	English [member]
Start Date	2018-01-01	2017-01-01
End Date	2018-03-31	2017-03-31
Filing information [line items]
Disclosure of entity information [abstract]
Name of reporting entity	Al Sagr Cooperative Insurance Co.
Company symbol code\| ISIN code	8180 \| SA11T053VQ13
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 1
Reporting period start date	2018-01-01	2017-01-01
Reporting period end date	2018-03-31	2017-03-31
Description of nature of financial statements	Standalone
Status of financial statements	Reviewed
Description of presentation currency	Saudi Arabia, Riyals
Level of rounding used in financial statements	Actuals

	Primary auditor [member]	Primary auditor [member]	Second primary auditor [member]	Second primary auditor [member]
	English [member]		English [member]
Start Date	2018-01-01	2018-01-01	2018-01-01	2018-01-01
End Date	2018-03-31	2018-03-31	2018-03-31	2018-03-31
Auditors information [line items]
Details of auditors signing report [abstract]
Name of auditor signing report	Waleed G. Tawfiq		Ibrahim Ahmed Al Bassam
Registration number of auditor	437		337
Details of audit firm [abstract]
Name of audit firm	Ernst & Young		for PKF Al-Bassam & Co. Allied Accountants
Address of audit firm	Al Khobar		Al Khobar

	English [member]
Start Date	2018-01-01
End Date	2018-03-31
Auditors report [line items]
Disclosures of auditors report [text block]	We have reviewed the accompanying interim statement of financial position of Al Sagr Cooperative Insurance Company, a Saudi Joint Stock Company (the “Company”) as at 31 March 2018, and the related interim statements of income and comprehensive income and the related interim statement of changes in shareholders’ equity and interim statement of cash flows for the three-month period then ended, and a summary of significant accounting policies and other explanatory notes.
Contents of auditors report [abstract]
Nature of auditors opinion	Unmodified opinion
Auditors opinion	Based on our review, nothing has come to our attention that causes us to believe that the accompanying interim condensed financial statements are not prepared, in all material respects in accordance with IAS 34 as modified by SAMA for the accounting of zakat and income tax.
Basis of opinion	We conducted our review in accordance with International Standard on Review Engagements 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity”, as endorsed in the Kingdom of Saudi Arabia. A review of interim financial information 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 as 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.
Responsibilities of management and those charged with governance for financial statements	Management is responsible for the preparation and fair presentation of these interim condensed financial statements in accordance with International Accounting Standard 34, "Interim Financial Reporting" ("IAS 34") as modified by Saudi Arabian Monetary Authority ("SAMA") for the accounting of zakat and income tax.
Auditors responsibilities for audit of financial statements	Our responsibility is to express a conclusion on these interim condensed financial statements based on our review.
Date of signing audit report by auditor	2018-05-13

Start Date	2018-01-01	2017-01-01	2017-01-01
End Date	2018-03-31	2017-12-31	2017-03-31
Statement of financial position [abstract]
Assets [abstract]
Insurance/ takaful operations assets [abstract]
Property and equipment, net, insurance/ takaful operations assets	4,776,600	4,630,779	3,258,163
Investments held-to-maturity, insurance/ takaful operations assets	31,000,000	31,000,000	31,000,000
Deferred policy acquisition costs	8,196,781	10,064,850	8,191,867
Reinsurers/ retakaful share of unearned premiums/ contributions	7,731,847	11,579,327	10,046,020
Prepayments and other assets, insurance/ takaful operations assets	18,600,041	13,152,834	13,378,506
Due from shareholders operations	19,346,219	19,610,257	0
Premiums/ insurance receivables/takaful contributions receivable, net	57,845,952	49,824,460	54,999,526
Reinsurers/ retakaful share of outstanding claims/ benefits, net	18,045,495	19,710,885	18,507,293
Time (Murabaha) deposits, insurance/ takaful operations assets	194,250,000	111,250,000	289,137,035
Available-for-sale investments, insurance/ takaful operations assets	11,232,227	10,082,967	10,378,687
Investments held at fair value through statement of income, insurance/ takaful operations assets	23,048,272	22,768,403	22,229,944
Cash and cash equivalents, insurance/ takaful operations assets	141,311,103	235,447,112	77,882,096
Total insurance/ takaful operations assets	535,384,537	539,121,874	539,009,137
Shareholders assets [abstract]
Investments held-to-maturity, shareholders assets	80,000,000	80,000,000	80,000,000
Goodwill	25,513,750	25,513,750	25,513,750
Statutory deposit	25,000,000	25,000,000	25,000,000
Prepayments and other assets, shareholders assets	5,632,297	3,491,455	6,907,623
Investments held at fair value through statement of income, shareholders assets	15,695,156	15,695,156	14,298,670
Time (Murabaha) deposits, shareholders assets	210,000,000	210,000,000	144,834,059
Available-for-sale investments, shareholders assets	21,298,712	19,227,743	19,962,888
Due from insurance/ takaful operations assets	165,248,817	158,307,995	193,876,332
Cash and cash equivalents, shareholders assets	16,288,623	16,353,394	65,538,922
Total shareholders assets	564,677,355	553,589,493	575,932,244
Total assets	1,100,061,892	1,092,711,367	1,114,941,381
Liabilities and equity [abstract]
Insurance/ takaful operations liabilities and surplus (deficit) [abstract]
Insurance/ takaful operations liabilities [abstract]
Gross unearned premiums/ contributions	123,445,319	143,345,345	117,451,047
Unearned commission income	1,312,418	1,457,951	1,793,269
Employees end of service benefits, insurance/ takaful operations liabilities	7,193,724	6,798,528	8,927,232
Technical reserve for insurance/takaful operations	10,290,297	6,991,534	4,423,395
Due to shareholders operations	165,248,817	158,307,995	193,876,332
Reinsurers/ retakaful balance payable	3,678,042	2,804,815	3,571,211
Gross outstanding claims/ benefits including IBNR payable	143,144,099	143,119,028	134,951,768
Other technical reserves	1,577,495	1,608,373	701,329
Accrued expenses payable, insurance/ takaful operations liabilities	24,768,016	21,350,890	22,874,929
Other liabilities, insurance/ takaful operations	5,554,497	5,365,598	3,727,711
Total insurance/ takaful operations liabilities	486,212,724	491,150,057	492,298,223
Insurance/ takaful operations surplus (deficit) [abstract]
Surplus (deficit) from insurance/ takaful fund	46,625,178	46,196,541	47,576,655
Fair value reserves on investments	870,137	98,778	-865,741
Other insurance/ takaful operations surplus (deficit)	1,676,498	1,676,498	0
Total insurance/ takaful operations surplus (deficit)	49,171,813	47,971,817	46,710,914
Total insurance/ takaful operations liabilities and surplus (deficit)	535,384,537	539,121,874	539,009,137
Shareholders liabilities and equity [abstract]
Shareholders liabilities [abstract]
Zakat payable	62,698,667	59,324,895	60,520,161
Due to insurance/ takaful operations	19,346,219	19,610,257	0
Dividend payable	310,334	310,334	193,308
Due to related parties, shareholders liabilities	1,123,750	1,123,750	1,123,750
Accrued expenses payable, shareholders liabilities	5,932,015	5,800,873	4,037,999
Total shareholders liabilities	89,410,985	86,170,109	65,875,218
Shareholders equity [abstract]
Equity attributable to owners of parent [abstract]
Share capital	250,000,000	250,000,000	250,000,000
Statutory reserve	79,514,482	78,342,202	77,044,583
Fair value reserve on investments, shareholders equity	2,693,958	708,374	-165,888
Retained earnings (accumulated losses)	143,057,930	138,368,808	183,178,331
Total equity attributable to equity holders of company	475,266,370	467,419,384	510,057,026
Total shareholders liabilities and equity	564,677,355	553,589,493	575,932,244
Total insurance/ takaful operations liabilities, surplus (deficit) and shareholders liabilities and equity	1,100,061,892	1,092,711,367	1,114,941,381

Start Date	2018-01-01	2017-01-01
End Date	2018-03-31	2017-03-31
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	64,144,201	92,825,344
Excess of loss expense	1,683,379	5,638,641
Reinsurance/ retakaful premiums ceded	4,199,859	5,347,750
Net premiums/ contributions written	58,260,963	81,838,953
Changes in unearned premiums/ contributions	-19,900,026	50,429,572
Reinsurance/ retakaful share of unearned premiums/ contributions	3,847,480	4,516,615
Net premiums/ contributions earned	74,313,509	26,892,766
Reinsurance/ retakaful commissions	1,118,848	1,558,765
Investment income from insurance/ takaful operations, net	2,450,088	2,896,259
Other non-operating income from insurance/ takaful operations	318,962	954,616
Total income from insurance/ takaful operations	78,201,407	32,302,406
Cost and expenses [abstract]
Net claims/ benefits incurred [abstract]
Net claims/ benefits paid [abstract]
Gross claims/ benefits paid	49,532,348	49,148,389
Reinsurance/ retakaful share of gross claims/ benefits paid	5,729,882	7,690,459
Net claims/ benefits paid	43,802,466	41,457,930
Changes in outstanding claims/ benefits including IBNR	25,071	-24,691,392
Changes in reinsurance/ retakaful share of outstanding claims/ benefits	1,665,390	888,630
Changes in other technical reserves	-30,878	0
Changes in other reserves	3,298,763	-727,554
Net claims/ benefits incurred	48,760,812	16,927,614
Policy acquisition costs	6,134,557	2,987,741
Supervision and inspection fees	1,638,925	467,774
Depreciation/ amortisation, insurance/ takaful operations	346,692	249,181
General and administrative expenses, insurance/ takaful operations	13,608,396	7,308,649
Total cost and expenses	70,489,382	27,940,959
Surplus (deficit) for period from insurance/ takaful operations	7,712,025	4,361,447
Shareholders appropriation from insurance/ takaful operations surplus (deficit)	6,940,822	3,925,302
Net result for period from insurance/ takaful operations after shareholders appropriation	771,203	436,145
Policyholders share of accumulated surplus, at start of period		47,140,510
Policyholders share of accumulated surplus, at end of period	771,203	47,576,655

