	-17,470
Cash flows from (used in) investing activities, insurance/ takaful operations [abstract]
Time (Murabaha) deposits, insurance/ takaful operations cash flow	-15,370	0
Proceeds from sales of available-for-sale investments, insurance/ takaful operations cash flow	3,922	1,336
Purchase of available-for-sale investments, insurance/ takaful operations cash flow	0	1,327
Purchase of property and equipment, insurance/ takaful operations cash flow	559	1,238
Net cash flows from (used in) investing activities, insurance/ takaful operations	-12,007	-1,229
Cash flows from (used in) financing activities, insurance/ takaful operations [abstract]
Adjustments for decrease (increase) in due from shareholders operations	51,473	-20,936
Due to related party, insurance/ takaful operations cash flow		-1
Net cash flows from (used in) financing activities, insurance/ takaful operations	51,473	-20,935
Increase (decrease) in cash and cash equivalents before effect of exchange rate changes	30,088	-39,634
Net increase (decrease) in cash and cash equivalents	30,088	-39,634
Cash and cash equivalents at beginning of period	207,819	203,466
Cash and cash equivalents at end of period	237,907	163,832

	English [member]	Note No.
Start Date	2022-04-01	2021-04-01
End Date	2022-06-30	2021-06-30
Disclosure of other non-cash information [line items]
Disclosure of other non-cash information, insurance/ takaful operations [text block]	Supplemental non-cash information:Change in fair value of available-for-sale investments 1641 (150) Commission income on statutory deposit 0 0

Start Date	2022-01-01	2021-01-01
End Date	2022-06-30	2021-06-30
Statement of cash flows, indirect method [abstract]
Statement of cash flows [abstract]
Cash flows from (used in) operating activities [abstract]
Net profit (loss) for period [abstract]
Income (loss) from continuing operations before zakat and income tax	-24,936	-7,895
Net profit (loss) for period (before zakat expenses and income tax)	-24,936	-7,895
Adjustments to reconcile profit (loss) [abstract]
Adjustments for realised loss (gain) on available-for-sale investments, shareholders cash flow	-7,198	-2,067
Adjustment for loss (income) from joint ventures and associates, shareholders cash flow	-11,762
Other adjustments for non-cash items	0	-5,388
Total adjustments to reconcile profit (loss)	-18,960	-7,455
Changes in operating assets and liabilities [abstract]
Adjustments for increase (decrease) in accrued expenses and other liabilities, shareholders cash flow	-1,502	149
Adjustments for decrease (increase) in due from insurance/ takaful operations	-51,473	20,936
Adjustments for decrease (increase) in prepayments and other assets, shareholders assets	1,841	-4,343
Total changes in operating assets and liabilities	-51,134	16,742
Net cash flows from (used in) operations	-95,030	1,392
Zakat expenses	3,910	8,585
Net cash flows from (used in) operating activities	-98,940	-7,193
Cash flows from (used in) investing activities [abstract]
Purchase of available-for-sale investments	11,535	1,879
Proceeds from disposal of available-for-sale investments	12,617	13,542
Purchase of held-to-maturity investments	0	9,374
Proceeds from disposal of held-to-maturity investments	1,880
Purchase of term deposits investments	44,696	100,000
Net cash flows from (used in) investing activities	-41,734	-97,711
Cash flows from (used in) financing activities [abstract]
Other inflows (outflows) of cash	0	0
Net cash flows from (used in) financing activities	0	0
Increase (decrease) in cash and cash equivalents before effect of exchange rate changes	-140,674	-104,904
Net increase (decrease) in cash and cash equivalents	-140,674	-104,904
Cash and cash equivalents at beginning of period	271,562	356,604
Cash and cash equivalents at end of period	130,888	251,700

	English [member]	Note No.
Start Date	2022-04-01	2021-04-01
End Date	2022-06-30	2021-06-30
Disclosure of other non-cash information [line items]
Disclosure of other non-cash information, shareholders operations [text block]	Supplemental non-cash information:Change in fair value of available-for-sale investments (3270) 483 Commission income on statutory deposit 278 234

[400100] Notes forming part of accounts

	English [member]	Note No.
Start Date	2022-04-01
End Date	2022-06-30
Notes forming part of accounts [line items]
Disclosure of notes and other explanatory information [text block]
Disclosure of general information about reporting entity [abstract]
Disclosure of general information about reporting entity [text block]	1- Organization and principal activities MalathCooperative Insurance Company (the “Company”) is a Saudi Joint Stock Company established in Riyadh, Kingdom of Saudi Arabia by Royal Decree Number M/60 and incorporated on 21 Rabi Al-Awal 1428H corresponding to 9 April 2007 under Commercial Registration No. 1010231787. The Company’s head office is situated at Mohammad Bin Abdelaziz Street, P.O. Box 99763, Riyadh 11625, and Kingdom of Saudi Arabia.
