	English [member]
Start Date	2021-07-01	2020-07-01
End Date	2021-09-30	2020-09-30
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 3
Reporting period start date	2021-07-01	2020-07-01
Reporting period end date	2021-09-30	2020-09-30
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	2021-07-01	2021-07-01
End Date	2021-09-30	2021-09-30
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	2021-07-01
End Date	2021-09-30
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 September 2021, and the related condensed interim statements of income and condensed interim comprehensive income for the three-month and nine-month periods then ended and the condensed interim statements of changes in equity and cash flows for the nine-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	Based 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.
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 (‘ISA’), that are endorsed in the Kingdom of Saudi Arabia and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
Auditors responsibilities for audit of financial statements	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	2021-11-09

Start Date	2021-01-01	2020-01-01	2020-01-01	Note No.
End Date	2021-09-30	2020-12-31	2020-09-30
Statement of financial position [abstract]
Assets [abstract]
Insurance/ takaful operations assets [abstract]
Property and equipment, net, insurance/ takaful operations assets	10,404	10,346	11,636
Due from related parties, insurance/ takaful operations assets	0	0	0
Investment properties, insurance/ takaful operations assets	0	0	0
Investments in joint ventures and associates, insurance/ takaful operations assets	0	0	0
Investments held-to-maturity, insurance/ takaful operations assets	0	0	0
Deferred policy acquisition costs	11,173	12,645	12,857
Reinsurers/ retakaful share of unearned premiums/ contributions	155,057	209,598	266,332	7
Retroceded share of unearned premium	0	0	0
Prepayments and other assets, insurance/ takaful operations assets	57,877	67,449	47,628
Due from shareholders operations	0	0	0
Premiums/ insurance receivables/takaful contributions receivable, net	246,372	239,606	298,379	5
Reinsurers/ retakaful share of outstanding claims/ benefits, net	37,268	41,720	36,173	7
Retroceded share of outstanding claims	0	0	0
Time (Murabaha) deposits, insurance/ takaful operations assets	0	0	0
Deferred excess of loss premiums	0	0	0
Available-for-sale investments, insurance/ takaful operations assets	93,672	137,744	143,272	6
Investments held at fair value through statement of income, insurance/ takaful operations assets	0	0	0
Cash and cash equivalents, insurance/ takaful operations assets	6,984	51,356	138,425	4
Accrued commission income	0	0	0
Reinsurers/ retakaful share of mathematical reserves	119,370	126,264	129,212	7
Other assets, insurance/ takaful operations assets	12,770	12,154	7,941	8
Total insurance/ takaful operations assets	750,947	908,882	1,091,855
Shareholders assets [abstract]
Property and equipment, net, shareholders assets	0	0	0
Due from related parties	0	0	0
Investment properties, shareholders assets	0	0	0
Investments in joint ventures and associates, shareholders assets	0	0	0
Investments held-to-maturity, shareholders assets	0	0	0
Goodwill	78,400	78,400	78,400	9
Intangible assets	0	0	0
Statutory deposit	60,000	60,000	60,000	10
Prepayments and other assets, shareholders assets	2,597	1,038	2,523
Investments held at fair value through statement of income, shareholders assets	0	0	0
Time (Murabaha) deposits, shareholders assets	0	0	0
Accrued investment income	0	0	0
