	English [member]
Start Date	2021-04-01	2020-04-01
End Date	2021-06-30	2020-06-30
Filing information [line items]
Disclosure of entity information [abstract]
Name of reporting entity	United Cooperative Assurance Co.
Company symbol code\| ISIN code	8190 \| SA121053VV10
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	2021-04-01	2020-04-01
Reporting period end date	2021-06-30	2020-06-30
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	2021-04-01	2021-04-01
End Date	2021-06-30	2021-06-30
Auditors information [line items]
Details of auditors signing report [abstract]
Name of auditor signing report	KPMG Professional Services	for Al Azem, Al Sudairy, Al Shaikh & PartnersCertified Public Accountants
Registration number of auditor	Nasser Ahmed Al ShutairyLicense No. 454	Abdullah M. Al AzemLicense No. 335
Details of audit firm [abstract]
Name of audit firm	KPMG Professional Services	for Al Azem, Al Sudairy, Al Shaikh & PartnersCertified Public Accountants
Registration number of audit firm	Nasser Ahmed Al ShutairyLicense No. 454	Abdullah M. Al AzemLicense No. 335
Contact number of audit firm	1126989595	112175000
Address of audit firm	P.O.BOX 55078 Jeddah 21534	P.O.BOX 10504 Riyadh 11443

	English [member]
Start Date	2021-04-01
End Date	2021-06-30
Auditors report [line items]
Disclosures of auditors report [text block]	We have reviewed the accompanying condensed interim statement of financial position of United Cooperative Assurance Company - a Saudi Joint Stock Company (the “Company”) as at 30 June 2021, and the related condensed interim statements of income and condensed interim comprehensive income for the three-month and six-month periods then ended and the condensed interim statements of changes in equity and cash flows for the six-month period then ended, and notes to the condensed interim financial statements. Management is responsible for the preparation and presentation of these condensed interim financial statements in accordance with International Accounting Standard 34, “Interim Financial Reporting” as endorsed in the Kingdom of Saudi Arabia. Our responsibility is to express a conclusion on these condensed interim financial statements based on our review.
Contents of auditors report [abstract]
Nature of auditors opinion	Unmodified opinion
Auditors opinion	We have reviewed the accompanying condensed interim statement of financial position of United Cooperative Assurance Company - a Saudi Joint Stock Company (the “Company”) as at 30 June 2021, and the related condensed interim statements of income and condensed interim comprehensive income for the three-month and six-month periods then ended and the condensed interim statements of changes in equity and cash flows for the six-month period then ended, and notes to the condensed interim financial statements. Management is responsible for the preparation and presentation of these condensed interim financial statements in accordance with International Accounting Standard 34, “Interim Financial Reporting” as endorsed in the Kingdom of Saudi Arabia. Our responsibility is to express a conclusion on these condensed interim financial statements based on our review.
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 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 opinionBased on our review, nothing has come to our attention that causes us to believe that the accompanying condensed interim financial statements are not prepared, in all material respects, in accordance with International Accounting Standard 34, “Interim Financial Reporting” that is endorsed in the Kingdom of Saudi Arabia.
Key audit matters	The financial statements of United Cooperative Assurance Company for the year ended 31 December 2020 and the condensed interim financial statements for the three-month period ended 31 March 2021 were audited and reviewed respectively by another auditor who has expressed an unmodified opinion and conclusion thereon vide their reports dated 31 March 2021 and 24 May 2021 respectively.
Date of signing audit report by auditor	2021-08-19

Start Date	2021-01-01	2020-01-01	2020-01-01	Note No.
End Date	2021-06-30	2020-12-31	2020-06-30
Statement of financial position [abstract]
Assets [abstract]
Insurance/ takaful operations assets [abstract]
Property and equipment, net, insurance/ takaful operations assets	11,024	10,346	6,017
Due from related parties, insurance/ takaful operations assets	6,003	0
Investment properties, insurance/ takaful operations assets	0	0
Investments in joint ventures and associates, insurance/ takaful operations assets	0	0
Investments held-to-maturity, insurance/ takaful operations assets	0	0
Deferred policy acquisition costs	11,848	12,645	12,763
Reinsurers/ retakaful share of unearned premiums/ contributions	175,801	209,598	285,664	7
Retroceded share of unearned premium	0	0
Prepayments and other assets, insurance/ takaful operations assets	57,826	67,449	44,710
Due from shareholders operations	0	0
Premiums/ insurance receivables/takaful contributions receivable, net	256,524	239,606	361,922	5
Reinsurers/ retakaful share of outstanding claims/ benefits, net	39,070	41,720	41,125	7
Retroceded share of outstanding claims	0	0
Time (Murabaha) deposits, insurance/ takaful operations assets	0	0
Deferred excess of loss premiums	0	0
Available-for-sale investments, insurance/ takaful operations assets	110,603	137,744	140,582	6
Investments held at fair value through statement of income, insurance/ takaful operations assets	0	0
Cash and cash equivalents, insurance/ takaful operations assets	11,949	51,356	162,284	4
Accrued commission income	0	0
Reinsurers/ retakaful share of mathematical reserves	121,150	126,264	119,657	7
Other assets, insurance/ takaful operations assets	12,877	12,154	6,772	8
Total insurance/ takaful operations assets	814,675	908,882	1,181,496
Shareholders assets [abstract]
Property and equipment, net, shareholders assets	0	0
Due from related parties	0	0
Investment properties, shareholders assets	0	0
Investments in joint ventures and associates, shareholders assets	0	0
Investments held-to-maturity, shareholders assets	0	0
Goodwill	78,400	78,400	78,400	9
Intangible assets	0	0
Statutory deposit	60,000	60,000	60,000	10
Prepayments and other assets, shareholders assets	1,624	1,038	1,379
Investments held at fair value through statement of income, shareholders assets	0	0
Time (Murabaha) deposits, shareholders assets	0	0
Accrued investment income	0	0
Available-for-sale investments, shareholders assets	170,258	173,278	174,199	6
Other receivables, net	0	0
Due from insurance/ takaful operations assets	0	32,675	85,418
Cash and cash equivalents, shareholders assets	1,019	10,379	4,049	4
Other assets, shareholders assets	5,251	4,904	4,541	10
Assets classified as held for sale/ distribution	0	0
Total shareholders assets	316,552	360,674	407,986
Total assets	1,131,227	1,269,556	1,589,482
Liabilities and equity [abstract]
Insurance/ takaful operations liabilities and surplus (deficit) [abstract]
Insurance/ takaful operations liabilities [abstract]
Gross unearned premiums/ contributions	0	0
Premiums/ contributions received in advance	255,479	302,452	385,393	7
Unearned commission income	25,314	34,994	43,768
Employees end of service benefits, insurance/ takaful operations liabilities	10,015	10,288	8,747	15
Accrued retroceded premium	0	0
Surplus distribution payable	37,053	37,053	37,053
Reserve for insurance/ takaful operations	0	0
Technical reserve for insurance/takaful operations	0	0
Due to shareholders operations	0	32,675	85,418
Due to related parties, insurance/ takaful operations liabilities	0	0
Reinsurers/ retakaful balance payable	143,193	156,440	279,053
Gross outstanding claims/ benefits including IBNR payable	240,580	238,066	227,554	7
Other technical reserves	36,739	39,126	32,195	7
Obligation under long-term incentive plan (LTIP)	0	0
Shares held under employees share scheme	0	0
Accrued commission payable	0	0
Accrued expenses payable, insurance/ takaful operations liabilities	59,961	45,533	69,196
Other liabilities, insurance/ takaful operations	4,968	6,397	5,876	8
Total insurance/ takaful operations liabilities	813,302	903,024	1,174,253
Insurance/ takaful operations surplus (deficit) [abstract]
Surplus (deficit) from insurance/ takaful fund	0	0
Fair value reserves on investments	-751	3,734	5,732	6
Other insurance/ takaful operations surplus (deficit)	0	0
Total insurance/ takaful operations surplus (deficit)	-751	3,734	5,732
Total insurance/ takaful operations liabilities and surplus (deficit)	812,551	906,758	1,179,985
Shareholders liabilities and equity [abstract]
Shareholders liabilities [abstract]
Zakat payable	10,846	21,750	32,936	15
Income tax payable	0	0
Due to insurance/ takaful operations	0	0
Dividend payable	0	0
Due to related parties, shareholders liabilities	6,003	0
Accrued expenses payable, shareholders liabilities	2,053	1,081	1,273
Other liabilities, shareholders liabilities	5,251	4,904	4,541	10
Liabilities directly associated with assets held for sale/distribution	0	0
Total shareholders liabilities	24,153	27,735	38,750
Shareholders equity [abstract]
Equity attributable to owners of parent [abstract]
Share capital	400,000	400,000	400,000	16
Share premium	0	0
Statutory reserve	31,944	31,944	31,944
General reserve	0	0
Fair value reserve on investments, shareholders equity	6,000	9,020	9,942	6
Retained earnings (accumulated losses)	-145,545	-108,025	-72,650
Treasury shares	0	0
Other reserves	2,124	2,124	1,511
Reserve of disposal group held for distribution/ sale	0	0
Share based payments reserve	0	0
Other equity interest		0
Total equity attributable to owners of parent	294,523	335,063	370,747
Non-controlling interests	0	0	0
Total equity attributable to equity holders of company	294,523	335,063	370,747
Total shareholders liabilities and equity	318,676	362,798	409,497
Total insurance/ takaful operations liabilities, surplus (deficit) and shareholders liabilities and equity	1,131,227	1,269,556	1,589,482

Start Date	2021-04-01	2020-04-01	2021-01-01	2020-01-01	Note No.