Disclosure of basis of preparation of financial statements [text block]	2 BASIS OF PREPARATION (a) Basis of presentation and measurement These interim condensed financial information (interim condensed financial statements) of the Company as at and for the period ended 30 June 2022 have been prepared in accordance with International Accounting Standard 34 Interim Financial Reporting (“IAS 34”), as endorsed in the Kingdom of Saudi Arabia by Saudi Organization for Certified Public Accountants (SOCPA). These interim condensed financial statements are prepared under the going concern concept and the historical cost convention, except for the measurement at fair value of available-for-sale investments and employees' end of service benefits measured at present value of future obligations using projected unit credit method. The Company’s interim condensed statement of financial position is not presented using a current/non-current classification. However, the following balances would generally be classified as non-current: Available-for-sale investments, Property and equipment, Statutory deposit, Accrued income on statutory deposit, Employees' end-of-service benefits and Accrued commission income payable to Saudi Central Bank ("SAMA"). All other financial statement line items balances would generally be classified as current. The Company presents its interim condensed statement of financial position in order of liquidity. As required by the law on Supervision of Co-operative Insurance Companies, the Company maintains separate books of accounts for Insurance Operations and Shareholders’ Operations and presents the interim condensed financial statements accordingly (Note 19). Assets, liabilities, revenues and expenses clearly attributable to either activity are recorded in the respective accounts. The basis of allocation of expenses from joint operations is determined and approved by the management and the Board of Directors. The interim condensed statement of financial position, interim condensed statements of income, comprehensive income and cash flows of the insurance operations and shareholders operations which are presented in Note 19 of the interim condensed financial statements have been provided as supplementary financial information to comply with the requirements of the guidelines issued by SAMA implementing regulations and is not required under IFRSs as endorsed in KSA. SAMA implementing regulations requires the clear segregation of the assets, liabilities, income and expenses of the insurance operations and the shareholders operations. Accordingly, the interim condensed statements of financial position, interim condensed statements of income, interim condensed statement of comprehensive income and interim condensed statement of cash flows prepared for the insurance operations and shareholders operations as referred to above, reflect only the assets, liabilities, income, expenses and comprehensive gains or losses of the respective operations. "In preparing the Company-level interim condensed financial statements in compliance with IFRSs as endorsed in KSA, the balances and transactions of the insurance operations are amalgamated and combined with those of the shareholders’ operations. Inter-operation balances and transactions are eliminated in full during amalgamation. The accounting policies adopted for the insurance operations and shareholders operations are uniform for like transactions and events in similar circumstances. " 2 BASIS OF PREPARATION (continued) (b) Functional and presentation currency These interim condensed financial statements have been presented in Saudi Riyals (SR), which is also the functional currency of the Company. All financial information has been rounded off to the nearest thousand, unless otherwise stated. (c) Critical accounting judgments, estimates and assumptions The preparation of the interim condensed financial statements requires the use of estimates and judgments that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the interim condensed financial statements and the reported amounts of revenues and expenses during the reporting period. Although these estimates and judgments are based on management’s best knowledge of current events and actions, actual results ultimately may differ from those estimates. Estimates and judgments are continually evaluated and based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Following are the accounting judgments and estimates that are critical in preparation of these interim condensed financial statements: i) The ultimate liability arising from claims made under insurance contracts The estimation of the ultimate liability arising from claims made under insurance contracts is the Company’s most critical accounting estimate. There are several sources of uncertainty that need to be considered in the estimate of the liability that the Company will ultimately pay for such claims. Estimates are made at the end of the reporting period both for the expected ultimate cost of claim reported and for the expected ultimate costs of Claims Incurred But Not Reported (“IBNR”). Liabilities for unpaid reported claims are estimated using the input of assessments for individual cases reported to the Company. At the end of each reporting period, prior year claim estimates are reassessed for adequacy and changes are made to the provision. The provision for IBNR is an estimation of claims which are expected to be reported subsequent to the date of interim condensed statement of financial position, for which the insured event has occurred prior to the date of interim condensed statement of financial position. The primary technique adopted by management in estimating the cost of notified and IBNR claims, is that of using the past claims settlement trends to predict future claims settlement trends. A range of methods such as Chain Ladder Method, Bornhuetter-Ferguson Method and Expected Loss Ratio Method are used by the actuaries to determine these provisions. The actuary has also used a segmentation approach including analyzing cost per member per year for medical line of business. Underlying these methods are a number of explicit or implicit assumptions relating to the expected settlement amount and settlement patterns of claims. ii) Impairment of available-for-sale investments The Company determines that investments are impaired when there has been a significant or prolonged decline in the fair values of the financial assets below its cost. The determination of what is ‘significant’ or ‘prolonged’ requires judgement. A period of 12 months or longer is considered to be prolonged and a decline of 30% from original cost is considered significant as per Company policy. In making this judgement, the