Start Date	2018-01-01	2017-01-01
End Date	2018-03-31	2017-03-31
Statement of shareholders operations [abstract]
Profit (loss) [abstract]
Income (loss) from continuing operations [abstract]
Shareholders appropriation of surplus (deficit) transferred from insurance/ takaful operations	6,940,822	3,925,302
Revenue [abstract]
Investment income	2,285,464	1,835,260
Realised gain (loss) on available-for-sale investments	327,467	0
Total revenue	2,612,931	1,835,260
Expenses [abstract]
General and administrative expenses, shareholders operations	282,351	674,198
Total expenses	282,351	674,198
Income (loss) from continuing operations before zakat and income tax	9,271,402	5,086,364
Profit (loss) from continuing operations	9,271,402	5,086,364
Profit (loss) for the period	9,271,402	5,086,364
Profit (loss), attributable to [abstract]
Profit (loss), attributable to saudi shareholders of company	9,271,402	5,086,364
Profit (loss), attributable to non-saudi shareholders of company	0	0
Earnings per share [abstract]
Basic earnings (loss) per share [abstract]
Basic earnings (loss) per share from continuing operations	0.37	0.2
Total basic earnings (loss) per share	0.37	0.2
Weighted average number of equity shares outstanding	25000000	25000000

Start Date	2018-01-01	2017-01-01
End Date	2018-03-31	2017-03-31
Statement of other comprehensive income, before tax [abstract]
Net result for period from insurance/ takaful operations after shareholders appropriation	771,203	436,145
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	771,359	-48,215
Total other comprehensive income (loss), available-for-sale financial assets	771,359	-48,215
Total other comprehensive income (loss), that will be reclassified to profit or loss	771,359	-48,215
Total other comprehensive income (loss)	771,359	-48,215
Total comprehensive income (loss) for period	1,542,562	387,930

Start Date	2018-01-01	2017-01-01
End Date	2018-03-31	2017-03-31
Statement of other comprehensive income, before tax [abstract]
Statement of comprehensive income [abstract]
Profit (loss) for the period	9,271,402	5,086,364
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	1,985,584	-99,601
Total other comprehensive income (loss), available-for-sale financial assets	1,985,584	-99,601
Total other comprehensive income (loss), that will be reclassified to profit or loss	1,985,584	-99,601
Total other comprehensive income (loss)	1,985,584	-99,601
Total comprehensive income (loss) for period	11,256,986	4,986,763
Total comprehensive income (loss) attributable to [abstract]
Total comprehensive income (loss), attributable to saudi shareholders of company	11,256,986	4,986,763
Total comprehensive income (loss), attributable to non-saudi shareholders of company	0	0

Start Date	2018-01-01	2017-01-01
End Date	2018-03-31	2017-03-31
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	771,203	436,145
Adjustments to reconcile net income to net cash from insurance/ takaful operations after shareholders appropriation
Adjustments for depreciation, insurance/ takaful operations cash flow	346,692	249,181
Adjustments for unrealised (gains) losses on investments held as fair value through statement of income	-336,314	-135,654
Adjustments for employees end of service benefits	395,196	295,106
Adjustments for allowance for doubtful receivables	968,690	-3,416,333
Total adjustments to reconcile net income to net cash from insurance/ takaful operations after shareholders appropriation	1,374,264	-3,007,700
Changes in operating assets and liabilities [abstract]
Adjustments for decrease (increase) in premium receivables, net	-9,307,181	-7,382,768
Adjustments for decrease (increase) in prepayments and other assets	-5,447,207	-800,738
Adjustments for increase (decrease) in outstanding claims including IBNR	25,071	-24,691,392
Adjustments for increase (decrease) in reinsurers/ retakaful balance payable	873,227	-31,798
Adjustments for increase (decrease) in accrued expenses and other liabilities	3,417,126	6,068,785
Adjustments for decrease (increase) in reinsurers/ retakaful share of outstanding claims, net	1,665,390	888,630
Adjustments for decrease (increase) in deferred policy acquisition costs	1,868,069	-3,699,495
Adjustments for decrease (increase) in unearned commission income	-145,533	-214,995
Adjustments for decrease (increase) in due from shareholders operations	264,038	9,266,334
Adjustments for increase (decrease) in due to shareholders operations	6,940,822	3,925,302
Adjustments for movement in gross unearned premiums/ contributions	-19,900,026	50,429,572
Adjustments for reinsurance/ retakaful share of unearned premiums/ contributions	3,847,480	4,516,615
Adjustment for changes in other technical reserves	-30,878	0
Adjustment for changes in other reserves	3,298,763	-727,554
Adjustments for other changes in operating assets and liabilities, insurance/ takaful operations cash flow	163,332	-415,180
Total changes in operating assets and liabilities	-12,467,507	37,131,318
Net cash flows from (used in) insurance/ takaful operations	-10,322,040	34,559,763
Net cash flows from (used in) operating activities, insurance/ takaful operations	-10,322,040	34,559,763
Cash flows from (used in) investing activities, insurance/ takaful operations [abstract]
Time (Murabaha) deposits, insurance/ takaful operations cash flow	-83,000,000	-30,000,000
Proceeds from sales of available-for-sale investments, insurance/ takaful operations cash flow	8,386,034
Purchase of available-for-sale investments, insurance/ takaful operations cash flow	8,707,490
Purchase of property and equipment, insurance/ takaful operations cash flow	492,513	330,375
Net cash flows from (used in) investing activities, insurance/ takaful operations	-83,813,969	-30,330,375
Cash flows from (used in) financing activities, insurance/ takaful operations [abstract]
Adjustments for decrease (increase) in due from shareholders operations	0	0
Adjustments for increase (decrease) in due to shareholders operations	0	0
Due to related party, insurance/ takaful operations cash flow	0	0
Surplus paid to policyholders	0	0
Payments to acquire or redeem treasury shares	0	0
Other inflows (outflows) of cash classified as financing activities, insurance/ takaful operations cash flow	0	0
Net cash flows from (used in) financing activities, insurance/ takaful operations	0	0
Increase (decrease) in cash and cash equivalents before effect of exchange rate changes	-94,136,009	4,229,388
Net increase (decrease) in cash and cash equivalents	-94,136,009	4,229,388
Cash and cash equivalents at beginning of period	235,447,112	73,652,708
Cash and cash equivalents at end of period	141,311,103	77,882,096

Start Date	2018-01-01	2017-01-01
End Date	2018-03-31	2017-03-31
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	9,271,402	5,086,364
Net profit (loss) for period (before zakat expenses and income tax)	9,271,402	5,086,364
Adjustments to reconcile profit (loss) [abstract]
Adjustments for realised loss (gain) on available-for-sale investments, shareholders cash flow	-327,467	0
Total adjustments to reconcile profit (loss)	-327,467	0
Changes in operating assets and liabilities [abstract]
Adjustments for increase (decrease) in accrued expenses and other liabilities, shareholders cash flow	131,142	468,214
Adjustments for decrease (increase) in due from insurance/ takaful operations	-6,940,822	-3,925,302
Adjustments for increase (decrease) in due to insurance/ takaful operations	-264,038	-9,266,334
Adjustments for decrease (increase) in prepayments and other assets, shareholders assets	-2,009,700	-3,195,841
Total changes in operating assets and liabilities	-9,083,418	-15,919,263
Net cash flows from (used in) operations	-139,483	-10,832,899
Zakat expenses	36,228	0
Net cash flows from (used in) operating activities	-175,711	-10,832,899
Cash flows from (used in) investing activities [abstract]
Purchase of available-for-sale investments	1,816,841	774,049
Proceeds from disposal of available-for-sale investments	2,058,923
Acquistion of murabaha/ time deposits	0	-63,914,389
Other inflows (outflows) of cash	-131,142	-147,214
Net cash flows from (used in) investing activities	110,940	62,993,126
Cash flows from (used in) financing activities [abstract]
Proceeds from issuing shares	0	0
Due to reinsurance/ retakaful operations	0	0
Payment of transaction costs	0	0
Payment of due to others	0	0
Proceeds from issuing other equity instruments	0	0
Payments to acquire or redeem entity's shares	0	0
Payments of other equity instruments	0	0
Proceeds from borrowings	0	0
Repayments of borrowings	0	0
Payments of finance lease liabilities	0	0
Dividends paid	0	0
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	-64,771	52,160,227
Net increase (decrease) in cash and cash equivalents	-64,771	52,160,227
Cash and cash equivalents at beginning of period	16,353,394	13,378,695
Cash and cash equivalents at end of period	16,288,623	65,538,922

[400100] Notes forming part of accounts

English [member]

Note No.