End Date	2021-06-30	2020-06-30	2021-06-30	2020-06-30
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	91,122	148,511	207,262	389,157	13
Excess of loss expense	2,524	1,139	4,093	2,278
Expenses incurred on gross premium written	0	0	0	0
Reinsurance/ retakaful premiums ceded	61,065	84,817	120,148	268,927
Retroceded premiums	0	0	0	0
Net premiums/ contributions written	27,533	62,555	83,021	117,952
Changes in unearned premiums/ contributions	-17,651	33,623	-13,176	74,549
Reinsurance/ retakaful share of unearned premiums/ contributions	0	0	0	0
Net premiums/ contributions earned	45,184	28,932	96,197	43,403
Reinsurance/ retakaful commissions	11,885	9,845	23,887	17,004
Investment income from insurance/ takaful operations, net	0	0	0	0
Fees and other income from insurance/ takaful operations	0	0	0	0
Other non-operating expenses, insurance/ takaful operations	0	0	0	0
Other non-operating income from insurance/ takaful operations	0	0	0	0
Other extraordinary gain (loss), insurance/ takaful operations	0	0	0	0
Total income from insurance/ takaful operations	57,069	38,777	120,084	60,407
Cost and expenses [abstract]
Net claims/ benefits incurred [abstract]
Net claims/ benefits paid [abstract]
Gross claims/ benefits paid	72,601	16,739	155,795	36,745
Reinsurance/ retakaful share of gross claims/ benefits paid	22,376	7,166	51,790	15,688
Net claims/ benefits paid	50,225	9,573	104,005	21,057
Changes in outstanding claims/ benefits including IBNR	1,330	-2,615	4,358	-7,385
Changes in reinsurance/ retakaful share of outstanding claims/ benefits	0	0	0	0
Changes in other technical reserves	0	0		0
Changes in reserve for takaful activities	0	0	0	0
Changes in other reserves	-4,726	2,037	-2,387	3,832
Net claims/ benefits incurred	46,829	8,995	105,976	17,504
Surrenders	0	0	0	0
Policy acquisition costs	5,990	3,461	12,126	5,871
Commissions earned on retroceded business	0	0	0	0
Supervision and inspection fees	0	0	0	0
Impairment charges for other assets, insurance/ takaful operations	0	0	0	0
Impairment charges for available-for-sale investments, insurance/ takaful operations	0	0	0	0
Impairment charges for held-to-maturity investments, insurance/ takaful operations	0	0	0	0
Excess of loss expense	0	0	0	0
Mudarib share of investment income, insurance/ takaful operations	0	0	0	0
Depreciation/ amortisation, insurance/ takaful operations	0	0	0	0
General and administrative expenses, insurance/ takaful operations	10,442	34,195	35,859	49,475	5
Selling and marketing expenses, insurance/ takaful operations	0	0	0	0
Investment fund fee (takaful)	0	0	0	0
Other underwriting income	0	510	418	1,151
Other underwriting expenses	866	647	1,716	1,203
Realised gain (loss) on held-to-maturity investments	0	0	0	0
Realised gain (loss) on available-for-sale investments	1,115	1,416	2,229	1,911
Realised gain (loss) on investments held at fair value through statement of income	0	0	0	0
Unrealised gain (loss) on investments held at fair value through statement of income	0	0	0	0
Share of profit (loss) of joint ventures and associates	0	0	0	0
Other cost and expenses	0	0	0	0
Total cost and expenses	63,012	45,372	153,030	70,991
Surplus (deficit) for period from insurance/ takaful operations	-5,943	-6,595	-32,946	-10,584
Shareholders appropriation from insurance/ takaful operations surplus (deficit)	-5,943	-6,595	-32,946	-10,584
Net result for period from insurance/ takaful operations after shareholders appropriation	0	0	0	0
Policyholders share of accumulated surplus, at start of period	0	0	0	0
Policyholders share of accumulated surplus, at end of period	0	0	0	0

Start Date	2021-04-01	2020-04-01	2021-01-01	2020-01-01	Note No.
End Date	2021-06-30	2020-06-30	2021-06-30	2020-06-30
Statement of shareholders operations [abstract]
Profit (loss) [abstract]
Income (loss) from continuing operations [abstract]
Shareholders appropriation of surplus (deficit) transferred from insurance/ takaful operations	-5,943	-6,595	-32,946	-10,584
Revenue [abstract]
Fee income	0	0	0	0
Commission/ profit on deposits	0	0	0	0
Investment income	1,200	6,091	2,391	7,519
Income from murabaha/ time deposits	0	0	0	0
Realised gain (loss) on held-to-maturity investments	0	0	0	0
Mudarib share of investment income, shareholders operations	0	0	0	0
Income from sukuks	0	0	0	0
Realised gain (loss) on available-for-sale investments	0	0	0	0
Realised gain (loss) on investments held as fair value through statement of income	0	0	0	0
Unrealised gain (loss) on investments held as fair value through statement of income	0	0	0	0
Amortisation of premiums on investments	0	0	0	0
Accretion of discounts on investments	0	0	0	0
Dividend income	0	0	0	0
Other income	94	0	94	0
Total revenue	1,294	6,091	2,485	7,519
Expenses [abstract]
General and administrative expenses, shareholders operations	1,345	706	2,130	965
Foreign exchange translation gains (losses)	0	0	0	0
Investment management expenses	0	0	0	0
Impairment charge for investments, shareholders operations	0	0	0	0
Impairment charges for available-for-sale investments	0	0	0	0
Impairment charges for held-to-maturity investments	0	0	0	0
Board of directors' remuneration	536	205	929	475	14
Other expenses	0	0	0	0
Total expenses	1,881	911	3,059	1,440
Income (loss) from continuing operations before zakat and income tax	-6,530	-1,415	-33,520	-4,505
Zakat expenses on continuing operations for period	1,900	1,900	3,800	3,800	15
Income tax on continuing operations for period	100	100	200	200
Profit (loss) from continuing operations	-8,530	-3,415	-37,520	-8,505
Income (loss) from discontinued operations [abstract]
Income (loss) from discontinued operations	0	0	0	0
Gain (loss) on disposal of discontinued operations	0	0	0	0
Other incidental incomes (expenses) resulting from discontinued operations	0	0	0	0
Profit (loss) from discontinued operations before zakat and income tax	0	0	0	0
Profit (loss) from discontinued operations	0	0	0	0
Profit (loss) for the period	-8,530	-3,415	-37,520	-8,505
Profit (loss), attributable to [abstract]
Profit (loss), attributable to saudi shareholders of company	-8,530	-3,415	-37,520	-8,505
Profit (loss), attributable to non-saudi shareholders of company	0	0		0
Profit (loss), attributable to non-controlling interests	0	0	0	0
Earnings per share [abstract]
Basic earnings (loss) per share [abstract]
Basic earnings (loss) per share from continuing operations	-21	-0.09	-0.94	-0.21
Basic earnings (loss) per share from discontinued operations	0	0	0	0
Total basic earnings (loss) per share	-21	-0.09	-0.94	-0.21
Diluted earnings (loss) per share [abstract]
Diluted earnings (loss) per share from continuing operations	0	0	0	0
Diluted earnings (loss) per share from discontinued operations	0	0	0	0
Total diluted earnings (loss) per share	0	0	0	0
Weighted average number of equity shares outstanding	40000000	40000000	40000000	40000000

Start Date	2021-04-01	2020-04-01	2021-01-01	2020-01-01
End Date	2021-06-30	2020-06-30	2021-06-30	2020-06-30
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]
Other comprehensive income, available-for-sale financial assets	1,000	-2,438	-4,485	5,717
Total other comprehensive income (loss), available-for-sale financial assets	1,000	-2,438	-4,485	5,717
Total other comprehensive income (loss), that will be reclassified to profit or loss	1,000	-2,438	-4,485	5,717
Total other comprehensive income (loss)	1,000	-2,438	-4,485	5,717
Total comprehensive income (loss) for period	1,000	-2,438	-4,485	5,717

Start Date	2021-04-01	2020-04-01	2021-01-01	2020-01-01
End Date	2021-06-30	2020-06-30	2021-06-30	2020-06-30
Statement of other comprehensive income, before tax [abstract]
Statement of comprehensive income [abstract]
Profit (loss) for the period	-8,530	-3,415	-37,520	-8,505
Other comprehensive income [abstract]
Components of other comprehensive income that will be reclassified to profit or loss [abstract]
Other comprehensive gains (losses) that will be reclassified to profit or loss	-556	0	-3,020	2,305
Total other comprehensive income (loss), that will be reclassified to profit or loss	-556	0	-3,020	2,305
Total other comprehensive income (loss)	-556	0	-3,020	2,305
Total comprehensive income (loss) for period	-9,086	-3,415	-40,540	-6,200
Total comprehensive income (loss) attributable to [abstract]
Total comprehensive income (loss), attributable to saudi shareholders of company	-9,086	-3,415	-40,540	-6,200

Start Date	2021-01-01	2020-01-01	Note No.