Company evaluates, among other factors, the duration or extent to which the fair value of an investment is less than its cost. 10 2 BASIS OF PREPARATION (continued) (c) Critical accounting judgments, estimates and assumptions (continued) iii) Impairment of receivables A provision for impairment of receivables is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables. Significant financial difficulties of the debtor, probability that the debtor will enter bankruptcy or financial reorganization, and default or delinquency in payments are considered indicators that the receivable is impaired. iv) Fair value of financial instruments Fair values of available-for-sale investments are based on quoted prices for marketable securities or estimated fair values. The fair value of commission-bearing items is estimated based on discounted cash flows using commission for items with similar terms and risk characteristics. v) Deferred policy acquisition costs Certain acquisition costs related to sale of policies are recorded as deferred acquisition costs and are amortized over the related period of policy coverage. If the assumptions relating to future profitability of these policies are not realized, the amortization of these costs could be accelerated and this may also require additional impairment. vi) Premium deficiency reserve Estimation of the premium deficiency reserve is highly sensitive to a number of assumptions as to the future events and conditions. It is based on an expected loss ratio for the unexpired portion of the risks for written policies. To arrive at the estimate of the expected loss ratio, the actuary looks at the claims and premiums relationship which is expected to be realized in the future. vii) Investments in associates An associate is an entity over which the Company has significant influence. Significant influence is the power to participate in the financial and operating policy decisions of the investee, but is not control or joint control over those policies. Judgment is required, particularly where the Company owns shareholding and voting rights and existence of significant indulgence by evidence in one or more of the following ways : "(a) representation on the board of directors or equivalent governing body of the investee;(b) participation in policy-making processes.(c) material transactions between the entity and its investee;(d) interchange of managerial personnel; or(e) provision of essential technical information"
Disclosure of new standards and amendments in standards [text block]	3 SIGNIFICANT ACCOUNTING POLICIES The accounting policies adopted in the preparation of these interim condensed financial statements are consistent with those followed in the preparation of the Company’s annual financial statements for the year ended 31 December 2021, except for the adoption of new standards effective as of 1 January 2022. The Company has not early adopted any standard (interpretation) or amendments that has been issued but which are not yet effective. 11 3 SIGNIFICANT ACCOUNTING POLICIES (continued) a) Amendment to standards and interpretations There are no new standards issued, however, certain amendments to standards and interpretations which are effective from 1 January 2022 and were listed in the Company's annual financial statements of 31 December 2021, but they do not have any impact on the interim condensed financial statements of the Company. b) Standards issued but not yet effective The Company has chosen not to early adopt the amendments and revisions to the IFRSs, which have been published and are mandatory for compliance for the Company with effect from future dates. "STANDARD/INTERPRETATION/AMENDMENTS" DESCRIPTION "EFFECTIVE FROMPERIODS BEGINNING ON OR AFTER THEFOLLOWING DATE" IFRS 9 Financial Instruments (refer below) 1-Jan-20 IFRS 17 Insurance Contracts (refer below) 1-Jan-23 a. IFRS 9 - Financial Instruments The implementation of IFRS 9 is expected to result in a significant portion of financial assets currently classified as available-for-sale being re-classified as at fair value through profit or loss or fair value through other comprehensive income (OCI). Credit allowances for financial assets carried at amortized cost and debt securities measured at fair value, with changes in fair value recognized in OCI, are expected to increase due to the introduction of the expected credit loss methodology. The Company is using the exemptions available to insurers to defer the implementation of IFRS 9 until implementation of IFRS 17. The impact of the adoption of IFRS 9 on the Company’s interim condensed financial statements will, to a large extent, have to take into account the interaction with the IFRS 17 "Insurance contracts". At present the Company has not fully assessed the effects of adoption of IFRS 9. b. IFRS 17 - Insurance Contracts Overview This standard has been published in May, 2017. It establishes the principles for the recognition, measurement, presentation and disclosure of insurance contracts and supersedes IFRS 4 – Insurance contracts. The new standard applies to insurance contracts issued, to all reinsurance contracts and to investment contracts with discretionary participating features, provided the entity also issues insurance contracts. It requires to separate the following components from insurance contracts: i- embedded derivatives, if they meet certain specified criteria; ii- distinct investment components; and iii- any promise to transfer distinct goods or non-insurance services. 12 3 SIGNIFICANT ACCOUNTING POLICIES (continued) b. IFRS 17 - Insurance Contracts (continued) Effective date The effective date of IFRS 17 and the deferral of the IFRS 9 temporary exemption in IFRS 4 is currently for reporting periods beginning on or after January 1, 2023. This is a deferral of 2 year compared to the previous date of January 1, 2021. Earlier application is permitted if both IFRS 15 – Revenue from Contracts with Customers and IFRS 9 – Financial Instruments have also been applied. The Company intends to apply the Standard on its effective date. Transition Retrospective application is required. However, if full retrospective application for a group of insurance contracts is impracticable, then the entity is required to choose either a modified retrospective approach or a fair value approach. Impact The Company carried out assessment for ascertaining the impact of the application and implementation of IFRS 17 on results of the financial year 2018. The Company has also undertaken an initial operational impact gap analysis and currently undergoing through detailed operational and financial impact assessment along with working on planning and design phase to enable the Company to establish required system and