Start Date

2018-01-01

End Date

2018-03-31

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 ACTIVITES

Al Sagr Cooperative Insurance Company ("the Company") is a Saudi Joint Stock Company established in Dammam, Kingdom of Saudi Arabia and incorporated on 26 Muharram 1429H (corresponding to 4 February 2008) under Commercial Registration No. 1010243765 which was later amended to 2051036871 dated 22 Rabi' I 1429H (corresponding to 30 March 2008). The Company has been licensed to conduct cooperative insurance business in the Kingdom of Saudi Arabia under cooperative principles in accordance with Royal Decree number 60/M dated 18 Ramadan 1427H (corresponding to 11 October 2006), pursuant to Council of Ministers resolution number 233 dated 16 Ramadan 1427H (corresponding to 9 October 2006). The Company's principal place of business is in Dammam, Kingdom of Saudi Arabia.

The purpose of the Company is to transact in cooperative insurance and reinsurance operations and all related activities in accordance with the Law on Supervision of Cooperative Insurance Companies in the Kingdom of Saudi Arabia ("the Law") and its implementing regulations. The Company was granted the license to practice insurance and reinsurance business from Saudi Arabian Monetary Agency ("SAMA") on 23 Rabi' I 1429H (corresponding to 31 March 2008). On 11 Ramadan 1436H (corresponding to 28 June 2015) the Company received approval from SAMA to cancel its reinsurance license.

The Board of Directors approved the distribution of the surplus from insurance operations in accordance with the Implementing Regulations issued by SAMA, whereby the shareholders of the Company are to receive 90% of the annual surplus from insurance operations and the policy holders are to receive the remaining 10%. Any deficit arising on insurance operations is transferred to the shareholders’ operations in full.

The Company commenced insurance operations on 4 Muharram 1430H (corresponding to 1 January 2009).

Disclosure of basis of preparation of financial statements [text block]

2.1 Basis of preparation

i. The interim condensed financial statements for the three-month period ended 31 March 2018 of the Company has been prepared in accordance with ‘International Accounting Standard 34 - Interim Financial Reporting ("IAS 34") as modified by SAMA for the accounting of zakat and income tax’, which requires, adoption of all IFRSs as issued by the International Accounting Standards Board (“IASB”) except for the application of International Accounting Standard (IAS) 12 - “Income Taxes” and IFRIC 21 - “Levies” so far as these relate to zakat and income tax. As per the SAMA Circular no. 381000074519 dated April 11, 2017 and subsequent amendments through certain clarifications relating to the accounting for zakat and income tax (“SAMA Circular”), the zakat and income tax are to be accrued on a quarterly basis through shareholders equity under retained earnings.

ii. The interim financial statements is prepared under the going concern basis and the historical cost convention, except for the measurement at fair value of investments in held for trading and investments in available for sale. The Company’s interim statement of financial position is presented in order of liquidity and is not presented using a current/non-current classification. Except for property and equipment, statutory deposit, end-of-service indemnities and engineering related unearned premiums, unearned reinsurance commission, deferred policy acquisition cost, outstanding claims, claims incurred but not reported and technical reserves, all other assets and liabilities are of short-term nature, unless, stated otherwise.

iii. As required by the Saudi Arabian Insurance Regulations, the Company maintains separate books of accounts for Insurance Operations and Shareholders’ Operations. Accordingly, assets, liabilities, revenues and expenses clearly attributable to either activity are recorded in the respective accounts. Similarly, in the past, the Company’s interim condensed and annual financial statements presented separately the statement of financial position, statements of income, comprehensive income and cash flows for the insurance operations and shareholders operations. The basis of allocation of expenses from joint operations is determined and approved by the management and the Board of Directors.

iv. The interim statement of financial position, statements of income and statement of comprehensive income of the insurance operations and shareholders operations which are presented on pages 33 to 41 of the financial information have been provided as supplementary financial information and to comply with the requirements of the guidelines issued by SAMA implementing regulations. 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 consolidated statements of financial position, statement of income and statements of comprehensive income 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.

v. During the current period, SAMA issued an illustrative financial statement for the insurance sector in the Kingdom of Saudi Arabia. Following the illustrative financial statements, this is the first period where the Company issued its interim financial statements after combining shareholders and insurance operations to prepare the Company level interim condensed financial statements. In preparing the Company level financial statements in compliance with IFRS, the balances and transactions of the insurance operations are combined with those of the shareholders’ operations. Interoperation balances, transactions and unrealised gains or losses, if any, are eliminated in full. The accounting policies adopted for the insurance operations and shareholders operations are uniform for like transactions and events in similar circumstances.

vi. In preparing these interim condensed financial statements, comparative amounts, which in the most recent annual financial statements were presented separately for shareholders and insurance operations, were also combined together to conform with the current period presentation and SAMA requirements.

However, note 20 to these interim financial statements provide statement of financial position, statements of income, comprehensive income and cash flows of the insurance operations and shareholders operations, separately.

vii. The interim condensed financial statements do not include all the information, and disclosures required in the annual financial statements, and should be read in conjunction with the Company’s annual financial statements as at 31 December 2017.

viii. These interim condensed financial statements are expressed in Saudi Arabian Riyals (“SR”).

Disclosure of accounting framework used in preparation of financial statements [text block]

The interim condensed financial statements for the three-month period ended 31 March 2018 of the Company has been prepared in accordance with ‘International Accounting Standard 34 - Interim Financial Reporting ("IAS 34") as modified by SAMA for the accounting of zakat and income tax’, which requires, adoption of all IFRSs as issued by the International Accounting Standards Board (“IASB”) except for the application of International Accounting Standard (IAS) 12 - “Income Taxes” and IFRIC 21 - “Levies” so far as these relate to zakat and income tax. As per the SAMA Circular no. 381000074519 dated April 11, 2017 and subsequent amendments through certain clarifications relating to the accounting for zakat and income tax (“SAMA Circular”), the zakat and income tax are to be accrued on a quarterly basis through shareholders equity under retained earnings.

Disclosure of new standards and amendments in standards [text block]

New IFRS, International Financial Reporting and Interpretations Committee’s interpretations (IFRIC) and amendments thereof, adopted by the Company

The Company has adopted the following amendments and revisions to existing standards, which were issued by the International Accounting Standards Board (IASB):

Standard	Description
IAS 7	Amendments to IAS 7 Statement of Cash Flows: Disclosure Initiative
IFRS 12	Amendments to IFRS 12 Disclosure of Interests in Other Entities: Clarification of the scope of disclosure requirements in IFRS
IAS 12	Amendments to IAS 12 Income Taxes: Recognition of Deferred Tax Assets for Unrecognised Losses
IFRS 15	Revenue from Contracts with Customers
IAS 40	Transfers of investment property – Amendments to IAS 40
IFRIC 22	Foreign Currency Transactions and Advances Consideration
IFRS 1 and IAS 28	Annual Improvements 2016 to IFRS 2014-2016 cycle
IFRS 4	Amendments to IFRS 4 applying IFRS 9 Financial Instruments with IFRS 4 Insurance Contracts
IFRS 2	Amendments to IFRS 2 – Classification and Measurement of Share-based Payment Transactions

The adoption of the relevant new and amended standards and interpretations applicable to the Company did not have any significant impact on these interim condensed financial statements.

Disclosure of issued IFRS not yet adopted [text block]

Standards issued but not yet effective

Standards issued but not yet effective up to the date of issuance of the Company’s interim condensed financial statements are listed below. The listing is of standards and interpretations issued, which the Company reasonably expects to be applicable at a future date. The Company intends to adopt these standards when they become effective.

Standard/ Interpretation	Description	Effective from periods beginning on or after the following date
Amendments to IAS 28	Long-term interests in associates and joint ventures	1 January 2019
IFRIC 23	Uncertainty over Income Tax Treatments	1 January 2019
IFRS 16	Leases	1 January 2019
IFRS 3, IFRS 11, IAS 12 and IAS 23	Annual Improvements to IFRS 2015-2017 cycle	1 January 2019
IFRS 17	Insurance Contracts	1 January 2021
IFRS 9	Financial Instrument (see note below)	1 January 2021

IFRS 9 - Financial Instrument

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. Upon implementation of the revised standard IFRS 4 ‘Insurance Contracts’, more assets may be classified as at fair value through profit or loss under the fair value option. The Company continues to monitor the IASB progress on amendments to IFRS 4 which also introduces a temporary exemption for the implementation of IFRS 9 for reporting entities whose activities predominantly relate to insurance. The Company expects that it will be eligible for this temporary exemption and will consider deferring the implementation of IFRS 9 until a later date, but no later than 1 January 2021.

Disclosure of critical accounting judgements, estimates and assumptions, general [text block]

2.2 Use of estimates in the preparation of interim condensed financial statements

The preparation of interim financial information requires management to make judgments, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets and liabilities, income and expense. Actual results may differ from these estimates.

In preparing these condensed financial information, the significant judgments made by management in applying the Company’s accounting policies and the key sources of estimation uncertainty including the risk management policies were the same as those that applied to the annual financial information as at and for the year ended 31 December 2017.

Disclosure of functional and presentation currency [text block]

i. These interim condensed financial statements are expressed in Saudi Arabian Riyals (“SR”).

Disclosure of going concern [text block]

i. The interim financial statements is prepared under the going concern basis and the historical cost convention, except for the measurement at fair value of investments in held for trading and investments in available for sale. The Company’s interim statement of financial position is presented in order of liquidity and is not presented using a current/non-current classification. Except for property and equipment, statutory deposit, end-of-service indemnities and engineering related unearned premiums, unearned reinsurance commission, deferred policy acquisition cost, outstanding claims, claims incurred but not reported and technical reserves, all other assets and liabilities are of short-term nature, unless, stated otherwise.