End Date	2021-06-30	2020-06-30
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	1,896	1,306
Adjustments for allocated depreciation from shareholders operations	0
Adjustments for deferred policy acquisition costs	0
Adjustments for unrealised (gains) losses on investments held as fair value through statement of income	0	0
Adjustments for (gains) losses on disposal of investments held as fair value through statement of income	0
Adjustments for employees end of service benefits	1,137	516
Adjustments for allowance for doubtful receivables	-7,558	9,487	5
Adjustments for appropriation from (surplus) deficit to shareholders operations	0
Adjustments for impairment (reversal of impairment) charges for investments, insurance/ takaful operations cash flow	0
Adjustments for impairment (reversal of impairment) charges for available-for-sale investments	0
Adjustments for impairment (reversal of impairment) charges for held-to-maturity investments	0
Adjustments for share based payments expense	0
Adjustments for bond premium amortization (accretion of discounts), net, insurance/ takaful operations cash flow	0
Adjustments for (gains) losses on disposal of property and equipment, net	0
Adjustments for (gains) losses on disposal of investments, insurance/ takaful operations cash flow	0
Adjustments for (gains) losses on disposal of available-for-sale investments	0
Adjustments for (gains) losses on disposal of held-to-maturity investments	0
Adjustment for increase (decrease) in retroceded share of unearned premium	0
Adjustment for (income) loss from joint ventures and associates, insurance/ takaful operations cash flow	0
Other adjustments to reconcile net income to net cash from insurance/ takaful operating activities	1,653	574	8
Total adjustments to reconcile net income to net cash from insurance/ takaful operations after shareholders appropriation	-2,872	11,883
Changes in operating assets and liabilities [abstract]
Adjustments for decrease (increase) in premium receivables, net	-9,360	-168,957
Adjustments for decrease (increase) in prepayments and other assets	9,622	-8,025
Adjustments for increase (decrease) in outstanding claims including IBNR	-3,406	-5,064
Adjustments for increase (decrease) in reinsurers/ retakaful balance payable	-7,327	90,514
Adjustments for increase (decrease) in retrocession balance payable	0
Adjustments for increase (decrease) in accrued expenses and other liabilities	14,428	2,239
Adjustments for increase (decrease) in accrued commission income	0
Adjustments for increase (decrease) in accrued retroceded/ reinsurance premiums	0
Adjustments for decrease (increase) in reinsurers/ retakaful share of outstanding claims, net	7,764	-2,320
Adjustments for decrease (increase) in retroceded share of outstanding claims	0
Adjustments for decrease (increase) in deferred policy acquisition costs	797	-6,319
Adjustments for decrease (increase) in deferred excess of loss expense	0
Adjustments for decrease (increase) in advances and other receivables	0
Adjustments for increase (decrease) in obligations under long-term incentive plan [LTIP]	0
Adjustments for decrease (increase) in unearned commission income	-9,680	15,999
Adjustments for decrease (increase) in due from shareholders operations	0
Adjustments for increase (decrease) in due to shareholders operations	-38,677	51,925
Adjustments for movement in gross unearned premiums/ contributions	-46,973	222,300
Adjustments for reinsurance/ retakaful share of unearned premiums/ contributions	33,797	-147,750
Adjustment for changes in other technical reserves	3,035	1,284
Adjustment for changes in other reserves	-5,422	2,547
Adjustments for other changes in operating assets and liabilities, insurance/ takaful operations cash flow	0
Total changes in operating assets and liabilities	-51,402	48,373
Net cash flows from (used in) insurance/ takaful operations	-54,274	60,256
Other inflows (outflows) of cash classified as operating activities, insurance/ takaful operations cash flow	-1,410	-1,244
Net cash flows from (used in) operating activities, insurance/ takaful operations	-55,684	59,012
Cash flows from (used in) investing activities, insurance/ takaful operations [abstract]
Time (Murabaha) deposits, insurance/ takaful operations cash flow	22,656		4
Proceeds from sales of investments, insurance/ takaful operations cash flow	0
Proceeds from sales of available-for-sale investments, insurance/ takaful operations cash flow	0
Proceeds from sales of held-to-maturity investments, insurance/ takaful operations cash flow	0
Proceeds from sales of investments held as fair value through statement of income, insurance/ takaful operations cash flow	0
Purchase of investments, insurance/ takaful operations cash flow	0	111,142	6
Purchase of available-for-sale investments, insurance/ takaful operations cash flow	0
Purchase of held-to-maturity investments, insurance/ takaful operations cash flow	0
Purchase of investments held as fair value through statement of income, insurance/ takaful operations cash flow	0
Business acquisition, net of cash and cash equivalents	0
Proceeds from sales of property and equipment, insurance/ takaful operations cash flow	0
Purchase of property and equipment, insurance/ takaful operations cash flow	4,946	315
Net cash flows from (used in) investing activities, insurance/ takaful operations	17,710	-111,457
Cash flows from (used in) financing activities, insurance/ takaful operations [abstract]
Other inflows (outflows) of cash classified as financing activities, insurance/ takaful operations cash flow	-1,433	-1,470
Net cash flows from (used in) financing activities, insurance/ takaful operations	-1,433	-1,470
Increase (decrease) in cash and cash equivalents before effect of exchange rate changes	-39,407	-53,915
Net increase (decrease) in cash and cash equivalents	-39,407	-53,915
Cash and cash equivalents at beginning of period	51,356	216,199
Cash and cash equivalents at end of period	11,949	162,284

Start Date	2021-01-01	2020-01-01	Note No.
End Date	2021-06-30	2020-06-30
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	-33,520	-4,505
Profit (loss) from discontinued operations before zakat and income tax	0	0
Net profit (loss) for period (before zakat expenses and income tax)	-33,520	-4,505
Adjustments to reconcile profit (loss) [abstract]
Adjustments for realised loss (gain) on available-for-sale investments, shareholders cash flow		-4,246
Total adjustments to reconcile profit (loss)		-4,246
Changes in operating assets and liabilities [abstract]
Adjustments for increase (decrease) in accrued expenses and other liabilities, shareholders cash flow	972	506
Adjustments for increase (decrease) in due to insurance/ takaful operations	38,677	-51,925
Adjustments for decrease (increase) in prepayments and other assets, shareholders assets	-585	-308
Total changes in operating assets and liabilities	39,064	-51,727
Net cash flows from (used in) operations	5,544	-60,478
Zakat expenses	14,904	0	15
Income taxes refund (paid)	0	0
Other inflows (outflows) of cash	0	0
Net cash flows from (used in) operating activities	-9,360	-60,478
Cash flows from (used in) investing activities [abstract]
Purchase of shares under long-term incentive plan (LTIP)	0	0
Proceeds from disposal of shares under long-term incentive plan (LTIP)	0	0
Purchase of investments	0	38,758	6
Purchase of investments held at fair value through statement of income	0	0
Proceeds from sales of investments	0	61,831
Proceeds from investments held at fair value through statement of income	0	0
Purchase of available-for-sale investments	0	0
Proceeds from disposal of available-for-sale investments	0	0
Purchase of held-to-maturity investments	0	0
Proceeds from disposal of held-to-maturity investments	0	0
Proceeds form Murabaha/ time deposits matured during the period	0	0
Purchase of term deposits investments	0	0
Acquistion of murabaha/ time deposits	0	0
Proceeds from redemption of term deposits investments	0	0
Amount paid for statutory deposit	0	0
Purchase of property and equipment	0	0
Proceeds from disposal of property and equipment	0	0
Other cash receipts from sales of equity or debt instruments of other entities	0	0
Other cash payments to acquire equity or debt instruments of other entities	0	0
Proceeds from sales of other long-term assets	0	0
Purchase of other long-term assets	0	0
Cash advances and loans made to other parties	0	0
Cash receipts from repayment of advances and loans made to other parties	0	0
Dividends received	0	0
Other inflows (outflows) of cash	0	0
Net cash flows from (used in) investing activities	0	23,073
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	-9,360	-37,405
Effect of exchange rate changes on cash and cash equivalents	0	0
Net increase (decrease) in cash and cash equivalents	-9,360	-37,405
Cash and cash equivalents at beginning of period	10,379	41,454
Cash and cash equivalents at end of period	1,019	4,049

[400100] Notes forming part of accounts

	English [member]	Note No.