processes under IFRS 17. Key gaps and their impact noted so far are as follows: Major areas of design phase Summary of progress Governance and control framework The Company has put in place a comprehensive IFRS 17 governance program which includes establishing oversight steering committee for monitoring the progress of implementation and assigning roles and responsibilities to various stakeholders. Operational area The Company has finalzied of designing operational aspects of the design phase which includes establishing comprehensive data policy and data dictionary and architectural designs for various sub-systems. Technical and financial area The Company has completed various policy papers encompassing various technical and financial matters after concluding on policy decisions required under the IFRS 17 standard. The policy decisions are taken after due deliberations among various stakeholders. Assurance plan "The Company is working along with its other stakeholders to finalize the assurance plan for transitional and post-implementation periods. " 13 3 SIGNIFICANT ACCOUNTING POLICIES (continued) Investments in associates An associate is an entity in which the Company has significant influence (but not control), over financial and operating policies and which is neither a subsidiary nor a joint venture. Investments in associates are carried in the statement of financial position at cost, plus post acquisition changes in the Company’s share of net assets of the associate, less any impairment in the value of individual investments. When the company’s share of losses in an associate equals or exceeds its interest in the associate, including any other unsecured receivables, the Company does not recognize further losses, unless it has incurred legal or constructive obligations or made payments on behalf of the associate. At each reporting date, the Company determines whether there is objective evidence that the investment in associate is impaired. If there is such evidence, the Company calculates the amount of impairment as the difference between the recoverable amount of the associate and its carrying value, and then recognizes the loss in the statement of income, as the case may be At each reporting date, the Company determines whether there is objective evidence that the investment in associate is impaired. If there is such evidence, the Company calculates the amount of impairment as the difference between the recoverable amount of the associate and its carrying value, and then recognises the loss in the consolidated statement of income, as the case may be. "On derecognition the difference between the carrying amount of investment in the associate and the fair value of the consideration received is recognized in the statement of income."
Disclosure of summary of significant accounting policies [abstract]
Description of accounting policy for premiums/ contributions and insurance/ reinsurance or takaful/ retakaful balance receivables [text block]	6 PREMIUMS AND REINSURERS' RECEIVABLE - NET Receivables comprise amounts due from the following: 30 June 31 December 2022 2021 (Unaudited) (Audited) SR (000) Policyholders 273,633 233,414Reinsurers 7,155 1,396Insurance companies 23,662 11,581Agents and brokers 8,741 16,067 313,191 262,458Less: Provision for doubtful receivables - insurance (45,462) (43,287)Provision for doubtful receivables - reinsurers (272) (287) (45,734) (43,574) 267,457 218,884 The movement in the provision for doubtful receivables is as follows: 30 June 31 December 2022 2021 (Unaudited) (Audited) SR (000) Balance at the beginning of the period/year 43,574 36,528 Provision made during the period/year 2,160 7,046 Balance at the end of the period/year 45,734 43,574
Disclosure of notes forming part of accounts [abstract]
Disclosure of investments [text block]	5 MURABAHA DEPOSITS 30 June 31 December 2022 2021 (Unaudited) (Audited) SR (000) Insurance operations Murabaha deposits 144,483 129,113 Shareholders' operations Murabaha deposits 44,696 - Total Murabaha deposits 189,179 129,113 Murabaha deposits have an original maturity of more than three months from the date of acquisition and are subject to an average commission rate of 2.78% per annum as at 30 June 2022 (31 December 2021: 1.57% per annum). The carrying amounts disclosed above are not materially different from their fair values at the date of the interim condensed statement of financial position. 8 AVAILABLE-FOR-SALE INVESTMENTS (continued) Movement in the investments balance is as follows: 30 June 31 December 2022 2021 (Unaudited) (Audited) SR (000) Insurance operations Balance at beginning of the period / year at cost 60,110 53,976 Addition during the period / year - 12,669 Transfer to shareholder investment during the period / year - (1,219)Disposals during the period / year (3,603) (5,316)Balance at end of the period / year at cost 56,507 60,110 Unrealized gain on available-for-sale investments 3,029 1,388 Balance at end of the period / year at fair value 59,536 61,498 Shareholders' operations Balance at beginning of the period / year at cost 100,987 61,909 Addition during the period / year 11,535 57,963 Transfer from policyholder investment during the period / year - 1,219 Value of investment reclassified to investment in associate (Note 9) (1,923) - Disposals during the period / year (5,419) (20,104)Balance at end of the period / year at cost 105,180 100,987 Unrealized loss on available-for-sale investments (4,128) (859)Balance at end of the period / year at fair value 101,052 100,128 9 INVESTMENT IN ASSOCIATES 30 June 31 December 2022 2021 (Unaudited) (Audited) SR (000) Balance at beginning of the period / year - - Value of investment reclassified from available for sale 1,923 - Share of investee's net assets 10,212 - Share of profit for the period / year 977 - Balance at end of the period / year 13,112 - "The investment in associate is solely for shareholders' operation (2021:Nil). The Company exercised significant influence over the investee on 27 January 2022 by representation on the investee's Board of Directors. due to that event the equity method was applied to account for the investment from the event date. That results in increases in the investment to the extent of the interest in the associate's net assets. The company holds 3.45% ownership interest. " The investee summarized financial information as follow: Najm Insurance services (incorporated in Saudi Arabia) Total assets Total liabilities Net assets Total comprehensive income As of / for 957,431 577,358 380,072 28,318 March 31, 2022901,696 549,942 351,754 57,562 Dec 31, 2021The financial information of December 31, 2021 and March 31, 2022 is based on latest avaliable management accounts for the respictive period.