Available-for-sale investments, shareholders assets	163,595	173,278	174,067	6
Other receivables, net	0	0	0
Due from insurance/ takaful operations assets		32,675	43,898
Cash and cash equivalents, shareholders assets	1,115	10,379	7,920	4
Other assets, shareholders assets	5,396	4,904	4,904	10
Assets classified as held for sale/ distribution	0	0	0	0
Total shareholders assets	311,103	360,674	371,712
Total assets	1,062,050	1,269,556	1,463,567
Liabilities and equity [abstract]
Insurance/ takaful operations liabilities and surplus (deficit) [abstract]
Insurance/ takaful operations liabilities [abstract]
Gross unearned premiums/ contributions	0	0	0
Premiums/ contributions received in advance	235,566	302,452	380,091	7
Unearned commission income	20,901	34,994	40,451
Employees end of service benefits, insurance/ takaful operations liabilities	10,049	10,288	8,403
Accrued retroceded premium	0	0	0
Surplus distribution payable	37,053	37,053	37,053
Reserve for insurance/ takaful operations	0	0	0
Technical reserve for insurance/takaful operations	0	0	0
Due to shareholders operations	0	32,675	43,898
Due to related parties, insurance/ takaful operations liabilities	0	0	0
Reinsurers/ retakaful balance payable	113,459	156,440	244,711
Gross outstanding claims/ benefits including IBNR payable	252,087	238,066	236,089	7
Other technical reserves	36,755	39,126	38,974	7
Obligation under long-term incentive plan (LTIP)	0	0	0
Shares held under employees share scheme	0	0	0
Accrued commission payable	0	0	0
Accrued expenses payable, insurance/ takaful operations liabilities	69,026	45,533	44,805
Other liabilities, insurance/ takaful operations	5,016	6,397	7,447	8
Total insurance/ takaful operations liabilities	779,912	903,024	1,081,922
Insurance/ takaful operations surplus (deficit) [abstract]
Surplus (deficit) from insurance/ takaful fund	0	0	0
Fair value reserves on investments	-5,532	3,734	8,422
Other insurance/ takaful operations surplus (deficit)	0	0	0
Total insurance/ takaful operations surplus (deficit)	-5,532	3,734	8,422
Total insurance/ takaful operations liabilities and surplus (deficit)	774,380	906,758	1,090,344
Shareholders liabilities and equity [abstract]
Shareholders liabilities [abstract]
Zakat payable	12,846	21,750	11,202	15
Income tax payable	0	0	1,100
Due to insurance/ takaful operations	0	0	0
Dividend payable	0	0	0
Due to related parties, shareholders liabilities	0	0	0
Accrued expenses payable, shareholders liabilities	2,004	1,081	600
Other liabilities, shareholders liabilities	5,396	4,904	4,904	10
Liabilities directly associated with assets held for sale/distribution	0	0	0
Total shareholders liabilities	20,246	27,735	17,806
Shareholders equity [abstract]
Equity attributable to owners of parent [abstract]
Share capital	400,000	400,000	400,000
Share premium	0	0	0
Statutory reserve	0	31,944	31,944
General reserve	0	0	0
Fair value reserve on investments, shareholders equity	-663	9,020	9,810
Retained earnings (accumulated losses)	-134,037	-108,025	-87,848
Treasury shares	0	0	0
Other reserves	2,124	2,124	1,511
Reserve of disposal group held for distribution/ sale	0	0	0
Share based payments reserve	0	0	0
Other equity interest	0	0	0
Total equity attributable to owners of parent	267,424	335,063	355,417
Total equity attributable to equity holders of company	267,424	335,063	355,417
Total shareholders liabilities and equity	287,670	362,798	373,223
Total insurance/ takaful operations liabilities, surplus (deficit) and shareholders liabilities and equity	1,062,050	1,269,556	1,463,567

Start Date	2021-07-01	2020-07-01	2021-01-01	2020-01-01	Note No.