Start Date	2021-04-01
End Date	2021-06-30
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.GENERALUnited Cooperative Assurance Company (“the Company”) is a Saudi Joint Stock Company registered in the Kingdom of Saudi Arabia under Commercial Registration No. 4030179955 dated 6 Jamad-al-Thani 1429H, corresponding to 6 June 2008. Registered Office address of the Company is Al-Mukmal Centre (1st and 4th floor), Prince Saud Al Faisal Street, Al Khalidiyah District, P. O. Box 5019, Jeddah 21422, Kingdom of Saudi Arabia.The activities of the Company are to transact cooperative insurance and reinsurance operations and related activities in the Kingdom of Saudi Arabia. On 29 Rabi Al Thani 1429H (5 May 2008), the Company received a license number (NMT/19/200812) from the Saudi Central Bank (“SAMA”) which is currently valid up to 30 Dhul Hijja 1442H corresponding to 9 August 2021 to engage in insurance and reinsurance business in Saudi Arabia. The Company started its operations on 1 January 2009.On 11 February 2020 corresponding to 17 Jamad-ul-Thani 1441H, the Company has received SAMA approval upon the Company’s request for the cancellation of its Reinsurance License. From the date of SAMA Approval, the Company has not assumed any reinsurance business.In accordance with the by-laws of the Company, the surplus arising from the insurance operations is distributed as follows:Transfer to shareholders’ operations90%Transfer to insurance operations10%100%In case of deficit arising from the insurance operations, the entire deficit is allocated and transferred to the shareholders’ operations in full.In accordance with Article 70 of SAMA implementing regulations, the Company proposes to distribute, subject to the approval of SAMA, its annual net policyholders’ surplus directly to policyholders at a time, and according to criteria, as set by its Board of Directors.	1
Disclosure of basis of preparation of financial statements [text block]	2.BASIS OF PREPARATION(a)Statement of complianceThe condensed interim financial statements of the Company have been prepared in accordance with ‘International Accounting Standard 34 - Interim Financial Reporting’ ("IAS 34") as endorsed in the Kingdom of Saudi Arabia and other standards and pronouncement issued by Saudi Organization for Chartered and Professional Accountants (formerly known as Saudi Organization for Certified Public Accountants). 2.BASIS OF PREPARATION – (continued)(b)Basis of presentation and measurementThese condensed interim financial statements have been prepared under going concern basis and historical cost convention except for the measurement at fair value of investments held as available-for-sale (AFS) investment and employees’ defined benefit obligations which is recognized at the present value of future obligations using the projected unit credit method. The Company’s statement of financial position is not presented using a current/non-current classification. However, the following balances would generally be classified as current: cash and cash equivalents, short term deposits, premiums and reinsurers’ receivable - net, reinsurers’ share of unearned premiums, deferred policy acquisition costs, deferred excess of loss premiums, prepaid expenses and other assets, policyholders payable, reinsurers balances payable, accrued and other liabilities, unearned premiums, unearned reinsurance commission, outstanding claims, claims incurred but not reported, premium deficiency reserve, other technical reserves and Zakat and income tax payable. All other financial statement line items would generally be classified as non-current unless stated otherwise.The Company presents its statement of financial position broadly in order of liquidity. As required by Saudi Arabian Insurance Regulations “SAMA Implementing 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. The basis of allocation of expenses from joint operations is determined and approved by the management and the Board of Directors. The physical custody of all assets related to the insurance operations and shareholders’ operations are held by the Company.The condensed interim statement of financial position, condensed interim statements of income and statement of comprehensive income and condensed interim statement of cash flows of the insurance operations and shareholders’ operations which are presented in note 19 have been provided as supplementary financial information and to comply with the requirements of the guidelines issued by SAMA Implementing Regulations and is not required by IFRS 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. In preparing the Company-level condensed interim financial statements in compliance with IAS 34, 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, transactions and unrealized gains or losses, if any, 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.As of 30 June 2021, the Company's accumulated losses reached 36% of its share capital. During the six-month period ended 30 June 2021, the Company incurred a total comprehensive loss amounting to SAR 40.5 million and has negative operating cash flows. These conditions require the Company to take certain actions to avoid uncertainties pertaining to its ability to continue as a going concern.The loss for the six-month period ended 30 June 2021 is mainly attributable to the adverse results in the motor line of business, which although have recovered, when compared with the comparative period as well as the previous quarters. Management has already formulated and implemented various performance improvement measures which, among others, include better pricing strategies, diversification of insurance portfolio, introduction of new benefits and replacement of motor third-party administrator. Results from such measures are expected to reflect positively in the remaining quarters of 2021 and such positive trend as a result of performance improvement measures is expected to continue, provided that the underlying projections of the business and economic conditions continue to be realized. The management will continue to monitor performance indicators and prevailing market conditions and make the necessary corrective actions and amend its business plan, if necessary. 2.BASIS OF PREPARATION – (continued)(b) Basis of presentation and measurement – (continued)Accordingly, management believes that the Company's operations shall continue for a foreseeable future under the normal course of business and the going concern basis used in the preparation of this condensed interim financial information remains appropriate.On 8 November 2020 corresponding to 22 Rabi Al Awwal 1442H, the Company announced on Tadawul that as on 30 September 2020, the Company’s accumulated losses reached 22% of its share capital. As of 30 June 2021, the Company’s accumulated losses reached 36% of its share capital (2020: 27%). During the six-month period 30 June 2021, the Company incurred net loss attributable to shareholders amounting to SAR 37.5 million (30 June 2020: SAR 8.5 million) and has a negative operating cash flow. These conditions raised uncertainty on the Company’s ability to continue as a going concern. However, management of the Company has prepared a business plan and is confident of having positive outcome of the strategy and believes that the Company’s operations shall continue for foreseeable future under the normal course of business and is satisfied that the going concern basis of preparation of these condensed interim financial statements is appropriate. Accordingly, these condensed interim financial statements have been prepared on the going concern basis.(c)Functional and presentation currencyThese condensed interim financial statements have been presented in Saudi Arabian Riyals (“SAR”), which is also the functional currency of the Company. All financial information presented in SAR have been rounded off to the nearest thousands, except where otherwise indicated.(d)Fiscal yearThe Company follows a fiscal year ending 31 December.(e)Critical accounting judgments estimates and assumptionsThe preparation of condensed interim financial statements 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 expenses. Actual results may differ from these estimates.In preparing these condensed interim financial statements, 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 statements as at and for the year ended 31 December 2020. However, the Company has reviewed the key sources of estimation uncertainties disclosed in the last annual financial statements against the backdrop of the COVID-19 pandemic. For further details, please see note 20 to these condensed interim financial statements. Management will continue to assess the situation and reflect any required changes in future reporting periods.(f)Seasonality of operationsThere are no seasonal changes that may affect insurance operations of the Company.	2
Disclosure of accounting framework used in preparation of financial statements [text block]	3.SIGNIFICANT ACCOUNTING POLICIESThe accounting policies adopted by the Company for the preparation of these condensed interim financial statements are in accordance with International Financial Reporting Standards (IFRS), as endorsed in the Kingdom of Saudi Arabia and are consistent with those used for the preparation of the annual financial statements for the year ended 31 December 2020 and new amended IFRS and IFRS Interpretations Committee Interpretations (IFRIC) as mentioned in note 3(a) which had no significant impact on the financial position or financial performance of the Company. The accounting policies used in the preparation of the financial statements are consistently applied to all the years presented unless stated otherwise. (a)New IFRS, International Financial Reporting and Interpretations Committee’s interpretations (IFRIC) and amendments thereof, adopted by the Company.A number of amended standards became applicable for the current reporting period. The Company did not have to change its accounting policies or make retrospective adjustments as a result of adopting these amended standards.