Disclosure of summary of significant accounting policies [abstract]

Disclosure of summary of significant accounting policies, general comment [text block]

2.4 Significant Accounting Policies

The accounting policies adopted in the preparation of the interim condensed financial statements are consistent with those followed in the preparation of the Company’s financial statements for the year ended 31 December 2017.

Disclosure of notes forming part of accounts [abstract]

Disclosure of transfer of portfolio [text block]

The Company commenced its insurance operations on 1 January 2009. The Company’s General Assembly approved on 1 February 2009 for the Company to enter into an agreement whereby it will acquire the insurance portfolio and net assets of Al Sagr Saudi Insurance Company with effect from 1 January 2009 at a goodwill of SR 39 million as set forth in SAMA’s letter in this respect after completing the related procedures as required under SAMA’s letter on 10 November 2008. The Company has later adjusted goodwill amount by reducing SR 13.5 million in line with SAMA correspondence in this respect bringing it to SR 25.5 million. The Company has paid SR 9.9 million during 2011 against goodwill to the shareholders of Al Sagr Saudi Insurance Company. Further, the Company has paid remaining balance amounting to SR 15.6 million in 2012.

Disclosure of investments [text block]

INVESTMENTS

a) Investments are classified as follows:

	*Insurance operations*		*Shareholders operations*
	*31 March 2018* *(Unaudited)*	31 December 2017 (Audited)	*31 March 2018* *(Unaudited)*	31 December 2017 (Audited)

Investments held to maturity	31,000,000	31,000,000	80,000,000	80,000,000
Investments held for trading	23,048,272	22,768,403	15,695,156	15,695,156
Investments available for sale	11,232,227	10,082,967	21,298,712	19,227,743

	65,280,499	63,851,370	116,993,868	114,922,899

b) Category wise investment analysis is as follows:

	*Insurance operations*		*Shareholders operations*
	*31 March 2018* *(Unaudited)*	31 December 2017 (Audited)	*31 March 2018* *(Unaudited)*	31 December 2017 (Audited)
Quoted	64,036,071	62,606,942	116,993,868	114,922,899
Unquoted	1,244,428	1,244,428	-	-

	65,280,499	63,851,370	116,993,868	114,922,899

c) The analysis of the composition of investments is as follows:

	*31 March 2018* *(Unaudited)*	31 December 2017 (Audited)

Mutual funds	38,743,428	38,463,559
Ordinary shares	32,530,939	29,310,710
Sukuks	111,000,000	111,000,000

Total	182,274,367	178,774,269

Management has performed a review of the available for sale investments to assess whether impairment has occurred in the value of these investments. Based on specific information, management is of the view that no impairment is required in respect of the available for sale investments.

All investments are denominated in Saudi Arabian Riyals and US Dollars. As at the balance sheet date investments amounting to SR 38.7 million (31 December 2017: SR 38.5 million) are denominated in US Dollars.

d) Movement in held for trading investments is as follows:

	*Insurance operations*		*Shareholders operations*
	*31 March 2018* *(Unaudited)*	31 December 2017 (Audited)	*31 March 2018* *(Unaudited)*	31 December 2017 (Audited)

At the beginning of the period / year	22,768,403	22,094,290	15,695,156	14,298,670
Acquisitions during the period / year	-	-	-	1,913,112
`Proceeds from disposals during the period / year	-	-	-	(516,626)
Unrealised gains on investments held for trading / year	279,869	674,113	-	-

At the end of period / year	23,048,272	22,768,403	15,695,156	15,695,156

e) Movement in available for sale investments is as follows:

	*Insurance operations*		*Shareholders operations*
	*31 March 2018* *(Unaudited)*	31 December 2017 (Audited)	*31 March 2018* *(Unaudited)*	31 December 2017 (Audited)

At the beginning of the period / year	10,082,967	10,426,902	19,227,743	19,288,440
Acquisitions during the period / year	8,707,490	21,932,078	1,816,841	6,554,835
Disposals during the period / year	(8,386,034)	(21,636,512)	(2,058,923)	(5,468,991)
Unrealised gains / on investments available for sale	771,359	916,304	1,985,584	774,661
Realised gains / (losses) on disposal	56,445	(1,555,805)	327,467	(1,921,202)

At the end of period / year	11,232,227	10,082,967	21,298,712	19,227,743

f) Held to maturity investments are as follows:

Insurance operations

*Security*	*Issuer*	*Maturity*	*Location*	*Profit margin*	*Amortised cost*
					*31 March 2018* *(Unaudited)*	31 December 2017 (Audited)
Sukuk	Financial institution	10 years	Saudi Arabia	6 months SAIBOR plus 1.40%	30,000,000	30,000,000
Sukuk	Financial institution	10 years	Saudi Arabia	6 months SAIBOR plus 1.55%	1,000,000	1,000,000
					31,000,000	31,000,000

Shareholders operations

*Security*	*Issuer*	*Maturity*	*Location*	*Profit margin*	*Amortised cost*
					*31 March 2018* *(Unaudited)*	31 December 2017 (Audited)
Sukuk	Financial institution	10 years	Saudi Arabia	6 months SAIBOR plus 1.15%	30,000,000	30,000,000
Sukuk	Financial institution	10 years	Saudi Arabia	6 months SAIBOR plus 1.30%	50,000,000	50,000,000
					80,000,000	80,000,000

g) Geographical region concentration:

The maximum exposure to credit risk for investments classified as held for trading, available for sale and held to maturity at the balance sheet date by geographic region is as follows:

	*Insurance operations*		*Shareholders operations*
	*31 March 2018* *(Unaudited)*	31 December 2017 (Audited)	*31 March 2018* *(Unaudited)*	31 December 2017 (Audited)

Kingdom of Saudi Arabia	42,232,227	41,082,967	101,298,712	99,227,743
Singapore	20,832,022	20,552,153	-	-
United States of America	-	-	15,695,156	15,695,156
United Arab Emirates	2,216,250	2,216,250	-	-

	65,280,499	63,851,370	116,993,868	114,922,899

Disclosure of premiums/ contributions and insurance/ reinsurance or takaful/ retakaful balance receivables [text block]

PREMIUMS AND INSURANCE BALANCES RECEIVABLE, NET

	*31 March 2018* *(Unaudited)*	31 December 2017 (Audited)
	SR	SR

Premiums receivable	67,221,943	60,418,542
Premium receivables from related parties	13,132,006	14,151,752
Receivables from insurance and reinsurance companies	3,908,155	701,628

	84,262,104	75,271,922
Less: allowance for doubtful debts	(26,416,152)	(25,447,462)

	57,845,952	49,824,460

Movements in the allowance for doubtful debts are as follows:

At the beginning of period / year	25,447,462	30,197,266
Charge for /(reversal of) the period / year, net	968,690	(4,749,804)

At the end of period / year	26,416,152	25,447,462

Disclosure of cash and cash equivalents [text block]

8 CASH AND CASH EQUIVALENTS

	*Insurance operations*		*Shareholders operations*
	*31 March 2018* *(Unaudited)*	31 December 2017 (Audited)	*31 March 2018* *(Unaudited)*	31 December 2017 (Audited)
	SR	SR	SR	SR

Cash on hand	834,954	865,706	-	-
Cash at banks - Current accounts	42,340,475	124,762,561	1,288,623	1,353,394
Time deposits	98,135,674	109,818,845	15,000,000	15,000,000

	141,311,103	235,447,112	16,288,623	16,353,394

Time deposits are placed with local banks and financial institutions denominated in Saudi Riyals with original maturities of less than three month and earn financial income at an average rate of 1.55% to 1.90% per annum (31 December 2017: 1% to 2.05% per annum).

Disclosure of statutory deposit [text block]

9 STATUTORY DEPOSIT

The statutory deposit represents 10% of the paid up share capital which is maintained in accordance with the Law on Supervision of Cooperative Insurance Companies in the Kingdom of Saudi Arabia. Saudi Arabian Monetary Authority (“SAMA”) is entitled to the earnings of this statutory deposit and it cannot be withdrawn without its consent.

In accordance with the instruction received from SAMA vide their circular dated 1 March 2016, the Company has disclosed the commission due on the statutory deposit as at 31 March 2018 as an asset and a liability in these interim condensed financial statements.