End Date	2021-09-30	2020-09-30	2021-09-30	2020-09-30
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	106,939	128,750	314,201	517,907	13
Excess of loss expense	2,046	1,139	6,139	3,417
Expenses incurred on gross premium written			0
Reinsurance/ retakaful premiums ceded	63,071	73,905	183,219	342,832
Retroceded premiums			0
Net premiums/ contributions written	41,822	53,706	124,843	171,658
Changes in unearned premiums/ contributions	831	14,031	-12,345	88,580
Reinsurance/ retakaful share of unearned premiums/ contributions			0
Net premiums/ contributions earned	40,991	39,675	137,188	83,078
Reinsurance/ retakaful commissions	10,206	10,359	34,093	27,363
Investment income from insurance/ takaful operations, net	0		0
Fees and other income from insurance/ takaful operations	0		0
Other non-operating expenses, insurance/ takaful operations	0		0
Other non-operating income from insurance/ takaful operations	0		0
Other extraordinary gain (loss), insurance/ takaful operations	0		0
Total income from insurance/ takaful operations	51,197	50,034	171,281	110,441
Cost and expenses [abstract]
Net claims/ benefits incurred [abstract]
Net claims/ benefits paid [abstract]
Gross claims/ benefits paid	67,471	45,499	223,266	82,244
Reinsurance/ retakaful share of gross claims/ benefits paid	24,959	17,749	76,749	33,437
Net claims/ benefits paid	42,512	27,750	146,517	48,807
Changes in outstanding claims/ benefits including IBNR	-225	2,978	4,133	-4,407
Changes in reinsurance/ retakaful share of outstanding claims/ benefits	0		0
Changes in other technical reserves	0		0
Changes in reserve for takaful activities	0		0
Changes in other reserves	17	6,778	-2,370	10,610
Net claims/ benefits incurred	42,304	37,506	148,280	55,010
Surrenders			0
Policy acquisition costs	5,931	4,294	18,057	10,165
Commissions earned on retroceded business	0		0
Supervision and inspection fees	0		0
Impairment charges for other assets, insurance/ takaful operations	0		0
Impairment charges for available-for-sale investments, insurance/ takaful operations	0		0
Impairment charges for held-to-maturity investments, insurance/ takaful operations	0		0
Excess of loss expense	0		0
Mudarib share of investment income, insurance/ takaful operations	0		0
Depreciation/ amortisation, insurance/ takaful operations	0		0
General and administrative expenses, insurance/ takaful operations	21,243	24,094	57,102	73,569
Selling and marketing expenses, insurance/ takaful operations	0		0
Investment fund fee (takaful)	0		0
Other underwriting income	0	1,652	418	2,803
Other underwriting expenses	805	741	2,521	1,944
Realised gain (loss) on held-to-maturity investments	0		0
Realised gain (loss) on available-for-sale investments	936	1,277	3,165	3,188
Realised gain (loss) on investments held at fair value through statement of income	0		0
Unrealised gain (loss) on investments held at fair value through statement of income	0		0
Share of profit (loss) of joint ventures and associates	0		0
Other cost and expenses	0		0
Total cost and expenses	69,347	63,706	222,377	134,697
Surplus (deficit) for period from insurance/ takaful operations	-18,150	-13,672	-51,096	-24,256
Shareholders appropriation from insurance/ takaful operations surplus (deficit)	-18,150	-13,672	-51,096	-24,256
Net result for period from insurance/ takaful operations after shareholders appropriation	0	0	0	0
Policyholders share of accumulated surplus, at end of period	0	0	0	0

Start Date	2021-07-01	2020-07-01	2021-01-01	2020-01-01
End Date	2021-09-30	2020-09-30	2021-09-30	2020-09-30
Statement of shareholders operations [abstract]
Profit (loss) [abstract]
Income (loss) from continuing operations [abstract]
Shareholders appropriation of surplus (deficit) transferred from insurance/ takaful operations	-18,150	-13,672	-51,096	-24,256
Revenue [abstract]
Investment income	1,188	1,264	3,579	8,783
Income from murabaha/ time deposits	0		0
Realised gain (loss) on held-to-maturity investments	0		0
Mudarib share of investment income, shareholders operations	0		0
Income from sukuks	0		0
Realised gain (loss) on available-for-sale investments	0		0
Realised gain (loss) on investments held as fair value through statement of income	0		0
Unrealised gain (loss) on investments held as fair value through statement of income	0		0
Amortisation of premiums on investments	0		0
Accretion of discounts on investments	0		0
Dividend income	0		0
Other income	0		94
Total revenue	1,188	1,264	3,673	8,783
Expenses [abstract]
General and administrative expenses, shareholders operations	937	286	3,067	1,251
Foreign exchange translation gains (losses)	0		0
Investment management expenses	0		0
Impairment charge for investments, shareholders operations	0		0
Impairment charges for available-for-sale investments	0		0
Impairment charges for held-to-maturity investments	0		0
Board of directors' remuneration	537	504	1,466	979
Other expenses	0		0
Total expenses	1,474	790	4,533	2,230
Income (loss) from continuing operations before zakat and income tax	-18,436	-13,198	-51,956	-17,703
Zakat expenses on continuing operations for period	1,900	1,900	5,800	5,700
Income tax on continuing operations for period	100	100	200	300
Profit (loss) from continuing operations	-20,436	-15,198	-57,956	-23,703
Profit (loss) for the period	-20,436	-15,198	-57,956	-23,703