(b)Standards issued but not yet effectiveStandards issued but not yet effective up to the date of issuance of the Company’s condensed interim 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 are effective.Standard/ InterpretationDescriptionIFRS 17Insurance Contracts IFRS 9Financial InstrumentsIAS 1Classification of Liabilities as Current or Non-currentIAS 1 & IFRS Practice Statement 2Disclosure of Accounting PoliciesIAS 8Definition of Accounting EstimatesIAS 37Onerous contracts: Cost of Fulfilling a contractIAS 16Property, Plant and Equipment: Proceeds before Intended UseIFRS 3Reference to Conceptual FrameworkIFRS 10 and IAS 28Sale or Contribution of Assets between an Investor and its Associate or Joint VentureAnnual ImprovementsAnnual Improvements to IFRS Standards 2018-2020IFRS 9 - Financial InstrumentsThis standard was published on 24 July 2014 and has replaced IAS 39. The new standard addresses the following items related to financial instruments:a)Classification and measurement:IFRS 9 uses a single approach to determine whether a financial asset is measured at amortized cost, fair value through other comprehensive income or fair value through profit or loss. A financial asset is measured at amortized cost if both:the asset is held within a business model whose objective is to hold assets in order to collect contractual cash flows; andthe contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding (“SPPI”).3. SIGNIFICANT ACCOUNTING POLICIES – (continued)(b)Standards issued but not yet effective (continued)IFRS 9 - Financial Instruments – (continued)The financial asset is measured at fair value through other comprehensive income and realized gains or losses would be recycled through profit or loss upon sale, if both conditions are met:the asset is held within a business model whose objective is to hold assets in order to collect contractual cash flows and for sale; andthe contractual terms of cash flows are SPPI.Debt financial assets not meeting either of these categories are measured at fair value through profit or loss. Additionally, at initial recognition, an entity can use the option to designate a financial asset, both debt and equity instrument at fair value through profit or loss if doing so eliminates or significantly reduces an accounting mismatch.For equity instruments that are not held for trading, an entity can also make an irrevocable election to present in other comprehensive income subsequent changes in the fair value of the instruments (including realized gains and losses), dividends being recognized in statement of income.Additionally, for financial liabilities that are designated as at fair value through profit or loss, the amount of change in the fair value of the financial liability that is attributable to changes in the credit risk of that liability is recognized in other comprehensive income, unless the recognition of the effects of changes in the liability’s credit risk in other comprehensive income would create or enlarge an accounting mismatch in statement of income.b)Impairment:The impairment model under IFRS 9 reflects expected credit losses, as opposed to incurred credit losses under IAS 39. Under the IFRS 9 approach, it is no longer necessary for a credit event to have occurred before credit losses are recognized. Instead, an entity always accounts for expected credit losses and changes in those expected credit losses. The amount of expected credit losses is updated at each reporting date to reflect changes in credit risk since initial recognition.c)Hedge accounting:IFRS 9 introduces new requirements for hedge accounting that align hedge accounting more closely with Risk Management. The requirements establish a more principles-based approach to the general hedge accounting model. The amendments apply to all hedge accounting with the exception of portfolio fair value hedges of interest rate risk (commonly referred to as “fair value macro hedges”). For these, an entity may continue to apply the hedge accounting requirements currently in IAS 39. This exception was granted largely because the IASB is addressing macro hedge accounting as a separate project.Effective dateThe published effective date of IFRS 9 was 1 January 2018. However, amendments to IFRS 4 – Insurance Contracts: Applying IFRS 9 – Financial Instruments with IFRS 4 – Insurance Contracts, published on 12 September 2016, changes the existing IFRS 4 to allow entities issuing insurance contracts within the scope of IFRS 4 to mitigate certain effects of applying IFRS 9 before the IASB’s new insurance contract standard (IFRS 17 – Insurance Contracts) becomes effective. The amendments introduce two alternative options: 3.SIGNIFICANT ACCOUNTING POLICIES – (continued) 1.apply a temporary exemption from implementing IFRS 9 until the earlier ofthe effective date of a new insurance contract standard; orannual reporting periods beginning on or after 1 January 2021. On 17 March 2020, the International Accounting Standards Board (“IASB”) decided to extend the effective date of IFRS 17 and the IFRS 9 temporary exemption in IFRS 4 from 1 January 2021 to 1 January 2023. Additional disclosures related to financial assets are required during the deferral period. This option is only available to entities whose activities are predominately connected with insurance and have not applied IFRS 9 previously; or2.Adopt IFRS 9 but, for designated financial assets, remove from profit or loss the effects of some of the accounting mismatches that may occur before the new insurance contract standard is implemented. During the interim period, additional disclosures are required.The Company has performed a detailed assessment beginning 1 January 2017: (1) The carrying amount of the Company’s liabilities arising from contracts within the scope of IFRS 4 (including deposit components or embedded derivatives unbundled from insurance contracts) were compared to the total carrying amount of all its liabilities; and (2) the total carrying amount of the company’s liabilities connected with insurance were compared to the total carrying amount of all its liabilities. Based on these assessments the Company determined that it is eligible for the temporary exemption. Consequently, the Company has decided to defer the implementation of IFRS 9 until the effective date of the new insurance contracts standard. Disclosures related to financial assets required during the deferral period are included in the Company’s annual financial statements for the year ended 31 December 2020.Impact assessmentAs at 30 June 2021, the Company has total financial assets and insurance related assets amounting to SAR 806.93 million (31 December 2020: SAR 883.82 million) and SAR 604.39 million (31 December 2020: SAR 640.81 million), respectively. Currently, financial assets held at amortized cost consist of cash and cash equivalents and certain other receivables amounting to SAR 44.07 million (31 December 2020: SAR 106.89 million). Other financial assets consist of available for sale investments amounting to SAR 280.86 million (31 December 2020: SAR 281.79 million).As at 30 June 2021 these debt securities are measured at fair value of SAR 253.2 million (31 December 2020: SAR 261 million) with changes in fair value during the year of SAR 7.51 million (31 December 2020: SAR 4.49 million). Other financial assets have a fair value of SAR 27.05 million (31 December 2020: SAR 27.35 million) as at 30 June 2021 with a fair value change during the period of SAR 1.51 million (31 December 2020: SAR 0.62 million).The Company’s financial assets have low credit risk as at 30 June 2021 and 31 December 2020. The above is based on high-level impact assessment of IFRS 9. This preliminary assessment is based on currently available information and may be subject to changes arising from further detailed analyses or additional reasonable and supportable information being made available to the Company in the future. Overall, the Company expects some effect of applying the impairment requirements of IFRS 9: However, the impact of the same is not expected to be significant. At present it is not possible to provide reasonable estimate of the effects of application of this new standard as the Company is yet to perform a detailed review. 3.SIGNIFICANT ACCOUNTING POLICIES – (continued) IFRS 17 – Insurance Contracts The CSM is adjusted subsequently for changes in cash flows related to future services but the CSM cannot be negative, so changes in future cash flows that are greater than the remaining CSM are recognized in profit or loss. The effect of changes in discount rates will be reported in either profit or loss or other comprehensive income, determined by an accounting policy choice.The Variable Fee Approach (VFA) is a mandatory model for measuring contracts with direct participation features (also referred to as ‘direct participating contracts’). This assessment of whether the contract meets these criteria is made at inception of the contract and not reassessed subsequently. For these contracts, the CSM is also adjusted for in addition to adjustment under general model;i)changes in the entity’s share of the fair value of underlying items,ii)changes in the effect of the time value of money and financial risks not relating to the underlying items.In addition, a simplified Premium Allocation Approach (PAA) is permitted for the measurement of the liability for the remaining coverage if it provides a measurement that is not materially different from the general model or if the coverage period for each contract in the group is one year or less. With the PAA, the liability for remaining coverage corresponds to premiums received at initial recognition less insurance acquisition cash flows. The general model remains applicable for the measurement of incurred claims. However, the entity is not required to adjust future cash flows for the time value of money and the effect of financial risk if those cash flows are expected to be paid/received in one year or less from the date the claims are incurred.Effective dateThe IASB issued an Exposure Draft Amendments to IFRS 17 during June 2019 and received comments from various stakeholders. The IASB is currently re-deliberating issues raised by stakeholders. For any proposed amendments to IFRS 17, the IASB will follow its normal due process for standard-setting. The effective date of IFRS 17 and the deferral of the IFRS 9 temporary exemption in IFRS 4, is currently January 1, 2023. 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.TransitionA 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.Presentation and DisclosuresThe Company expects that the new standard will result in a change to the accounting policies for insurance contracts together with amendments to presentation and disclosures.ImpactThe Company has completed the design of IFRS 17 requirements. As of the date of the publication of these condensed interim financial statements, the financial impact of adopting the standard has yet to be fully assessed by the Company. The Company has undertaken a Gap Analysis, and the key areas of Gaps are as follows: 3.SIGNIFICANT ACCOUNTING POLICIES – (continued) IFRS 17 – Insurance Contracts (continued)Impact AreaSummary of ImpactFinancial Impact Company is still assessing full financial impactData Impact / IT SystemsConceptual design of New chart of accounts has been developed for PAA/ GMM / VFAActuarial and accounting data requirements have been developed at more granular levelDiscount rates will need to be stored for group of contracts and tracked for interest accretion calculation under GMM / VFAEmbedded risk adjustment calculation in the actuarial system. Confidence interval numbers to be sourced for risk adjustment.Conceptual design for identification of key inputs for onerous contracts test as well as defining ‘facts and circumstance’ for PAA contracts has been developedConceptual design for calculation and tracking of contractual service marginProcess ImpactConceptual design for Finance, actuarial, underwriting and IT processes has been built suitable for IFRS 17 together with new set of governance framework. New controls dealing with IFRS 17 will be developed during the implementation phaseNew reconciliation processes to be put in place between accounting, actuarial and underwriting data sourcesConceptual design for new accounting policies each suitable for measurement model and technical decisions have been identified for each areaMonitor terms and conditions attaching to insurance contractsConceptual design for new expense allocation process, acquisition costs, claims settlement costs and underwriting costs has been put in place to identify profitability at a contract level.System to track coverage period for future products need to be put in placeImpact on Policies & Control FrameworksNew Steering committee for IFRS 17 has been establishedProject plan for design and implementation has been set up at activities levelThe Company has started with their implementation process and have set up an implementation committee. The Company submitted IFRS 17 Phase 3 Implementation plan report to SAMA in May 2021 to comply with the regulatory requirement for the design phase. SAMA has issued instructions to the Company for Phase 4 in July 2021 where the results of first dry run needs to be submitted by 30 November 2021.	3