Disclosure of gross unearned premiums/ contributions [text block]

3.2 MOVEMENT IN UNEARNED PREMIUMS

Movement in unearned premiums comprise of the following:

	*Three months ended March 31, 2018* *(Unaudited)*
	Gross	Reinsurance	Net

Balance as at the beginning of the period	143,345,345	(11,579,327)	131,766,018
Balance as at the end of the period	(123,445,319)	7,731,847	(115,713,472)

Changes in unearned premiums	19,900,026	(3,847,480)	16,052,546

Premium written during the period	64,144,201	(4,199,859)	59,944,342
Excess of loss premium	-	(1,683,379)	(1,683,379)

Net premium earned	84,044,227	(9,730,718)	74,313,509

	Year ended December 31, 2017 (Audited)
	Gross	Reinsurance	Net

Balance as at the beginning of the period	67,021,475	(14,562,635)	52,458,840
Balance as at the end of the period	(143,345,345)	11,579,327	(131,766,018)

Changes in unearned premiums	(76,323,870)	(2,983,308)	(79,307,178)

Premium written during the period	329,307,349	(32,303,896)	297,003,453
Excess of loss expenses	-	(21,807,582)	(21,807,582)

Premium earned	252,983,479	(57,094,786)	195,888,693

Disclosure of gross outstanding claims/ benefits [text block]

3.1 Claims

	*31 March 2018* SR *(Unaudited)*	31 December 2017 SR (Audited)

Outstanding claims	100,845,693	98,263,422

Claims incurred but not reported	42,298,406	44,855,606

Additional premium reserves:
Premium deficiency reserve	10,095,929	6,909,492
Unexpired risk reserve	194,368	82,042

	10,290,297	6,991,534

Other technical reserves:
Non-proportional reinsurance accrual reserve	1,206,952	1,206,952
Unallocated loss adjustment expense reserve	370,543	401,421

	1,577,495	1,608,373

	155,011,891	151,718,935

Less:
Reinsurers’ share of outstanding claims	(7,834,749)	(7,803,895)
Reinsurers’ share of claims incurred but not reported	(10,210,746)	(11,906,990)

	(18,045,495)	(19,710,885)

Net outstanding claims and reserves	136,966,396	132,008,050

Disclosure of zakat [text block]

11 ZAKAT

a) Zakat charge for the period

The charge for the period of zakat is as follows:

	*For the* *three-month period ended* *31 March* *2018* SR	For the three-month period ended 31 March 2017 SR
	*(Unaudited)*	(Unaudited)

Charge for the period	3,410,000	3,810,000

b) Zakat base

The principal elements of zakat base are as following:

	*31 March* *2018* SR	31 December 2017 SR
	*(Unaudited)*	(Audited)

Opening shareholder’s equity	467,419,384	508,880,263
Non-current assets	189,946,146	190,211,639
Investments held to maturity	111,000,000	111,000,000
Goodwill	25,513,750	25,513,750
Net income	9,271,402	20,849,262

The difference between the financial results and adjusted profit is mainly due to adjustments for certain costs based on relevant regulations.

c) Movement in the provision for zakat during the period/year

	*31 March* *2018* SR		31 December 2017 SR
	*(Unaudited)*	(Audited)

At the beginning of the period / year	59,324,895	56,710,161
Provision for the period / year	3,410,000	13,084,802
Paid during the period / year	(36,228)	(10,470,068)

At the end of the period / year	62,698,667	59,324,895

d) Shareholding subject to zakat

The following is the shareholding percentage subject to zakat in the interim condensed financial statements as at the end of the period:

	*31 March* *2018* %	31 December 2017 %

	*(Unaudited)*	(Audited)
Shareholding subject to zakat	100	100

e) Zakat assessments

In 2013, the Company filed an appeal against the zakat assessment for the years 2008 to 2011 in which the General Authority of Zakat and Tax ("GAZT") claimed an additional zakat liability of SR 24.3 million. In March 2015, the Preliminary Appeal Committee advised the Company of its decision in favor of GAZT. The management of the Company has filed an appeal with the Higher Appeal Committee and submitted the required financial bank guarantee to cover the disputed amount. In January 2018, the Higher Appeal Committee gave its verdict by revising the assessed zakat liability to SR 22.8 million. The Company has filled a final appeal to the Ministry of Finance against this decision and submitted the required financial bank guarantee. The management expects a favorable ruling. The management believes that the level of the existing provisions for zakat is presently sufficient.

Zakat assessments for the years from 2012 to 2016 have not yet been raised by the GAZT.

Zakat has been computed based on the Company's understanding and interpretation of the zakat and income tax regulations enforced in the Kingdom of Saudi Arabia. The GAZT continues to issue circulars to clarify certain zakat and tax regulations which are usually enforced on all open years. The zakat regulations in Saudi Arabia are subject to different interpretations and new zakat regulations have been issued by the GAZT dated 1 Jumada II 1438H corresponding to 28 February 2017. The zakat liability as computed by the Company could be different from zakat liability as assessed by the GAZT for years for which assessments have not yet been raised by the GAZT.

Disclosure of classes of share capital [text block]

12 SHARE CAPITAL

The authorized, issued and paid up share capital is SR 250 million at 31 March 2018 consisting of 25 million shares (31 December 2017: SR 250 million consisting of 25 million shares) of SR 10 each.

Disclosure of compensation to key management personnel [text block]

Compensation of key management personnel

The remuneration of key management personnel during the period are as follows:

	*For the three‑month period ended 31 March* *2018*	For the three‑month period ended 31 March 2017
	SR	SR
	*(Unaudited)*	(Unaudited)

Salaries and benefits	1,905,932	1,650,192
End‑of‑service indemnities	87,718	81,140

	1,993,650	1,731,332

Disclosure of earnings per share [text block]

15 EARNINGS PER SHARE

Earnings per share is calculated by dividing net income for the period by the weighted average number of outstanding shares during the period.

Disclosure of related party transactions [text block]

13 TRANSACTIONS AND BALANCES WITH RELATED PARTIES

Related parties represent major shareholders, directors, companies related to the shareholders (“affiliates”) and key management personnel and the entities controlled, jointly controlled or significantly influenced by such parties.

The following are the details of major related parties’ transactions during the period and the related balances at the end of the period/year:

13 TRANSACTIONS AND BALANCES WITH RELATED PARTIES (Continued)

Related parties	Nature of transactions
		*For the three‑month period ended 31 March* *2018*	For the three‑month period ended 31 March 2017
		SR	SR
		*(Unaudited)*	(Unaudited)

Shareholders	Gross written premiums	1,873,890	3,692,637
	Claims incurred on insurance policies	1,775,682	186,067
	Reinsurance premium ceded	23,500	615,782
	Reinsurance share of claims paid	61,559	33,496
	Reinsurance commission income	3,878	101,604
	Rent	194,382	208,715
	Claims handling expenses	3,038,547	-

Board of Directors	Directors’ remuneration and meeting fees	-	321,000

Amounts due from / due to related parties are comprised the following:

*Related parties*	*Nature of account balance*	*31 March* *2018*	31 December 2017
		SR *(Unaudited)*	SR (Audited)
Shareholders	Premiums receivables from related parties	13,132,006	14,151,752
	Gross outstanding claims	6,769,799	7,064,018
	Amounts due to a related party	1,123,750	1,123,750
	Reinsurance premium payable to a related party	406,341	448,277
	Other accrued expenses	3,671,250	1,667,463

Board of Directors	Directors’ remuneration and meeting fee	-	2,949,791

Balances due from/(due to) related parties are comprised of the followings:

*Premiums receivables from related parties*
	*31 March* *2018* SR	31 December 2017 SR
	(Unaudited)	(Audited)

Abdulrahman Ali Al Turki Trading and Contracting Establishment	6,575,914	5,385,962
Abdulrahman Ali Abdulrahman Al Turki Trading and Contracting Company	4,994,189	8,424,269
Others	1,561,903	341,521
Total	13,132,006	14,151,752

13 TRANSACTIONS AND BALANCES WITH RELATED PARTIES (Continued)

*Reinsurance premium payable to a related party*
	*31 March* *2018* SR	31 December 2017 SR
	*(Unaudited)*	(Audited)
Al Sagr National Insurance Company	406,341	448,277

*Other accrued expenses*
	*31 March* *2018* SR	31 December 2017 SR
	*(Unaudited)*	(Audited)

Abdulrahman Ali Al Turki Trading and Contracting Establishment	605,727	668,761
Saudi Next Care	3,038,547	953,088
Abdulrahman Ali Abdulrahman Al Turki Trading and Contracting Company	26,976	45,614
Total	3,671,250	1,667,463

*Amounts due to a related party*
	*31 March* *2018* SR		31 December 2017 SR
	*(Unaudited)*		(Audited)

Al Sagr Saudi Insurance Company BSC	1,123,750	1,123,750

Disclosure of entity's operating segments [text block]

4 SEGMENTAL INFORMATION

Operating segments are identified on the basis of internal reports about components of the Company that are regularly reviewed by the Company’s Board of Directors in their function as chief operating decision maker in order to allocate resources to the segments and to assess its performance.

There have been no changes to the basis of segmentation or the measurement basis for the segment profit or loss since 31 December 2017.

Segment results do not include other underwriting expenses, general and administration expenses, allowances for doubtful debts, investment and commission income, unrealised gains on held for trading investments and other income.

Segment assets do not include cash and cash equivalents, term deposits, investments available for sale, investments held for trading, investments held to maturity, prepayments and other assets, amounts due from shareholders, premiums and insurance balances receivable and property and equipment, accordingly they are included in unallocated assets.

Segment liabilities and accumulated surplus do not include end‑of‑service indemnities, reinsurance balances payable, unearned reinsurance commission income, accounts payable, accrued expenses and other liabilities, amounts due to shareholders, fair value reserve for available for sale investments, reserve for re-measurement, of actuarial loss on obligation and insurance operation accumulated surplus, accordingly they are included in unallocated liabilities.