Profit (loss), attributable to [abstract]
Profit (loss), attributable to saudi shareholders of company	-20,436	-15,198	-57,956	-23,703
Earnings per share [abstract]
Basic earnings (loss) per share [abstract]
Basic earnings (loss) per share from continuing operations	-0.51	-0.38	-1.45	-0.59
Total basic earnings (loss) per share	-0.51	-0.38	-1.45	-0.59
Weighted average number of equity shares outstanding	400000000	400000000	400000000	400000000

Start Date	2021-07-01	2020-07-01	2021-01-01	2020-01-01
End Date	2021-09-30	2020-09-30	2021-09-30	2020-09-30
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	-4,781	2,690	-9,266	8,407
Total other comprehensive income (loss), available-for-sale financial assets	-4,781	2,690	-9,266	8,407
Total other comprehensive income (loss), that will be reclassified to profit or loss	-4,781	2,690	-9,266	8,407
Total other comprehensive income (loss)	-4,781	2,690	-9,266	8,407
Total comprehensive income (loss) for period	-4,781	2,690	-9,266	8,407

Start Date	2021-07-01	2020-07-01	2021-01-01	2020-01-01
End Date	2021-09-30	2020-09-30	2021-09-30	2020-09-30
Statement of other comprehensive income, before tax [abstract]
Statement of comprehensive income [abstract]
Profit (loss) for the period	-20,436	-15,198	-57,956	-23,703
Other comprehensive income [abstract]
Components of other comprehensive income that will not be reclassified to profit or loss [abstract]
Other comprehensive gains (losses) that will not be reclassified to profit or loss	-6,663		-9,683	2,173
Total other comprehensive income that will not be reclassified to profit or loss	-6,663		-9,683	2,173
Total other comprehensive income (loss)	-6,663		-9,683	2,173
Total comprehensive income (loss) for period	-27,099	-15,198	-67,639	-21,530
Total comprehensive income (loss) attributable to [abstract]
Total comprehensive income (loss), attributable to saudi shareholders of company	-27,099	-15,198	-67,639	-21,530

Start Date	2021-01-01	2020-01-01	Note No.
End Date	2021-09-30	2020-09-30
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	2,939	2,048
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	296	0	6
Adjustments for employees end of service benefits	1,577	1,477
Adjustments for allowance for doubtful receivables	-4,198	10,382	5
Other adjustments to reconcile net income to net cash from insurance/ takaful operating activities	2,547	1,296	8
Total adjustments to reconcile net income to net cash from insurance/ takaful operations after shareholders appropriation	3,161	15,203
Changes in operating assets and liabilities [abstract]
Adjustments for decrease (increase) in premium receivables, net	-2,568	-106,309
Adjustments for decrease (increase) in prepayments and other assets	9,572	-10,943
Adjustments for increase (decrease) in outstanding claims including IBNR	-7,213	2,516
Adjustments for increase (decrease) in reinsurers/ retakaful balance payable	-21,747	57,127
Adjustments for increase (decrease) in retrocession balance payable	0
Adjustments for increase (decrease) in accrued expenses and other liabilities	23,493	-22,152
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	11,346	-6,923
Adjustments for decrease (increase) in retroceded share of outstanding claims	0
Adjustments for decrease (increase) in deferred policy acquisition costs	1,472	-6,413
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	-14,093	12,682
Adjustments for decrease (increase) in due from shareholders operations	0
Adjustments for increase (decrease) in due to shareholders operations	-58,232	10,405
Adjustments for movement in gross unearned premiums/ contributions	-66,886	216,998
Adjustments for reinsurance/ retakaful share of unearned premiums/ contributions	54,541	-128,418
Adjustment for changes in other technical reserves	4,395	2,841
Adjustment for changes in other reserves	-6,766	7,769
Adjustments for other changes in operating assets and liabilities, insurance/ takaful operations cash flow	0	0
Total changes in operating assets and liabilities	-72,686	29,180
Net cash flows from (used in) insurance/ takaful operations	-69,525	44,383
Other inflows (outflows) of cash classified as operating activities, insurance/ takaful operations cash flow	-1,816	-2,549
Net cash flows from (used in) operating activities, insurance/ takaful operations	-71,341	41,834
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	11,854		6
Purchase of investments, insurance/ takaful operations cash flow	0	111,142
Purchase of property and equipment, insurance/ takaful operations cash flow	6,056	6,676
Other inflows (outflows) of cash classified as investing activities, insurance/ takaful operations cash flow	0
Net cash flows from (used in) investing activities, insurance/ takaful operations	28,454	-117,818
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	-1,485	-1,790	8
Net cash flows from (used in) financing activities, insurance/ takaful operations	-1,485	-1,790
Increase (decrease) in cash and cash equivalents before effect of exchange rate changes	-44,372	-77,774
Net increase (decrease) in cash and cash equivalents	-44,372	-77,774
Cash and cash equivalents at beginning of period	51,356	216,199
Cash and cash equivalents at end of period	6,984	138,425

Start Date	2021-01-01	2020-01-01	Note No.