Disclosure of summary of significant accounting policies [abstract]
Description of accounting policy for cash and cash equivalents [text block]	4.CASH AND CASH EQUIVALENTS AND SHORT-TERM DEPOSITS4.1 CASH AND CASH EQUIVALENTSCash and cash equivalents included in the condensed interim statement of cash flows comprise the following:30 June 2021(Unaudited)SAR’00031 December 2020(Audited)SAR’000Insurance operationsBank balances11,94951,356Shareholders’ operationsBank balances 1,01910,379Total 12,96861,7354.2 SHORT-TERM DEPOSITS30 June 2021 (Unaudited)SAR’00031 December 2020(Audited)SAR’000Insurance operationsShort term deposits-22,656a.Short term deposits represent deposits with local banks that have investment grade credit rating and have an original maturity of more than three months from the date of acquisition.b.These deposits earn commission at an average rate of Nil as at 30 June 2021 (31 December 2020: 2.35%).	4
Description of accounting policy for premiums/ contributions and insurance/ reinsurance or takaful/ retakaful balance receivables [text block]	5-أقساط تأمين وإعادة تأمين مدينة - بالصافيتتألف الذمم المدينة من مبالغ مطلوبة من الأطراف التالية:30 يونيو 2021(غير مراجعة)بآلاف الريالات السعودية31 ديسمبر 2020(مراجعة)بآلاف الريالات السعوديةحملة وثائق التأمين182,494162,637الوسطاء والوكلاء3,3673,510أطراف ذات علاقة (إيضاح 14)141,612156,398ذمم مدينة من معيدي التأمين11,2366,804338,709329,349مخصص ذمم مدينة مشكوك في تحصيلها(82,185)(89,743)أقساط تأمين وإعادة تأمين مدينة - بالصافي256,524239,606ان الحركة في مخصص الذمم المدينة المشكوك في تحصيلها خلال الفترة / السنة كما يلي:30 يونيو 2021(غير مراجعة)بآلاف الريالات السعودية31 ديسمبر 2020(مراجعة)بآلاف الريالات السعوديةالرصيد في بداية الفترة / السنة89,74383,920(عكس) / مخصص خلال الفترة / السنة(7,558)5,823الرصيد في نهاية الفترة / السنة82,18589,743	5
Disclosure of notes forming part of accounts [abstract]
Disclosure of leases [text block]	8.LEASES8.1RIGHT-OF-USE ASSETS – NETBuilding30 June 2021(Unaudited)SAR’00031 December 2020(Audited)SAR’000Cost:At beginning of the period / year9,608-Additions during the period / year-9,608Deletion during the period / year(86)-At end of the period / year9,5229,608Accumulated depreciation:At beginning of the period / year2,052-Additions during the period / year1,5912,052Deletions during the period / year(28)-At end of the period / year3,6152,052Net book value5,9077,5568.2LEASE LIABILTIES30 June 2021 (Unaudited)SAR’00031 December 2020(Audited)SAR’000At beginning of the period / year6,397-Additions during the period / year-9,608Deletions during the period / year(58)-Finance cost62187Payments during period / year(1,433)(3,398)At end of the period / year4,9686,397	8
Disclosure of investments in available-for-sale investments [text block]	6.INVESTMENTSAvailable-for-sale investments30 June 2021(Unaudited)SAR’00031 December 2020(Audited)SAR’000Insurance operations (note 6.1)110,603115,088Shareholders’ operations (note 6.2)170,258173,278280,861288,3666.1Insurance operationsMovement during the period / year is as follows:30 June 2021 (Unaudited)SAR’00031 December 2020(Audited)SAR’000Opening balance115,088227Purchases during the period / year-111,142Changes in fair value of investments(4,485)3,719Closing balance110,603115,088Investment in sukuk110,374114,859Investment in mutual funds229229110,603115,088 6.INVESTMENTS - (continued)6.2Shareholders’ operationsMovement during the period / year is as follows:30 June 2021 (Unaudited)SAR’00031 December 2020(Audited)SAR’000Opening balance173,278190,721Purchases during the period / year-38,759Disposals during the period / year-(61,831)Realized gain on investments-4,246Changes in fair value of investments(3,020)1,383Closing balance170,258173,278Investment in equity shares (Note 6.3)6,5936,580Investment in sukuk143,223146,149Investment in mutual funds20,44220,549170,258173,2786.3 This includes 3.85% (31 December 2020: 3.85%) shareholding in Najm for Insurance Services Company, a Saudi Closed Joint Stock Company which is carried at cost. In the absence of reliable financial information, management believes that fair values cannot be ascertained reliably. Therefore, this investment has been carried at cost.	6
Disclosure of statutory deposit [text block]	10.STATUTORY DEPOSIT30 June 2021(Unaudited)SAR’00031 December 2020(Audited)SAR’000Statutory deposit60,00060,000In compliance with Article 58 of the Implementing Regulations of the Saudi Central Bank ("SAMA"), the Company deposited an amount equivalent to 15% of its paid up share capital, amounting to SAR 60 million in a bank designated by the Saudi Central Bank (“SAMA”). This statutory deposit cannot be withdrawn without the consent of SAMA and commission accruing on this deposit is payable to SAMA.In accordance with instructions received from SAMA vide their circular dated 1 March 2016, the Company has disclosed the commission due on the statutory deposit as an asset and a liability in these condensed interim financial positions.	10
Disclosure of gross unearned premiums/ contributions [text block]	7.TECHNICAL RESERVES7.1Net outstanding claims and reservesNet outstanding claims and reserves comprise of the following:30 June 2021(Unaudited)SAR’00031 December 2020(Audited)SAR’000Outstanding claims68,72262,921Claims incurred but not reported160,542169,749229,264232,670Premium deficiency reserve20,32625,748Other technical reserves16,41313,378266,003271,796Less:- Reinsurers’ share of outstanding claims(39,070)(41,720)- Reinsurers’ share of claims incurred but not reported(121,150)(126,264)(160,220)(167,984)Net outstanding claims and reserves105,783103,8127.2Movement in unearned premiumsMovement in unearned premiums comprise of the following:Six-month period ended 30 June 2021(Unaudited)GrossReinsuranceNetSAR’000Balance as at the beginning of the period302,452(209,598)92,854Premium written / (ceded) during the period207,262(124,241)83,021Premium earned during the period(254,235)158,038(96,197)Balance as at the end of the period255,479(175,801)79,678Year ended 31 December 2020(Audited)GrossReinsuranceNetSAR’000Balance as at the beginning of the year163,093(137,914)25,179Premium written / (ceded) during the year616,861(416,754)200,107Premium earned during the year(477,502)345,070(132,432)Balance as at the end of the year302,452(209,598)92,854	7
Disclosure of zakat [text block]	15.ZAKAT AND INCOME TAXa.Provision for zakat and income taxThe zakat and income tax payable by the Company has been calculated in accordance with zakat and income tax regulations in the Kingdom of Saudi Arabia.The movement in the zakat and income tax payable is as follows:30 June2021(Unaudited)31 December 2020(Audited)SAR’000Balance at the beginning of the period / year20,85028,136Charge for the current period / year3,8007,900Charge for the prior years-20,000Paid during the period / year(14,904)(35,186)Balance at the end of the period / year9,74620,850The movement in the income tax payable is as follows:30 June2021 (Unaudited)31 December 2020(Audited)SAR’000Balance at the beginning of the period / year900800Charge for the period / year200100Balance at the end of the period / year1,100900Total10,84621,750 15.ZAKAT AND INCOME TAX – (continued)a.Provision for zakat and income tax – (continued)The differences between the financial and the zakatable/taxable results are mainly due to certain adjustments in accordance with the relevant fiscal regulations.Zakat base has been computed based on the Company’s understanding of the zakat regulations enforced in the Kingdom of Saudi Arabia. The zakat regulations in Saudi Arabia are subject to different interpretations, and the assessments to be raised by the Zakat, tax and customs authority (ZATCA) could be different from the declarations filed by the Company.b.Status of zakat assessmentsThe Zakat is applicable on 99% of the shareholders while income tax on 1% of the shareholders.The Company has filed its zakat and income tax declarations for the years ended 31 December 2009 to 2019 and obtained restricted zakat and tax certificates.Years 2009 – 2011The Company has filed its Zakat/tax declarations for the years ended 31 December 2009 to 2011 and obtained the necessary Zakat/tax certificates. ZATCA issued the amended assessment based on the decision of the Preliminary Objection Committee and claimed additional Zakat and tax and withholding tax for a total of SAR 27,096,603. The Company settled the said differences. Also, the Company is intended to settle the delay fine related to withholding of SAR 2,384,673.Years 2012 and 2013The Company has filed its Zakat/tax declarations for the years ended 31 December 2012 and 2013 and obtained the necessary Zakat/tax certificates. ZATCA issued an assessment for the years 2012 and 2013 claiming additional Zakat Tax and withholding tax liability of SAR 15,840,058. The Company will proceed for final settlement with the Dispute Resolution Committee and expect to settle about SAR 7,046,592.Years 2014 to 2018The Company has filed its Zakat/tax declarations for the years ended 31 December 2014 to 2018 and obtained the necessary Zakat/tax certificates. ZATCA issued an assessment for the years 2014, 2015 and 2018 claiming additional Zakat and withholding tax liability in addition to the delay fine. The Company had finalized its Zakat, tax and withholding tax for the said years.Year 2016 and 2017ZTCA issued an assessment claiming additional Zakat, tax and delay fine for the years 2016 and 2017. The Company had finalized its Zakat, tax and withholding tax for the said years.Year 2019 - 2020The Company filed the Zakat return for the years 2019 – 2020 . The ZATCA has not yet finalized the study of the return for the said year	15
Disclosure of earnings per share [text block]	18.BASIC AND DILUTED LOSS PER SHARELoss per share for the period has been calculated by dividing the net loss for the period by the weighted average number of issued and outstanding shares for the period.	18