4 SEGMENTAL INFORMATION (Continued)

Operating Segments

	*Medical*	*Motor*	*Property*	*Others*	*Total*
	SR	SR	SR	SR	SR
*For the three‑month period ended 31 March 2018* *(Unaudited)*

REVENUE
Gross written premiums	42,196,090	16,480,586	1,665,190	3,802,335	64,144,201
Reinsurance premiums ceded – foreign	(23,500)	-	(1,473,782)	(2,175,221)	(3,672,503)
local	-	(217,666)	(157,886)	(151,804)	(527,356)
Excess of loss expenses	(970,000)	(568,879)	(64,601)	(79,899)	(1,683,379)

Net premiums written	41,202,590	15,694,041	(31,079)	1,395,411	58,260,963
Changes in unearned premiums, net	24,191,008	(7,852,098)	79,298	(365,662)	16,052,546

Net premiums earned	65,393,598	7,841,943	48,219	1,029,749	74,313,509

Reinsurance commission income	3,935	54,340	377,629	682,944	1,118,848

TOTAL REVENUES	65,397,533	7,896,283	425,848	1,712,693	75,432,357

UNDERWRITING COSTS AND EXPENSES
Gross claims paid	(39,916,099)	(5,604,311)	(3,240)	(807,421)	(46,331,071)
Claims handling expenses	(3,086,599)	(114,678)	-	-	(3,201,277)
Reinsurers' share of gross claims paid	4,829,575	505,059	1,944	393,304	5,729,882

Net claims paid	(38,173,123)	(5,213,930)	(1,296)	(414,117)	(43,802,466)
Changes in outstanding claims, net	(3,928,625)	1,340,561	-	36,647	(2,551,417)
Changes in claims incurred but not reported, net	(438,041)	826,597	53,814	418,586	860,956

Net claims incurred	(42,539,789)	(3,046,772)	52,518	41,116	(45,492,927)

Changes in additional premium reserves	(2,476,259)	(1,356,534)	441,236	92,794	(3,298,763)
Changes in other technical reserves	-	10,276	10,042	10,560	30,878
Policy acquisition costs	(4,935,007)	(517,388)	(312,552)	(369,610)	(6,134,557)
Unallocated other underwriting expenses					(1,638,925)

TOTAL UNDERWRITING COSTS AND EXPENSES					(56,534,294)

4 SEGMENTAL INFORMATION (Continued)

Operating Segments (Continued)

	*Medical*	*Motor*	*Property*	*Others*	*Total*
	SR	SR	SR	SR	SR
*For the three‑month period ended 31 March 2018* *(Unaudited)* (Continued)

NET UNDERWRITING INCOME					18,898,063

OTHER OPERATING (EXPENSES) / INCOME

Unallocated allowance for doubtful debts					(968,690)
Unallocated general and administration expenses					(13,268,749)
Unallocated investments and commission income					4,399,238
Unallocated unrealised gain on held for trading investments					279,869
Dividend and realized gain on investments					383,912
Unallocated other income					318,962
				`
TOTAL OTHER OPERATING EXPENSES					(8,855,458)

TOTAL INCOME FOR THE PERIOD					10,042,605
Total income attributed to the insurance operations					(771,203)

Total income for the period attributed to the shareholders					9,271,402

4 SEGMENTAL INFORMATION (Continued)

Operating Segments (Continued)

	*Medical*	*Motor*	*Property*	*Others*	*Total*
	SR	SR	SR	SR	SR
*For the three‑month period ended 31 March 2017* *(Unaudited)*

REVENUE
Gross written premiums	71,849,660	14,643,921	1,350,150	4,981,613	92,825,344
Reinsurance premiums ceded – foreign	(615,782)	(275,535)	(890,195)	(3,005,143)	(4,786,655)
local	-	-	(396,653)	(164,442)	(561,095)
Excess of loss expenses	(5,196,240)	(297,900)	(61,560)	(82,941)	(5,638,641)

Net premiums written	66,037,638	14,070,486	1,742	1,729,087	81,838,953
Changes in unearned premiums, net	(50,775,476)	(4,109,967)	94,155	(154,899)	(54,946,187)

Net premiums earned	15,262,162	9,960,519	95,897	1,574,188	26,892,766

Reinsurance commission income	27,595	167,797	396,148	967,225	1,558,765

TOTAL REVENUE	15,289,757	10,128,316	492,045	2,541,413	28,451,531

UNDERWRITING COSTS AND EXPENSES
Gross claims paid	(40,180,671)	(4,588,568)	(5,053)	(3,427,178)	(48,201,470)
Claims handling expenses	(897,223)	(49,696)	-	-	(946,919)
Reinsurers' share of gross claims paid	4,892,546	(134,071)	5,029	2,926,955	7,690,459

Net claims paid	(36,185,348)	(4,772,335)	(24)	(500,223)	(41,457,930)
Changes in outstanding claims, net	30,161,359	(2,069,422)	(5,400)	543,361	28,629,898
Changes in claims incurred but not reported, net	(5,859,735)	1,329,120	(10,290)	(286,231)	(4,827,136)

Net claims incurred	(11,883,724)	(5,512,637)	(15,714)	(243,093)	(17,655,168)

Changes in additional premium reserves	(4,355,410)	5,150,949	-	(67,985)	727,554
Policy acquisition costs	(1,450,428)	(676,318)	(340,232)	(520,763)	(2,987,741)
Unallocated other underwriting expenses					(467,774)

TOTAL UNDERWRITING COSTS AND EXPENSES					(20,383,129)

4 SEGMENTAL INFORMATION (Continued)

Operating Segments (Continued)

	*Medical*	*Motor*	*Property*	*Others*	*Total*
	SR	SR	SR	SR	SR
*For the three‑month period ended 31 March 2017* *(Unaudited)* (Continued)

NET UNDERWRITING INCOME					8,068,402

OTHER OPERATING (EXPENSES) / INCOME

Unallocated allowance for doubtful debts					3,416,333
Unallocated general and administration expenses					(11,648,361)
Unallocated investments and commission income					4,595,865
Unallocated unrealised gain on held for trading investments					135,654
Unallocated other income					954,616
				`
TOTAL OTHER OPERATING EXPENSES					(2,545,893)

TOTAL INCOME FOR THE PERIOD					5,522,509
Total income attributed to the insurance operations					(436,145)

Total income for the period attributed to the shareholders					5,086,364

4 SEGMENTAL INFORMATION (Continued)

Operating Segments (Continued)

	*Medical*	*Motor*	*Property*	*Others*	*Total – Insurance Operations*	*Shareholders’ operations*	*Total*
	SR	SR	SR	SR	SR	SR	SR
*As at 31 March 2018* (unaudited)
*Assets*
Reinsurers' share of unearned premiums	51,371	456,195	1,505,082	5,719,199	7,731,847	-	7,731,847
Reinsurers' share of outstanding claims	11,975	4,059,717	9,497	3,753,560	7,834,749	-	7,834,749
Reinsurers' share of claims Incurred but not reported	28,826	144,798	1,979,760	8,057,362	10,210,746	-	10,210,746
Deferred policy acquisition costs	6,600,188	1,167,761	91,277	337,555	8,196,781	-	8,196,781
Unallocated assets					482,064,195	399,428,538	881,492,733

*Total assets*					516,038,318	399,428,538	915,466,856

*Liabilities*
Gross unearned premiums	91,483,072	22,418,211	1,558,075	7,985,961	123,445,319	-	123,445,319
Unearned reinsurance commission income	8,476	108,184	320,671	875,087	1,312,418	-	1,312,418
Gross outstanding claims	56,357,356	36,515,947	10,000	7,962,390	100,845,693	-	100,845,693
Claims incurred but not reported	24,102,870	6,616,727	2,105,670	9,473,139	42,298,406	-	42,298,406
Additional premium reserves	8,176,011	1,356,534	-	757,752	10,290,297	-	10,290,297
Other technical reserves	1,206,952	214,893	21,107	134,543	1,577,495	-	1,577,495
Unallocated liabilities					90,366,092	70,064,766	160,430,858

*Total liabilities*					370,135,720	70,064,766	440,200,486

4 SEGMENTAL INFORMATION (Continued)

Operating Segments (Continued)

As at 31 December 2017(Audited)	Medical SR	Motor SR	Property SR	Others SR	Total – Insurance operations SR	Shareholders’ operations SR	Total SR

Assets
Reinsurers’ share of unearned premiums	51,717	452,845	2,300,044	8,774,721	11,579,327	-	11,579,327
Reinsurers’ share of outstanding claims	75,198	4,041,957	13,097	3,673,643	7,803,895	-	7,803,895
Reinsurers' share of claims Incurred but not reported	189,859	72,369	2,928,411	8,716,351	11,906,990	-	11,906,990
Deferred policy acquisition costs	8,640,097	692,221	304,632	427,900	10,064,850	-	10,064,850
Unallocated assets					478,156,555	395,281,498	873,438,053

Total assets					519,511,617	395,281,498	914,793,115


Liabilities
Gross unearned premiums	115,674,426	14,562,763	2,432,335	10,675,821	143,345,345	-	143,345,345
Gross outstanding claims	52,491,954	37,838,748	13,600	7,919,120	98,263,422	-	98,263,422
Claims incurred but not reported	23,825,862	7,370,895	3,108,135	10,550,714	44,855,606	-	44,855,606
Unearned reinsurance commission income	8,533	120,004	364,260	965,154	1,457,951	-	1,457,951
Additional premium reserves	5,699,752	-	441,236	850,546	6,991,534	-	6,991,534
Other technical reserves	1,206,952	225,169	31,149	145,103	1,608,373	-	1,608,373
Unallocated liabilities					84,291,648	66,559,852	150,851,500

Total liabilities					380,813,879	66,559,852	447,373,731

Disclosure of commitments and contingencies, general [text block]

16 COMMITMENTS AND CONTINGENCIES

a) Legal proceedings

The Company operates in the insurance industry and is subject to legal proceedings in the normal course of business relating to policyholders insurance claims. While it is not practicable to forecast or determine the final results of all pending or threatened legal proceedings, management does not believe that such proceedings (including litigations) will have material impact on the Company’s results or financial position.