Disclosure of cash and cash equivalents [text block]	4 CASH AND CASH EQUIVALENTS 30 June 31 December 2022 2021 (Unaudited) (Audited) SR (000) Insurance operations Cash in banks 33,736 37,074 Cash on hand 19 19 Short term Murabaha deposits 204,152 170,726 237,907 207,819 Shareholders' operations Cash in banks 59,080 141,930 Short term Murabaha deposits 71,808 129,632 130,888 271,562 Total cash and cash equivalents 368,795 479,381 Short term Murabaha deposits have original maturity of less than three months from the date of acquisition and are subject to an average commission rate of 3.84% per annum as at 30 June 2022 per annum (31 December 2021: 1.73%). The carrying amounts disclosed above are not materially different from their fair values at the date of the interim condensed statement of financial position. Cash at bank includes an amount of SR 6.1 million (Note 20) (2021: SR 732 thousand) that pertains to the company's share of Inherent Defect Insurance (IDI) portfolio.
Disclosure of zakat [text block]	10 PROVISION FOR ZAKAT a) Zakat payable The movement in zakat payable during the period/year was as follows: 30 June 31 December 2022 2021 (Unaudited) (Audited) SR (000) Balance at beginning of the period/year 17,252 20,374 Charge for the period/year 6,500 12,810 Reversal of zakat provision during the period/year - (5,855)Payments during the period/year (3,910) (10,077)Balance at end of the period/year - 19,842 17,252 b) Status of assessments The Company had filed the Zakat return for the years 2016 to 2018 and received a temporary Zakat certificate. No assessments have been received from GAZT to date in respect of these years. For the year 2020, the Company has filed the Zakat return before extended deadline of July 31, 2021 and received temporary Zakat certificate. c) Status of appeals The years from 2016 to 2018: On December 27, 2020, the ZATCA raised its assessments for those years claiming additional zakat liability of Saudi Riyals 3.3 million, then the company has appealed against such assessment within the legally prescribed period. As result, ZATCA has partially accepted the company’s appeal and issued a revised assessment for the company’s favor which resulted an overpaid amount of Saudi Riyals 1.5 million for the company. However, the company has decided to escalate the case to the GSTC and the case still under the GSTC committees’ study. The years 2019 & 2020: On September 30, 2021, the Zakat, Tax and Customs Authority ("ZATCA") raised its assessments for those years claiming additional zakat liability of Saudi Riyals 5.2 million, then the company has appealed against such assessment within the legally prescribed period. As result, ZATCA has partially accepted the company’s appeal and issued a revised assessment through which the additional zakat liability has reduced to Saudi Riyals 4.9 million knowing that the company has already settled along with the appeal an amount of Saudi Riyals 1.3 million which represents 25% of the disputed additional zakat liability as per the original assessment to fulfil the formality conditions of appeal submission stated in the zakat regulations, and the company has escalated its appeal case to the GSTC and the case still under the GSTC committees’ study.
Disclosure of classes of share capital [text block]	11 SHARE CAPITAL As at 31 March 2022 and 31 December 2021, the issued and paid up share capital of the Company amounts to SR 500 million, divided into 50 million ordinary shares of SR 10 each.
Disclosure of statutory reserve [text block]	13 STATUTORY RESERVE In accordance with the Company’s By-Laws and in compliance with Article 70(2)(g) of the Insurance Implementing Regulations issued by SAMA, the Company is required to allocate 20% of its net income for the year to the statutory reserve until it equals the value of share capital and such transfer is only made at year end. The statutory reserve is not available for distribution to shareholders until liquidation of the Company.