End Date	2021-09-30	2020-09-30
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	-51,956	-17,703
Net profit (loss) for period (before zakat expenses and income tax)	-51,956	-17,703
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	923	-167
Adjustments for increase (decrease) in due to insurance/ takaful operations	58,232	-10,405
Adjustments for decrease (increase) in prepayments and other assets, shareholders assets	-1,559	-1,452
Total changes in operating assets and liabilities	57,596	-12,024
Net cash flows from (used in) operations	5,640	-33,973
Zakat expenses	14,904	22,634	15
Net cash flows from (used in) operating activities	-9,264	-56,607
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
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	-9,264	-33,534
Net increase (decrease) in cash and cash equivalents	-9,264	-33,534
Cash and cash equivalents at beginning of period	10,379	41,454
Cash and cash equivalents at end of period	1,115	7,920

[400100] Notes forming part of accounts

	English [member]	Note No.
Start Date	2021-07-01
End Date	2021-09-30
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]	United 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 operations 10% 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]	(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 Chartered and Professional Accountants) (“SOCPA”).(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, instead, the Company presents its statement of financial position broadly in order of liquidity. 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.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 September 2021, the Company's accumulated losses reached 34% of its share capital. During the nine-month period ended 30 September 2021, the Company incurred a total comprehensive loss amounting to SAR 67.9 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 nine-month period ended 30 September 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 quarter 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.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 September 2021, the Company’s accumulated losses reached 34% of its share capital (2020: 27%). During the nine-month period 30 September 2021, the Company incurred net loss attributable to shareholders amounting to SAR 57.9 million (30 September 2020: SAR 23.7 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 these condensed interim financial statements are consistently applied to all the years presented unless stated otherwise. The condensed interim financial statements do not include all of the information required for full annual financial statements and should be read in conjunction with the annual financial statements of the Company as at and for the year ended 31 December 2020 (“last annual Financial Statements ”)(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 ContractsIFRS 9Financial InstrumentsIAS 1Classification of Liabilities as Current or Non-current IAS 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”).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: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 September 2021, the Company has total financial assets and insurance related assets amounting to SAR 791.6 million (31 December 2020: SAR 883.82 million) and SAR 569.2 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 65.97 million (31 December 2020: SAR 106.89 million). Other financial assets consist of available for sale investments amounting to SAR 257.26 million (31 December 2020: SAR 281.79 million).As at 30 September 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 September 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.IFRS 17 – Insurance ContractsOverviewThis standard has been published on 18 May 2017, it establishes the principles for the recognition, measurement, presentation and disclosure of insurance contracts and supersedes IFRS 4 – Insurance contracts.The new standard applies to insurance contracts issued, to all reinsurance contracts and to investment contracts with discretionary participating features provided the entity also issues insurance contracts. It requires to separate the following components from insurance contracts:a.embedded derivatives, if they meet certain specified criteria;b.distinct investment components; andc.any promise to transfer distinct goods or non-insurance services.These components should be accounted for separately in accordance with the related standards (IFRS 9 and IFRS 15).MeasurementIn contrast to the requirements in IFRS 4, which permitted insurers to continue to use the accounting policies for measurement purposes that existed prior to January 2015, IFRS 17 provides the following different measurement models:The General model is