During 2016, one of the Company’s previous employees filed a case in the Preliminary Commission for Settlements of Labor Disputes against the Company, claiming additional payments for end of service indemnity and commission. The Company has made a provision that it believes its adequate to cover any potential liability on a conservative basis. The management is currently reviewing the case with its lawyer to assess the next course of action.

16 COMMITMENTS AND CONTINGENCIES (Continued)

b) Capital commitments

At 31 March 2018, the Company has outstanding commitment of SR 3.05 million in respect of purchase of investments relating to a mutual fund (31 December 2017: SR 3.05 million).

Disclosure of comparative figures [text block]

18 COMPARATIVE BALANCES

Certain of the comparative balances have been reclassified and regrouped to conform to the current period presentation. These changes are summarised below were mainly to conform with the SAMA requirements:

As discussed in note 2 to these interim condensed financial statements, previously the interim statement of financial position, statement of income, and statement of cash flows were presented separately for insurance operations and shareholders operations, which are now combined together to present the Company level interim statement of financial position, statement of income, statement of comprehensive income and statement of cash flows.

The amounts “due to/from” shareholders and insurance operations which were previously reported separately in the respective statement of financial position, are now eliminated in full (refer note 20).

Share of insurance operations surplus split in the ratio of 90/10 between shareholders and insurance operations and presented separately is now presented as an expense in statement of income (refer note 20).

Disclosure of board of director's approval of the financial statements [text block]

19 APPROVAL OF THE INTERIM CONDENSED FINANCIAL STATEMENTS

The interim condensed financial statements have been approved by the Board of Directors on 15 Sha’ban 1439H (corresponding to 1 May 2018).

Disclosure of other notes relevant to understanding of financial statements [text block]

20 SUPPLEMENTARY INFORMATION

As required by the Implementing Regulations, the interim statement of financial position, interim statement of income and interim statement of cash flows are separately disclosed for both insurance operations and shareholders operations are as follows:

a) Interim statement of financial position

		31 March 2018 - (Unaudited) SR			31 December 2017 - (Audited) SR
	Note	Insurance operations	Shareholders’ operations	Total	Insurance operations	Shareholders’ operations	Total
ASSETS

Cash and cash equivalents	8	141,311,103	16,288,623	157,599,726	235,447,112	16,353,394	251,800,506
Short term deposits		168,000,000	135,000,000	303,000,000	85,000,000	135,000,000	220,000,000
Premiums and insurance balances receivable	5	57,845,952	-	57,845,952	49,824,460	-	49,824,460
Reinsurers’ share of unearned premiums		7,731,847	-	7,731,847	11,579,327	-	11,579,327
Reinsurers’ share of outstanding claims		7,834,749	-	7,834,749	7,803,895	-	7,803,895
Reinsurers’ share of claims incurred but not reported		10,210,746	-	10,210,746	11,906,990	-	11,906,990
Deferred policy acquisition costs		8,196,781	-	8,196,781	10,064,850	-	10,064,850
Investments available for sale	6	11,232,227	21,298,712	32,530,939	10,082,967	19,227,743	29,310,710
Investments held for trading	6	23,048,272	15,695,156	38,743,428	22,768,403	15,695,156	38,463,559
Investments held to maturity	6	31,000,000	80,000,000	111,000,000	31,000,000	80,000,000	111,000,000
Prepayments and other assets		18,600,041	2,684,045	21,284,086	13,152,834	674,345	13,827,179
Long term deposits	7	26,250,000	75,000,000	101,250,000	26,250,000	75,000,000	101,250,000
Property and equipment		4,776,600	-	4,776,600	4,630,779	-	4,630,779
Goodwill	10	-	25,513,750	25,513,750	-	25,513,750	25,513,750
Statutory deposit	9	-	25,000,000	25,000,000	-	25,000,000	25,000,000
Statutory deposit commission income		-	2,948,252	2,948,252	-	2,817,110	2,817,110
Amounts due from shareholders		19,346,219	-	19,346,219	19,610,257	-	19,610,257
Amounts due from insurance operations		-	165,248,817	165,248,817	-	158,307,995	158,307,995
TOTAL ASSETS		535,384,537	564,677,355	1,100,061,892	539,121,874	553,589,493	1,092,711,367
Less: inter-operations elimination		(19,346,219)	(165,248,817)	(184,595,036)	(19,610,257)	(158,307,995)	(177,918,252)
TOTAL ASSETS AS PER INTERIM STATEMENT OF FINANCIAL POSITION		516,038,318	399,428,538	915,466,856	519,511,617	395,281,498	914,793,115

20 SUPPLEMENTARY INFORMATION (Continued)

a) Interim statement of financial position (Continued)

		31 March 2018 - (Unaudited) SR			31 December 2017 - (Audited) SR
	Note	Insurance operations	Shareholders’ operations	Total	Insurance operations	Shareholders’ operations	Total
LIABILITIES

Accounts payable		5,554,497		5,554,497	5,365,598	-	5,365,598
Accrued expenses and other liabilities		24,768,016	2,983,763	27,751,779	21,350,890	2,983,763	24,334,653
Reinsurance balances payable		3,678,042	-	3,678,042	2,804,815	-	2,804,815
Unearned premiums		123,445,319	-	123,445,319	143,345,345	-	143,345,345
Unearned reinsurance commission income		1,312,418	-	1,312,418	1,457,951	-	1,457,951
Outstanding claims	3	100,845,693	-	100,845,693	98,263,422	-	98,263,422
Claims incurred but not reported		42,298,406	-	42,298,406	44,855,606	-	44,855,606
Additional premium reserves		10,290,297	-	10,290,297	6,991,534	-	6,991,534
Other technical reserves		1,577,495	-	1,577,495	1,608,373	-	1,608,373
Amounts due to related party	13	-	1,123,750	1,123,750	-	1,123,750	1,123,750
End-of-service indemnities		7,193,724	-	7,193,724	6,798,528	-	6,798,528
Reserve for re-measurement of actuarial loss on obligation		1,676,498	-	1,676,498	1,676,498	-	1,676,498
Fair value reserve for investments available for sale		870,137	-	870,137	98,778	-	98,778
Insurance operations' accumulated surplus		46,625,178	-	46,625,178	46,196,541	-	46,196,541
Zakat provision	11	-	62,698,667	62,698,667	-	59,324,895	59,324,895
Statutory deposit commission payable	9	-	2,948,252	2,948,252	-	2,817,110	2,817,110
Dividend payable		-	310,334	310,334	-	310,334	310,334
Amounts due to insurance operations		-	19,346,219	19,346,219	-	19,610,257	19,610,257
Amounts due to shareholders		165,248,817	-	165,248,817	158,307,995	-	158,307,995
TOTAL LIABILITIES		535,384,537	89,410,985	624,795,522	539,121,874	86,170,109	625,291,983
Less: inter-operations elimination		(165,248,817)	(19,346,219)	(184,595,036)	(158,307,995)	(19,610,257)	(177,918,252)
TOTAL LIABILITIES AS PER INTERIM STATEMENT OF FINANCIAL POSITION		370,135,720	70,064,766	440,200,486	380,813,879	66,559,852	447,373,731

20 SUPPLEMENTARY INFORMATION (Continued)

a) Interim statement of financial position (Continued)

	31 March 2018 - (Unaudited) SR			31 December 2017 - (Audited) SR
	Insurance operations	Shareholders’ operations	Total	Insurance operations	Shareholders’ operations	Total

SHAREHOLDERS’ EQUITY
Share capital	-	250,000,000	250,000,000	-	250,000,000	250,000,000
Statutory reserve	-	79,514,482	79,514,482	-	78,342,202	78,342,202
Retained earnings	-	143,057,930	143,057,930	-	138,368,808	138,368,808
Fair value reserve for available for sale investments	-	2,693,958	2,693,958	-	708,374	708,374
TOTAL SHAREHOLDERS' EQUITY	-	475,266,370	475,266,370	-	467,419,384	467,419,384
TOTAL LIABILITIES AND EQUITY	370,135,720	545,331,136	915,466,856	380,813,879	533,979,236	914,793,115

20 SUPPLEMENTARY INFORMATION (Continued)

b) Interim statement of income

	Three months period ended 31 March 2018 - (Unaudited) SR			Three months period ended 31 March 2017 - (Unaudited) SR
	Insurance operations	Shareholders’ operations	Total	Insurance operations	Shareholders’ operations	Total
REVENUE
Gross written premiums	64,144,201	-	64,144,201	92,825,344	-	92,825,344
Reinsurance premiums ceded - foreign	(3,672,503)	-	(3,672,503)	(4,786,655)	-	(4,786,655)
local	(527,356)	-	(527,356)	(561,095)	-	(561,095)
Excess of loss expenses	(1,683,379)	-	(1,683,379)	(5,638,641)	-	(5,638,641)

Net premiums written	58,260,963	-	58,260,963	81,838,953	-	81,838,953
Changes in unearned premiums, net	16,052,546	-	16,052,546	(54,946,187)	-	(54,946,187)

Net premiums earned	74,313,509	-	74,313,509	26,892,766	-	26,892,766

Reinsurance commission income	1,118,848	-	1,118,848	1,558,765	-	1,558,765

TOTAL REVENUES	75,432,357	-	75,432,357	28,451,531	-	28,451,531

UNDERWRITING COSTS AND EXPENSES
Gross claims paid	(46,331,071)	-	(46,331,071)	(48,201,470)	-	(48,201,470)
Claims handling expenses	(3,201,277)	-	(3,201,277)	(946,919)	-	(946,919)
Reinsurers’ share of gross claims paid	5,729,882	-	5,729,882	7,690,459	-	7,690,459