Disclosure of technical reserve for insurance/takaful/reinsurance/retakaful operations [text block]	7 TECHNICAL RESERVES a) Outstanding claims and reserves 30 June 31 December 2022 2021 (Unaudited) (Audited) SR (000) Outstanding claims 79,464 59,549 Claims incurred but not reported (IBNR) 222,147 209,110 Additional premium reserves 20,687 28,412 Other technical reserves 4,869 4,432 327,167 301,503 Reinsurers' share of outstanding claims (96,148) (90,130)Reinsurers' share of claims incurred but not reported (25,409) (20,802) (121,557) (110,932)Net outstanding claims and reserves 205,610 190,571 b) Unearned premiums 30 June 2022 (Unaudited) Gross Reinsurers' share Net SR (000) Unearned premiums at beginning of the period 427,085 (14,487) 412,598 Premiums written during the period 483,899 (48,046) 435,853 Premiums earned during the period (481,618) 34,441 (447,177)Unearned premiums at end of the period 429,366 (28,092) 401,274 31 December 2021 (Audited) Gross Reinsurers' share Net SR (000) Unearned premiums at beginning of the year 330,974 (17,051) 313,923 Premiums written during the year 942,107 (64,720) 877,387 Premiums earned during the year (845,996) 67,284 (778,712)Unearned premiums at end of the year 427,085 (14,487) 412,598 c) Unearned reinsurance commission 30 June 31 December 2022 2021 (Unaudited) (Audited) SR (000) Balance at beginning of the period/year 3,488 4,001 Commission received during the period/year 9,831 7,810 Commission earned during the period/year (7,073) (8,323)Balance at end of the period/year 6,246 3,488
Disclosure of entity's operating segments [text block]	18 SEGMENT INFORMATION Consistent with the Company's internal reporting process, operating segments have been approved by management in respect of the Company's activities, assets and liabilities as stated below. Segment results do not include income from investments, income from Murabaha deposits, other income, general and administrative expenses, and provision for doubtful debts. Segment results do not include commission on short-term Murabaha deposits. Segment assets do not include insurance operations’ cash and cash equivalents, Murabaha deposits, available for sale investments, premium and reinsurers' receivable net, prepayments and other assets and property and equipment. Accordingly, they are included in unallocated assets. Segment liabilities do not include reinsurance balances payable, policyholders claims payable, accrued and other liabilities, accumulated surplus and due to related parties. Accordingly, they are included in unallocated liabilities. These unallocated assets and liabilities (including the related charges for provision for doubtful debts on premiums and reinsurers’ receivable and depreciation on the property and equipment) are not reported to Chief Executive Officer under related segments and are monitored on a centralized basis. 18 SEGMENT INFORMATION (continued) Six-months period ended 30 June 2022 (Unaudited) Property & Operating segment Medical Motor casualty Total SR (000) Revenues Gross premiums written 295,190 136,829 51,880 483,899 -Individuals 6,121 84,195 7 90,323 -Very small enterprises 2,486 908 3 3,397 -Small enterprises 36,768 20,161 563 57,492 -Medium enterprises 61,078 10,161 3,515 74,754 -Corporates 188,737 21,404 47,792 257,933 295,190 136,829 51,880 483,899 Reinsurance premiums ceded - Local - - (3,964) (3,964) - International (6) - (40,045) (40,051) (6) - (44,009) (44,015)Excess of loss expenses - Local (271) (196) (76) (543) - International (271) (2,485) (732) (3,488) (542) (2,681) (808) (4,031)Net premiums written 294,642 134,148 7,063 435,853 Movement in unearned premiums, net (81,387) 93,908 (1,197) 11,324 Net premiums earned 213,255 228,056 5,866 447,177 Reinsurance commissions - - 7,073 7,073 Other underwriting income 746 65 1,039 1,850 Net revenues 214,001 228,121 13,978 456,100 Underwriting costs and expenses Gross claims paid (123,836) (262,287) 1,798 (384,325)Reinsurers' share of claims paid 844 5,384 (2,104) 4,124 Net claims paid (122,992) (256,903) (306) (380,201)Movement in outstanding claims, net (28,741) 14,346 497 (13,898)Movement in claims incurred but not reported, net (7,568) 1,050 (1,912) (8,430)Movement in additional premium reserve (3,474) 11,043 156 7,725 Movement in other technical reserves (162) 16 (291) (437)Net claims incurred (162,937) (230,448) (1,856) (395,241) Policy acquisition costs (13,601) (14,551) (4,652) (32,804)Other underwriting expense (196) (17,069) (12) (17,277)Total underwriting costs and expenses (176,734) (262,068) (6,520) (445,322)Net underwriting income 37,267 (33,947) 7,458 10,778 Unallocated revenue 31,389 Unallocated expenses (67,103)Total loss before Zakat for the period (24,936) 24 18 SEGMENT INFORMATION (Continued) Six-months period ended 30 June 2021 (Unaudited) Property & Operating segment Medical Motor casualty Total SR (000) Revenues Gross premiums written -Individuals 311 106,653 174 107,138 -Very small enterprises 1,105 1,030 33 2,168 -Small enterprises 18,521 10,294 413 29,228 -Medium enterprises 35,300 8,106 3,332 46,738 -Corporates 171,970 92,767 36,226 300,963 227,207 218,850 40,178 486,235 Reinsurance premiums ceded - Local - - (3,008) (3,008) - International (65) - (32,068) (32,133) (65) - (35,076) (35,141)Excess of loss expenses - Local (215) (581) (112) (908) - International (284) (5,820) (1,299) (7,403) (499) (6,401) (1,411) (8,311) Net premiums written 226,643 212,449 3,691 442,783 Movement in unearned premiums, net (64,135) (21,572) (125) (85,832)Net premiums earned 162,508 190,877 3,566 356,951 Reinsurance commissions - - 6,787 6,787 Other underwriting income 175 88 234 497 Net revenues 162,683 190,965 10,587 364,235 Underwriting costs and expenses Gross claims paid (159,159) (186,966) (12,824) (358,949)Reinsurers' share of claims paid 1,368 873 9,142 11,383 Net claims paid (157,791) (186,093) (3,682) (347,566)Movement in outstanding claims, net 22,533 12,466 3,533 38,532 Movement in IBNR, net 13,847 (6,823) 455 7,479 Movement in additional premium reserve 4,079 5,381 (545) 8,915 Movement in other technical reserve 289 (142) 75 222 Net claims incurred (117,043) (175,211) (164) (292,418)Policy acquisition costs (11,604) (13,383) (4,572) (29,559)Other underwriting expense - (5,679) - (5,679)Total underwriting costs and expenses (128,647) (194,273) (4,736) (327,656) Net underwriting income 34,036 (3,308) 5,851 36,579 Unallocated revenue 24,314 Unallocated expenses (68,788)Total loss before Zakat for the period (7,895) 25 18 SEGMENT INFORMATION (continued) As at 30 June 2022 (Unaudited) Property & Operating segment Medical Motor casualty Total SR (000) Assets Reinsurer's share of unearned premiums 12 - 28,080 28,092 Reinsurers' share of outstanding claims 2,768 22,202 71,178 96,148 Reinsurers' share of claims incurred but not reported - - 25,409 25,409 Deferred policy acquisition costs 14,704 9,073 3,733 27,510 Segment assets 17,484 31,275 128,400 177,159 Unallocated assets 1,141,867 Total assets 1,319,026 Liabilities Unearned premiums 236,131 160,592 32,643 429,366 Unearned reinsurance commission - - 6,246 6,246 Outstanding claims 60,758 (57,713) 76,419 79,464 Claims incurred but not reported (IBNR) 41,945 151,434 28,768 222,147 Additional premium reserves 3,704 15,965 1,018 - 20,687 Other technical reserves 532 2,434 1,903 4,869 Segment liabilities 343,070 272,712 146,997 762,779 Unallocated liabilities 218,308 Total equity 337,939 Total liabilities and equity 1,319,026 26 18 SEGMENT INFORMATION (continued) As at 31 December 2021 (Audited) Property & Operating segment Medical Motor casualty Total SR (000) Assets Reinsurers' share of outstanding claims 2,685 18,221 69,224 90,130 Reinsurers' share of IBNR - - 20,802 20,802 Reinsurers' share of unearned premiums 7 - 14,480 14,487 Deferred policy acquisition costs 10,000 13,417 2,201 25,618 Segment assets 12,692 31,638 106,707 151,037 Unallocated assets 1,155,303 Total assets 1,306,340 Liabilities Unearned premiums 154,739 254,500 17,846 427,085 Unearned reinsurance commission - - 3,488 3,488 Outstanding claims 31,935 (47,348) 74,962 59,549 Claims incurred but not reported 34,377 152,484 22,249 209,110 Additional premium reserves 230 27,008 1,174 - 28,412 Other technical reserves 370 2,450 1,612 4,432 Segment liabilities 221,651 389,094 121,331 732,076 Unallocated liabilities and surplus 202,688 Total equity 371,576 Total liabilities and equity 1,306,340 18 SEGMENT INFORMATION (continued) Three-months period ended 30 June 2022 (Unaudited) Property & Operating segment Medical Motor casualty Total SR (000) Revenues Gross premiums written - - - - - - -Individuals 6,036 - 36,342 - - - 42,378 -Very small enterprises 1,018 - 248 - 3 - 1,269 -Small enterprises 16,632 - 9,981 - 301 - 26,914 -Medium enterprises 28,399 - 4,046 - 2,098 - 34,543 -Corporates 