Disclosure of related party transactions [text block]	14.RELATED PARTY TRANSACTIONS AND BALANCESRelated parties represent major shareholders, directors and key management personnel of the Company, and companies of which they are principal owners and any other entities controlled, jointly controlled or significantly influenced by them. Pricing policies and terms of these transactions are approved by the Company’s management and Board of Directors.14.1 TRANSACTIONS WITH RELATED PARTIESThe following are the details of the significant related parties’ transactions during the period:Nature of transactionsThree-month period ended 30 JuneSix-month period ended 30 June2021202020212020SAR’000SAR’000SAR’000SAR’000(Unaudited)(Unaudited)(Unaudited)(Unaudited)Major shareholdersHaji Hussien Ali RezaPremium written1,6421,9033,8474,655Payments received and claims paid(2,299)(3)(5,361)(3,265)Saudi Bin Laden – GroupPremium written17,0272,94220,365106,865Payments received and claims paid(8,430)(5,272)(17,117)(23,672)Construction Product CompanyPremium written1,3921,4756,8727,031Payments received and claims paid(22,054)(1,580)(23,234)(2,186) 14.RELATED PARTY TRANSACTIONS AND BALANCES – (continued)14.1 TRANSACTIONS WITH RELATED PARTIES – (continued)Nature of transactionsThree-month period ended 30 JuneSix-month period ended 30 June2021202020212020SAR’000SAR’000SAR’000SAR’000(Unaudited)(Unaudited)(Unaudited)(Unaudited)Entities controlled, jointly controlled or significantly influenced by related partiesUnited Commercial AgenciesPayment made on behalf of company-150697150Law Office of Hassan MahassniPremium written-455-1,109Payments received and claims paid-(642)(142)(784)Middle East GroupPremium written-222222Payments received and claims paid(3)(12)(16)(12)14.2 RELATED PARTIES BALANCESBalance receivable / (payable) as at30 June 2021(Unaudited)31 December2020(Audited)SAR’000Premium receivableHaji Hussien Ali Reza6,6738,187Saudi Bin Laden – Group130,623127,375Construction Product Company4,26120,623Law Office of Hassan Mahassni55197Middle East Group-16141,612156,398Other balancesUnited Commercial Agencies697697Other balances are included in prepayments and other assets, policyholders payables and accrued expenses and other liabilities.Key management personnel are persons having authority and responsibility for planning, directing and controlling the activities of the Company, directly or indirectly and comprise top management executives including the Chief Executive Officer and the Chief Financial Officer of the Company. 14.RELATED PARTY TRANSACTIONS AND BALANCES – (continued)14.2 RELATED PARTIES BALANCES – (continued)The following table shows the annual salaries, remuneration and allowances obtained by the key management personnel for the period ended 30 June 2021 and 30 June 2020:Six-month period ended30 June20212020SAR’000SAR’000(Unaudited)(Unaudited)Salaries and other allowances2,9062,600End of service indemnities1941063,1002,706Remuneration to those charged with governance929475	14
Disclosure of capital management [text block]	Objectives are set by the Company to maintain healthy capital ratios in order to support its business objectives and maximize shareholders’ value.The Company manages its capital requirements by assessing shortfalls between reported and required capital levels on a regular basis. Adjustments to current capital levels are made in light of changes in market conditions and risk characteristics of the Company’s activities. In order to maintain or adjust the capital structure, the Company may adjust the amount of dividends paid to shareholders or issue shares.The Company manages its capital to ensure that it is able to continue as going concern and comply with the regulators’ capital requirements of the markets in which the Company operates while maximizing the return to stakeholders through the optimization of the debt and equity balance. The capital structure of the Company consists of equity attributable to equity holders comprising paid share capital, reserves and retained earnings or accumulated losses.	17
Disclosure of commitments and contingencies, general [text block]	11.COMMITMENTS AND CONTINGENCIES30 June2021(Unaudited)SAR’00031 December 2020(Audited)SAR’000Letters of guarantee issued in favour of ZATCA22,09622,096Letters of guarantee issued in favour of non-government customers1,4001,400Total23,49623,496a.The Company has capital commitments outstanding as at 30 June 2021 amounting to SAR 19.3 million (31 December 2020: SAR 19.67 million) in respect of software development project.b.As at 30 June 2021, the Company’s bankers have given guarantees to non-government customers amounting to SAR 1.40 million (2020: SAR 1.4 million) in respect of motor insurance and to the ZATCA amounting to SAR 22.1 million (2020: SAR 22.1 million) in respect of a disputed assessment order (also see note 15) which is deposited with a bank and is included in prepaid expenses and other assets.c.Note 15 for the status of open zakat and income tax assessments.	11
Disclosure of fair value of financial assets and liabilities [text block]	Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value measurement is based on the presumption that the transaction takes place either:-in the accessible principal market for the asset or liability, or-in the absence of a principal market, in the most advantageous accessible market for the asset or liability.The fair values of financial instruments are not significantly different from their carrying amounts included in the condensed interim financial statements. 12.FAIR VALUES OF FINANCIAL INSTRUMENTS – (continued)Determination of fair value and fair value hierarchyThe Company uses the following hierarchy for determining and disclosing the fair value of financial instruments:Level 1: quoted prices in active markets for the same or identical instrument that an entity can access at the measurement date;Level 2: quoted prices in active markets for similar assets and liabilities or other valuation techniques for which all significant inputs are based on observable market data; andLevel 3: valuation techniques for which any significant input is not based on observable market data.The following table shows the fair values of financial assets, including their levels in the fair value hierarchy for financial instruments measured at fair value. It does not include fair value information for financial assets not measured at fair value if the carrying amount is a reasonable approximation to fair value. The fair value is also the carrying value of these financial assets.30 June 2021 (Unaudited)Level 1Level 2Level 3TotalSAR’ 000SAR’ 000SAR’ 000SAR’ 000Financial assets measured at fair valueEquity securities and mutual funds-Insurance operations229--229-Shareholders’ operations25,112--25,112Debt securities -Insurance operations110,374--110,374-Shareholders’ operations38,490104,733-143,223174,205104,733-278,9381,923280,86131 December 2020 (Audited)Level 1Level 2Level 3TotalSAR’ 000SAR’ 000SAR’ 000SAR’ 000Financial assets measured at fair valueEquity securities and mutual funds-Insurance operations229--229-Shareholders’ operations25,206--25,206Debt securities -Insurance operations114,859--114,859-Shareholders’ operations40,055106,094-146,149180,349106,094-286,4431,923 288,366 Available-for-sale investment amounting to SAR 1.9 million (2020: SAR 1.9 million) is carried at cost as its fair value cannot be measured reliably.	12
Disclosure of comparative figures [text block]	19.SUPPLEMENTARY INFORMATIONAs required by the Implementing Regulations of SAMA, the condensed interim statement of financial position, condensed interim statement of income, condensed interim statement of comprehensive income and condensed interim statement of cash flows separately for insurance operations and shareholders’ operations are as follows:a)Condensed interim statement of financial position30 June 2021(Unaudited)31 December 2020(Audited)Insurance operationsShare-holders’ operationsTotalInsurance operationsShare-holders’ operationsTotalSAR’000ASSETSCash and cash equivalents11,9491,01912,96851,35610,37961,735Short term deposits---22,656-22,656Premiums and reinsurers’ receivable – net256,524-256,524239,606-239,606Reinsurers’ share of unearned premiums175,801-175,801209,598-209,598Reinsurers’ share of outstanding claims39,070-39,07041,720-41,720Reinsurers’ share of claims incurred but not reported121,150-121,150126,264-126,264Deferred policy acquisition costs11,848-11,84812,645-12,645Investments110,603170,258280,861115,088173,278288,366Due to/from insurance operations6,003-6,003-32,67532,675Prepaid expenses and other assets57,8261,62459,45067,4491,03868,487Property and equipment – net11,024-11,02410,346-10,346Intangible assets6,970-6,9704,598-4,598Right-of-use asset – net5,907-5,9077,556-7,556Goodwill-78,40078,400-78,40078,400Statutory deposit-60,00060,000-60,00060,000Accrued commission income on statutory deposit-5,2515,251-4,9044,904814,675316,5521,131,227908,882360,6741,269,556Less: Inter-operations eliminations(6,003)-(6,003)-(32,675)(32,675)TOTAL ASSETS808,672316,5521,125,224908,882327,9991,236,881 19.SUPPLEMENTARY INFORMATION – (continued)a)Condensed interim statement of financial position – (continued)30 June 2021(Unaudited)31 December 2020(Audited)Insurance operationsShare-holders’ operationsTotalInsurance operationsShare-holders’ operationsTotalSAR’000LIABILITIESPolicyholders payable11,316-11,3165,396-5,396Accrued and other liabilities59,9612,05362,01445,5331,08146,614Reinsurers balances payable143,193-143,193156,440-156,440Unearned premiums255,479-255,479302,452-302,452Unearned reinsurance commission25,314-25,31434,994-34,994Outstanding claims68,722-68,72262,921-62,921Claims incurred but not reported160,542-160,542169,749-169,749Premium deficiency reserve20,326-20,32625,748-25,748Other technical reserves16,413-16,41313,378-13,378Due to/from shareholders’ operations-6,0036,00332,675-32,675Employees’ defined benefit obligations10,01510,01510,288-10,288Lease liabilities4,968-4,9686,397-6,397Insurance operations’ surplus37,053-37,05337,053-37,053Zakat and income tax payable-10,84610,846-21,75021,750Accrued commission income on statutory deposit payable to SAMA-5,2515,251-4,9044,904813,30224,153837,455903,02427,735930,759Less: Inter-operations eliminations-(6,003)(6,003)(32,675)-(32,675)813,30218,150831,452870,34927,735898,084Fair value reserve on investments - insurance operations(751)-(751)3,734-3,734TOTAL LIABILITIES AND INSURANCE OPERATIONS RESERVE812,55118,150830,701874,08327,735901,818EQUITYShare capital-400,000400,000-400,000400,000Statutory reserve-31,94431,944-31,94431,944Accumulated losses-(145,545)(145,545)-(108,025)(108,025)Fair value reserve on investments-6,0006,000-9,0209,020Re-measurement reserve of employees’ defined benefit obligations2,124-2,1242,124-2,124TOTAL EQUITY2,124292,399294,5232,124332,939335,063TOTAL LIABILITIES, INSURANCE OPERATIONS RESERVE AND EQUITY814,675310,5491,125,224876,207360,6741,236,881 19.SUPPLEMENTARY INFORMATION – (continued)b)Condensed interim statement of incomeThree-month period ended 30 June (Unaudited)Insurance operationsShare-holders’ operations2021TotalInsurance operationsShare-holders’ operations2020TotalSAR’000REVENUESGross premiums written91,122-91,122148,511-148,511Reinsurance premiums ceded-Local(2,892)-(2,892)(6,738)-(6,738)-Foreign(58,173)-(58,173)(78,079)-(78,079)(61,065)-(61,065)(84,817)-(84,817)Excess of loss expenses-Local(546)-(546)(171)-(171)-Foreign(1,978)-(1,978)(968)-(968)(2,524)-(2,524)(1,139)-(1,139)Net premiums written27,533-27,53362,555-62,555Changes in unearned premiums, net17,651-17,651(33,623)-(33,623)Net premiums earned45,184-45,18428,932-28,932Reinsurance commissions earned11,885-11,8859,845-9,845TOTAL REVENUES57,069-57,06938,777-38,777UNDERWRITING COSTS AND EXPENSESGross claims paid72,601-72,60116,739-16,739Reinsurers’ share of claims paid(22,376)-(22,376)(7,166)-(7,166)Net claims50,225-50,2259,573-9,573Changes in outstanding claims, net4,880-4,8801,794-1,794Changes