Net claims paid	(43,802,466)	-	(43,802,466)	(41,457,930)	-	(41,457,930)
Changes in outstanding claims, net	(2,551,417)	-	(2,551,417)	28,629,898	-	28,629,898
Changes in claims incurred but not reported, net	860,956		860,956	(4,827,136)	-	(4,827,136)

Net claims incurred	(45,492,927)	-	(45,492,927)	(17,655,168)	-	(17,655,168)

Changes in additional premium reserves	(3,298,763)	-	(3,298,763)	727,554	-	727,554
Changes in other technical reserves	30,878		30,878
Policy acquisition costs	(6,134,557)	-	(6,134,557)	(2,987,741)	-	(2,987,741)
Other underwriting expenses	(1,638,925)	-	(1,638,925)	(467,774)	-	(467,774)

TOTAL UNDERWRITING COSTS AND EXPENSES	(56,534,294)	-	(56,534,294)	(20,383,129)	-	(20,383,129)

NET UNDERWRITING INCOME	18,898,063	-	18,898,063	8,068,402	-	8,068,402

20 SUPPLEMENTARY INFORMATION (Continued)

b) Interim statement of income (Continued)

	Three months period ended 31 March 2018 - (Unaudited) SR			Three months period ended 31 March 2017 - (Unaudited) SR
	Insurance operations	Shareholders’ operations	Total	Insurance operations	Shareholders’ operations	Total

OTHER OPERATING (EXPENSES) / INCOME
(Allowance for)/reversal of doubtful debts	(968,690)	-	(968,690)	3,416,333	-	3,416,333
General and administration expenses	(12,986,398)	(282,351)	(13,268,749)	(10,974,163)	(674,198)	(11,648,361)
Investment and commission income	2,113,774	2,285,464	4,399,238	2,760,605	1,835,260	4,595,865
Unrealised gains on investments held for trading	279,869	-	279,869	135,654	-	135,654
Dividend and realized gain on investments	56,445	327,467	383,912	-	-	-
Other income	318,962	-	318,962	954,616	-	954,616

TOTAL OTHER OPERATING (EXPENSES) / INCOME	(11,186,038)	2,330,580	(8,855,458)	(3,706,955)	1,161,062	(2,545,893)

Total income for the period	7,712,025	2,330,580	10,042,605	4,361,447	1,161,062	5,522,509

Total income attributed to the insurance operations	(771,203)	-	(771,203)	(436,145)	-	(436,145)

Total income for the period attributed to the shareholders	6,940,822	2,330,580	9,271,402	3,925,302	1,161,062	5,086,364

20 SUPPLEMENTARY INFORMATION (Continued)

c) Interim statement of comprehensive income

	Three months period ended 31 March 2018 - (Unaudited) SR			Three months period ended 31 March 2017 - (Unaudited) SR
	Insurance operations	Shareholders’ operations	Total	Insurance operations	Shareholders’ operations	Total

Total income for the period	771,203	9,271,402	10,042,605	436,145	5,086,364	5,522,509

Other comprehensive income/(loss)

*Items that will not be reclassified to statement of income in subsequent periods*

Changes in fair value for investments available for sale	771,359	1,985,584	2,756,943	(48,215)	(99,601)	(147,816)

TOTAL COMPREHENSIVE INCOME FOR THE PERIOD	1,542,562	11,256,986	12,799,548	387,930	4,986,763	5,374,693

20 SUPPLEMENTARY INFORMATION (Continued)

d) Interim statement of cash flows

	Three months period ended 31 March 2018 - (Unaudited) SR			Three months period ended 31 March 2017 - (Unaudited) SR
	Insurance operations	Shareholders’ operations	Total	Insurance operations	Shareholders’ operations	Total
OPERATING ACTIVITIES
Total income for the period	771,203	9,271,402	10,042,605	436,145	5,086,364	5,522,509
Adjustments for:
Depreciation of property and equipment	297,323	-	297,323	209,691	-	209,691
Amortization of intangible assets	49,369	-	49,369	39,490	-	39,490
Dividend and realised loss on investments	(56,445)	(327,467)	(383,912)	-	-	-
Unrealised gains on investments held for trading	(279,869)	-	(279,869)	(135,654)	-	(135,654)
Provision for end-of-service indemnities	525,625	-	525,625	354,921	-	354,921
Allowance for/(reversal of) doubtful debts	968,690	-	968,690	(3,416,333)	-	(3,416,333)

	2,275,896	8,943,935	11,219,831	(2,511,740)	5,086,364	2,574,624
Working capital adjustments:
Premiums and insurance balances receivable	(9,307,181)	-	(9,307,181)	(4,942,000)	-	(4,942,000)
Reinsurers' share of outstanding claims	(30,854)	-	(30,854)	3,145,487	-	3,145,487
Reinsurers’ share of claims Incurred but not reported	1,696,244	-	1,696,244	(2,256,857)	-	(2,256,857)
Reinsurers' share of unearned premiums	3,847,480	-	3,847,480	4,516,615	-	4,516,615
Deferred policy acquisition costs	1,868,069	-	1,868,069	(3,699,495)	-	(3,699,495)
Prepayments and other assets	(5,447,207)	(2,009,700)	(7,456,907)	(800,738)	(4,416,225)	(5,216,963)
Accounts payable	188,899	-	188,899	(185,938)	-	(185,938)
Reinsurance balances payable	873,227	-	873,227	(31,798)	-	(31,798)
Accrued expenses and other liabilities	3,417,126	-	3,417,126	4,848,401	321,000	5,169,401
Unearned premiums	(19,900,026)	-	(19,900,026)	50,429,572	-	50,429,572
Unearned reinsurance commission income	(145,533)	-	(145,533)	(214,995)	-	(214,995)
Outstanding claims	2,582,271	-	2,582,271	(31,775,385)	-	(31,775,385)
Claims incurred but not reported	(2,557,200)	-	(2,557,200)	7,083,993	-	7,083,993
Additional premium reserves	3,298,763	-	3,298,763	(727,554)	-	(727,554)
Other technical reserves	(30,878)	-	(30,878)	-	-	-
Accumulated surplus paid	(25,567)	-	(25,567)	(229,242)	-	(229,242)
(Due from) shareholders’/due to insurance operations	264,038	(264,038)	-	8,045,950	(8,045,950)	-
			-			-
Cash (used in) / from operations	(17,132,433)	6,670,197	(10,462,236)	30,694,276	(7,054,811)	23,639,465

20 SUPPLEMENTARY INFORMATION (Continued)

d) Interim statement of cash flows (Continued)

	Three months period ended 31 March 2018 - (Unaudited) SR			Three months period ended 31 March 2017 - (Unaudited) SR
	Insurance operations	Shareholders’ operations	Total	Insurance operations	Shareholders’ operations	Total
Accrued commission income payable	-	131,142	131,142	-	147,214	147,214
End-of-service indemnities paid	(130,429)	-	(130,429)	(59,815)	-	(59,815)
Accumulated surplus paid	6,940,822	(6,940,822)	-	3,925,302	(3,925,302)	-
Zakat paid	-	(36,228)	(36,228)	-	-

Net cash (used in)/ from operating activities	(10,322,040)	(175,711)	(10,497,751)	34,559,763	(10,832,899)	23,726,864

INVESTING ACTIVITIES
Accrued income on statutory deposit	-	(131,142)	(131,142)	-	(147,214)	(147,214)
(Additions)/disposals in short term and fixed income deposits	(83,000,000)	-	(83,000,000)	(30,000,000)	63,914,389	33,914,389
Purchase of property and equipment	(140,137)	-	(140,137)	(330,375)	-	(330,375)
Purchase of intangible assets	(352,376)	-	(352,376)	-	-	-
Purchase of investments available for sale	(8,707,490)	(1,816,841)	(10,524,331)	-	(774,049)	(774,049)
Proceeds from disposal of investments available for sale	8,386,034	2,058,923	10,444,957	-	-	-

Net cash (used in) / from investing activities	(83,813,969)	110,940	(83,703,029)	(30,330,375)	62,993,126	32,662,751

(DECREASE)/ INCREASE IN CASH AND CASH EQUIVALENTS	(94,136,009)	(64,771)	(94,200,780)	4,229,388	52,160,227	56,389,615
Cash and cash equivalents at the beginning of the period	235,447,112	16,353,394	251,800,506	73,652,708	13,378,695	87,031,403

CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD	141,311,103	16,288,623	157,599,726	77,882,096	65,538,922	143,421,018

20 SUPPLEMENTARY INFORMATION (Continued)

d) Interim statement of cash flows (Continued)

	Three months period ended 31 March 2018 - (Unaudited) SR			Three months period ended 31 March 2017 - (Unaudited) SR
	Insurance operations	Shareholders’ operations	Total	Insurance operations	Shareholders’ operations	Total

NON-CASH TRANSACTIONS:
Change in fair value reserve for investments available for sale	771,359	1,985,584	2,756,943	(48,215)	(99,601)	(147,816)
Surplus distribution payable adjusted against insurance premium receivable from policyholders	316,999	-	316,999	-	-	-
Settlement of premium receivable from a shareholder through dividend due to them	-	-	-	1,220,384	1,220,384	2,440,768

[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