74,561 - 6,466 - 11,374 - 92,401 126,646 57,083 13,776 197,505 Reinsurance premiums ceded - Local - - - - (1,495) - (1,495) - International (3) - - - (9,392) - (9,395) (3) - (10,887) (10,890)Excess of loss expenses - Local (138) - (98) - (38) - (274) - International (138) - (1,243) - (366) - (1,747) (276) (1,341) (403) (2,020)Net premiums written 126,367 55,742 2,486 184,595 Movement in unearned premiums, net (11,082) - 49,736 - 1,011 - 39,665 Net premiums earned 115,285 105,478 3,497 224,260 Reinsurance commissions - - - - 3,710 - 3,710 Other underwriting income 516 - 32 - 838 - 1,386 Net revenues 115,801 105,510 8,045 229,356 Underwriting costs and expenses Gross claims paid (59,780) - (129,850) - 3,052 - (186,578)Reinsurers' share of claims paid (1,429) - 4,584 - (3,067) - 88 Net claims paid (61,209) (125,266) (15) (186,490)Movement in outstanding claims, net (12,857) - 10,738 - 82 - (2,037)Movement in IBNR, net (3,340) - 7,751 - (2,060) - 2,351 Movement in additional premium reserve 1,342 - 1,921 - 225 - 3,488 Movement in other technical reserve (72) - 124 - (102) - (50)Net claims incurred (76,136) (104,732) (1,870) (182,738)Policy acquisition costs (7,154) - (6,456) - (2,456) - (16,066)Other underwriting expense (196) - (8,920) - (10) - (9,126)Total underwriting costs and expenses (83,486) (120,108) (4,336) (207,930)Net underwriting income 32,315 (14,598) 3,709 21,426 Unallocated revenue 6,556 Unallocated expenses (31,918)Total loss before Zakat for the period (3,936) 28 18 SEGMENT INFORMATION (Continued) Three-months period ended 30 June 2021 (Unaudited) Property & Operating segment Medical Motor casualty Total SR (000) Revenues Gross premiums written 62,556 130,646 16,410 209,612 -Individuals 126 52,793 98 53,017 -Very small enterprises 339 356 - 695 -Small enterprises 6,732 6,184 258 13,174 -Medium enterprises 14,011 2,407 1,852 18,270 -Corporates 64,836 37,394 8,519 110,749 86,044 99,134 10,727 195,905 Reinsurance premiums ceded - Local - - (1,016) (1,016) - International (9) - (7,880) (7,889) (9) - (8,896) (8,905)Excess of loss expenses - Local (125) (181) (64) (370) - International (125) (2,017) (572) (2,714) (250) (2,198) (636) (3,084) (250) (2,198) (636) (3,084)Net premiums written 85,785 96,936 1,195 183,916 Movement in unearned premiums, net (1,622) 2,951 1,015 2,344 Net premiums earned 84,163 99,887 2,210 186,260 Reinsurance commissions - - 4,190 4,190 Other underwriting income 45 10 10 65 Net revenues 84,208 99,897 6,410 190,515 Underwriting costs and expenses Gross claims paid (61,002) (93,099) (5,627) (159,728)Reinsurers' share of claims paid 350 873 4,803 6,026 Net claims paid (60,652) (92,226) (824) (153,702)Movement in outstanding claims, net (655) 2,273 1,773 3,391 Movement in IBNR, net (2,726) (3,284) (121) (6,131)Movement in additional premium reserve (3,104) (936) 672 (3,368)Movement in other technical reserve (32) (68) 33 (67)Net claims incurred (67,169) (94,241) 1,533 (159,877)Policy acquisition costs (5,919) (7,369) (2,749) (16,037)Other underwriting expense 4,198 4,198 Total underwriting costs and expenses (73,088) (97,412) (1,216) (171,716)Net underwriting income 11,120 2,485 5,194 18,799 Unallocated revenue 15,583 Unallocated expenses (42,981)Total income for the period (8,599)
Disclosure of comparative figures [text block]	21 COMPARATIVE FIGURES Certain comparative figures have been reclassified and regrouped to conform with the current year's presentation to these financial statements.
Disclosure of board of director's approval of the financial statements [text block]	22 APPROVAL OF INTERIM CONDENSED FINANCIAL STATEMENTS The interim condensed financial statements were approved by the Board of Directors on Muharram 18, 1444 H corresponding to August 16, 2022.

[100010] Filing information	[200100] Independent auditors report	[300100] Statement of financial position, order of liquidity
[300200] Statement of insurance/ takaful operations, nature of expense	[300300] Statement of shareholders operations, nature of expense	[300400] Statement of other comprehensive income, before tax, insurance operations
[300500] Statement of other comprehensive income, before tax, shareholders operations	[300600] Statement of cash flows, indirect method, insurance operations	[300700] Statement of cash flows, indirect method, shareholders operations
[300800] Statement of changes in equity	[400100] Notes forming part of accounts