in claims incurred but not reported, net(3,550)-(3,550)(4,409)-(4,409)Net claims incurred51,555-51,5556,958-6,958Premium deficiency reserve(5,175)-(5,175)(111)-(111)Other technical reserves449-4492,148-2,148Policy acquisition costs5,990-5,9903,461-3,461Other underwriting expenses866-866647-647TOTAL UNDERWRITING COSTS AND EXPENSES53,685-53,68513,103-13,103NET UNDERWRITING RESULT3,384-3,38425,674-25,674 19.SUPPLEMENTARY INFORMATION – (continued)b)Condensed interim statement of income – (continued)Three-month period ended 30 June (Unaudited)Insurance operationsShare-holders’ operations2021TotalInsurance operationsShare-holders’ operations2020TotalSAR’000OTHER OPERATING (EXPENSES) / INCOMEGeneral and administrative expenses(20,788)(1,345)(22,133)(20,395)(706)(21,101)Provision for doubtful receivables10,346-10,346(13,800)-(13,800)Board remuneration-(536)(536)-(205)(205)Amortization of held to maturity investments------Commission income on investments1,1151,2002,3151,4161,8453,261Realized gain on investments----4,2464,246Other income-9494510-510TOTAL OTHER OPERATING (EXPENSES) / INCOME, NET(9,327)(587)(9,914)(32,269)5,180(27,089)(LOSS) / INCOME FOR THE PERIOD(5,943)(587)(6,530)(6,595)5,180(1,415)SHAREHOLDERS’ ABSORPTION OF LOSS / (INCOME)5,943(5,943)-6,595(6,595)-NET LOSS FOR THE PERIOD AFTER SHAREHOLDERS’ APPROPRIATIONS BEFORE ZAKAT AND INCOME TAX-(6,530)(6,530)-(1,415)(1,415)Zakat -(1,900)(1,900)-(1,900)(1,900)Income tax -(100)(100)-(100)(100)NET LOSS FOR THE PERIOD-(8,530)(8,530)-(3,415)(3,415)(Loss) / earnings per share (Expressed in SAR per share)Weighted average number of ordinary shares outstanding (in thousands)40,00040,000Basic and diluted loss per share for the period (SAR)(0.21)(0.09) 19.SUPPLEMENTARY INFORMATION – (continued)c)Condensed interim statement of comprehensive incomeThree-month period ended 30 June (Unaudited)Insurance operationsShare-holders’ operations2021TotalInsurance operationsShare-holders’ operations2020TotalSAR’000NET LOSS FOR THE PERIOD-(8,530)(8,530)-(3,415)(3,415)Other comprehensive income / (loss)Items that are or may be reclassified to condensed interim statement of income in subsequent periodsAvailable-for-sale investments:- Net change in fair value1,000(566)434(2,438)(135)(2,573)TOTAL COMPREHENSIVE INCOME / (LOSS) FOR THE PERIOD1,000(9,096)(8,096)(2,438)(3,550)(5,988) 19.SUPPLEMENTARY INFORMATION – (continued)d)Condensed interim statement of incomeSix-month period ended 30 June (Unaudited)Insurance operationsShare-holders’ operations2021TotalInsurance operationsShare-holders’ operations2020TotalSAR’000REVENUESGross premiums written207,262-207,262389,157-389,157Reinsurance premiums ceded-Local(8,830)-(8,830)(16,686)-(16,686)-Foreign(111,318)-(111,318)(252,241)-(252,241)(120,148)-(120,148)(268,927)-(268,927)Excess of loss expenses-Local(758)-(758)(342)-(342)-Foreign(3,335)-(3,335)(1,936)-(1,936)(4,093)-(4,093)(2,278)-(2,278)Net premiums written83,021-83,021117,952-117,952Changes in unearned premiums, net13,176-13,176(74,549)-(74,549)Net premiums earned96,197-96,19743,403-43,403Reinsurance commissions earned23,887-23,88717,004-17,004TOTAL REVENUES120,084-120,08460,407-60,407UNDERWRITING COSTS AND EXPENSESGross claims paid155,795-155,79536,745-36,745Reinsurers’ share of claims paid(51,790)-(51,790)(15,688)-(15,688)Net claims104,005-104,00521,057-21,057Changes in outstanding claims, net8,451-8,451(289)-(289)Changes in claims incurred but not reported, net(4,093)-(4,093)(7,096)-(7,096)Net claims incurred108,363-108,36313,672-13,672Premium deficiency reserve(5,422)-(5,422)2,547-2,547Other technical reserves3,035-3,0351,285-1,285Policy acquisition costs12,126-12,1265,871-5,871Other underwriting expenses1,716-1,7161,203-1,203TOTAL UNDERWRITING COSTS AND EXPENSES119,818-119,81824,578-24,578NET UNDERWRITING RESULT266-26635,829-35,829 19.SUPPLEMENTARY INFORMATION – (continued)d) Condensed interim statement of income- (Continued)Six-month period ended 30 June (Unaudited)Insurance operationsShare-holders’ operations2021TotalInsurance operationsShare-holders’ operations2020TotalSAR’000OTHER OPERATING (EXPENSES) / INCOMEGeneral and administrative expenses(43,417)(2,130)(45,547)(39,988)(965)(40,953)Provision for doubtful receivables7,558-7,558(9,487)-(9,487)Board remuneration-(929)(929)-(475)(475)Commission income on investments2,2292,3914,6201,9113,2735,184Realized gain on investments----4,2464,246Other income418945121,151-1,151TOTAL OTHER OPERATING (EXPENSES) / INCOME, NET(33,212)(574)(33,786)(46,413)6,079(40,334)(LOSS) / INCOME FOR THE PERIOD(32,946)(574)(33,520)(10,584)6,079(4,505)SHAREHOLDERS’ ABSORPTION OF (INCOME) / LOSS32,946(32,946)-10,584(10,584)-NET LOSS FOR THE PERIOD AFTER SHAREHOLDERS’ APPROPRIATIONS BEFORE ZAKAT AND INCOME TAX-(33,520)(33,520)-(4,505)(4,505)Zakat-(3,800)(3,800)-(3,800)(3,800)Income tax-(200)(200)-(200)(200)-(4,000)(4,000)(4,000)(4,000)NET LOSS FOR THE PERIOD-(37,520)(37,520)-(8,505)(8,505)Loss per share (Expressed in SAR per share)Weighted average number of ordinary shares outstanding (in thousands)40,00040,000Basic and diluted loss per share for the period (SAR / share)(0.94)(0.21) 19.SUPPLEMENTARY INFORMATION – (continued)e)Condensed interim statement of comprehensive incomeSix-month period ended 30 June (Unaudited)Insurance operationsShare-holders’ operations2021TotalInsurance operationsShare-holders’ operations2020TotalSAR’000NET LOSS FOR THE PERIOD-(37,520)(37,520)-(8,505)(8,505)Other comprehensive income / (loss)Items that are or may be reclassified to condensed interim statement of income in subsequent periodsAvailable-for-sale investments:- Net change in fair value(4,485)(3,020)(7,505)5,7172,3058,022TOTAL COMPREHENSIVE (LOSS) / INCOME FOR THE PERIOD(4,485)(40,540)(45,025)5,717(6,200)(483) 19.SUPPLEMENTARY INFORMATION – (continued)f)Condensed interim statement of cash flowsSix-month period ended 30 June (Unaudited)Insurance operationsShare-holders’ operations2021TotalInsurance operationsShare-holders’ operations2020TotalSAR‘000CASH FLOWS FROM OPERATING ACTIVITIESNet loss for the period before zakat and income tax-(33,520)(33,520)-(4,505)(4,505)Adjustments for non-cash items:Depreciation of property and equipment1,896-1,8961,306-1,306Depreciation of right-of-use assets1,591-1,591526-526Finance cost on Lease Liabilities62-6248-48Provision for doubtful receivables(7,558)-(7,558)9,487-9,487Realized gain on investments----(4,246)(4,246)Amortization of held to maturity investments------Provision for employees’ defined benefit obligations1,137-1,137516-516(2,872)(33,520)(36,392)11,883(8,751)3,132Changes in operating assets and liabilities:Premiums and reinsurers’ receivable(9,360)-(9,360)(168,957)-(168,957)Reinsurers’ share of unearned premiums33,797-33,797(147,750)-(147,750)Reinsurers’ share of outstanding claims2,650-2,6504,456-4,456Reinsurers’ share of claims incurred but not reported5,114-5,114(6,776)-(6,776)Deferred policy acquisition costs797-797(6,319)-(6,319)Prepaid expenses and other assets9,622(585)9,037(8,025)(308)(8,333)Accrued commission on statutory deposit-(347)(347)-(717)(717)Policyholders and accounts payables5,920-5,920(10,126)-(10,126)Accrued and other liabilities14,42897215,4002,2395062,745Reinsurers balances payable(13,247)-(13,247)100,640-100,640Unearned premiums(46,973)-(46,973)222,300-222,300Unearned reinsurance commission(9,680)-(9,680)15,999-15,999Outstanding claims5,801-5,801(4,746)-(4,746)Claims incurred but not reported(9,207)-(9,207)(318)-(318)Premium deficiency reserve(5,422)-(5,422)2,547-2,547Other technical reserves3,035-3,0351,284-1,284Accrued commission on statutory deposit payable to SAMA-347347-717717Due to shareholders operations(38,677)38,677-51,925-51,925Due from Insurance Operations--(51,925)(51,925)(54,274)5,544(48,730)60,256(60,478)(222)Employees’ defined benefit obligations paid(1,410)-(1,410)(1,244)-(1,244)Zakat and income tax paid-(14,904)(14,904)---Net cash generated from / (used in) operating activities(55,684)(9,360)(65,044)59,012(60,478)(1,466) 19.SUPPLEMENTARY INFORMATION – (continued)e) Condensed interim statement of cash flowsSix-month period ended 30 June (Unaudited)Insurance operationsShare-holders’ operations2021TotalInsurance operationsShare-holders’ operations2020TotalSAR‘000CASH FLOWS FROM INVESTING ACTIVITIESPurchases of investments---(111,142)(38,758)(149,900)Proceeds from Maturity of term deposit----61,83161,831Short term deposits22,656-22,656Purchase of property and equipment(4,946)-(4,946)(315)-(315)Net cash generated from / (used in) investing activities17,710-17,710(111,457)23,073(88,384)CASH FLOWS FROM A FINANCING ACTIVITYPayments of lease liabilities(1,433)-(1,433)(1,470)-(1,470)Net cash used in financing activity(1,433)-(1,433)(1,470)-(1,470)Net changes in cash and cash equivalents(39,407)(9,360)(48,767)(53,915)(37,405)(91,320)Cash and cash equivalents, at the beginning of the period51,35610,37961,735216,19941,454257,653Cash and cash equivalents, at the end of the period11,9491,01912,968162,2844,049166,333NON-CASH INFORMATIONNet change in fair value of available-for-sale investments(4,485)(3,020)(7,505)5,7172,3058,022	19
Disclosure of board of director's approval of the financial statements [text block]	21.APPROVAL OF THE CONDENSED INTERIM FINANCIAL STATEMENTSThe condensed interim financial statements have been approved by the Board of Directors on 9 August 2021 corresponding to Muharram 1, 1443 AH.	21
Disclosure of other notes relevant to understanding of financial statements [text block]	9.GOODWILLEffective 31 December 2008, the Company acquired the insurance operations of UCA Insurance Bahrain BSC (‘the seller’) in the Kingdom of Saudi Arabia for a total consideration of SAR 656.9 million with a goodwill of SAR 78.4 million. The goodwill amount payable to the seller was paid in full subsequent to 2008, after obtaining SAMA approvals.The Company tests whether goodwill has suffered any impairment on an annual basis. Determining whether goodwill is impaired requires an estimation of the recoverable amount based on a value in use calculation using discounted cash flows (DCF) projections from financial budgets prepared by the management for next five years. Cash flows beyond five years’ period are extrapolated using the estimated long-term growth rate.The assumptions used in arriving at the recoverable amount using the DCF involve a considerable degree of estimation on the part of management. Actual conditions may differ from assumptions and thus actual cash flows may be different to those expected with a potential material effect on the recoverability of amounts. The most recent assessment performed by the management on 31 December 2020 did not result in any impairment. Further, based on the results for the period ended 30 June 2021, management believes there is no revision required in the financial budget used for the goodwill impairment assessment performed on 31 December 2020. The significant assumptions used in determination of value in use calculations were weighted average cost of capital and long-term growth rate, estimated at 14% and 2%, respectively.Based on the management assessment of value in use, the management believes that no reasonable possible change in any of the above assumptions would cause the carrying value to materially exceed its recoverable amount at the reporting date.	9

[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