based on the following “building blocks”:a.the fulfilment cash flows (FCF), which comprise:probability-weighted estimates of future cash flows;an adjustment to reflect the time value of money (i.e. discounting) and the financial risks associated with those future cash flows;and a risk adjustment for non-financial risk.b.the Contractual Service Margin (CSM). The CSM represents the unearned profit for a group of insurance contracts and will be recognized as the entity provides services in the future. The CSM cannot be negative at inception; any net negative amount of the fulfilment cash flows at inception will be recorded in profit or loss immediately. At the end of each subsequent reporting period the carrying amount of a group of insurance contracts is remeasured to be the sum of:the liability for remaining coverage, which comprises the FCF related to future services and the CSM of the group at that date; andthe liability for incurred claims, which is measured as the FCF related to past services allocated to the group at that date.IFRS 17 – Insurance Contracts (continued)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:IFRS 17 – Insurance Contracts (continued)Impact AreaSummary of ImpactFinancial ImpactCompany 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 inplaceImpact 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 other general disclosures about reporting entity [text block]	21.SUBSEQUENT EVENTSubsequent to period ended 30 September 2021, the Company as per the Board’s recommendation announced to increase the share capital of the Company through right offering. This matter will be concluded subject to regulatory authority’s and Extraordinary General Assembly meeting approval.	21
Disclosure of summary of significant accounting policies [abstract]
Description of accounting policy for cash and cash equivalents [text block]	4.1CASH AND CASH EQUIVALENTSCash and cash equivalents included in the condensed interim statement of cash flows comprise the following:30 September31 December20212020(Unaudited)SAR’000(Audited)SAR’000Insurance operationsBank balances6,98451,356Shareholders’ operationsBank balances1,11510,379Total8,09961,7354.2SHORT-TERM DEPOSITS30 September31 December20212020(Unaudited) SAR’000(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 September 2021 (31 December 2020: 2.35%).	4
Description of accounting policy for premiums/ contributions and insurance/ reinsurance or takaful/ retakaful balance receivables [text block]	Receivables comprise amounts due from the following:30 September31 December20212020(Unaudited)SAR’000(Audited)SAR’000Policyholders193,852162,637Brokers and agents5,3953,510Related parties (note 14.2)120,557156,398Receivables from reinsurers12,1136,804331,917329,349Provision for doubtful receivables (85,545) (89,743)Premiums and reinsurers’ receivable – net246,372239,606Movement in the provision for doubtful receivables during the period / year was as follows:30 September31 December20212020(Unaudited)(Audited)SAR’000SAR’000Balance at the beginning of the period / year89,74383,920(Reversal) / Provision charge during the period / year (4,198) 5,823Balance at the end of the period / year85,54589,743	5
Description of accounting policy for statutory reserve [text block]	16.SHARE CAPITALAs at 30 September 2021 and 31 December 2020, the authorised, subscribed and paid up share capital of the Company is SAR 400,000,000, divided into 40,000,000 shares of SAR 10 each.The Company transferred the amount of statutory reserve amounting to SAR 32 million to the accumulated losses as approved by the General assembly meeting dated 18 August 2021.SeptemberDecember20212020SAR’000SAR’000Balance at the beginning of the period / year(Unaudited)31,944(Audited)31,944Transfer to Accumulated losses(31,944)--Balance at the end of the period / year--31,944	16
Disclosure of notes forming part of accounts [abstract]
Disclosure of leases [text block]	8.LEASES8.1RIGHT-OF-USE ASSETS – NET30 September31 December20212020Building(Unaudited) SAR’000(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 / year 9,522 9,608 Accumulated depreciation:At beginning of the period / year2,052--Additions during the period / year2,3852,052Deletions during the period / year (28) --At end of the period / year 4,409 2,052Net book value5,1137,556 8.LEASES - (continued)8.2 LEASE LIABILTIES30 September31 December20212020(Unaudited) SAR’000(Audited) SAR’000At beginning of the period / year6,397--Additions during the period / year--9,608Deletions during the period / year(58)--Finance cost162187Payments during period / year (1,485) (3,398)At end of the period / year5,0166,397	8
Disclosure of investments in available-for-sale investments [text block]	6.INVESTMENTS30 September31 December20212020(Unaudited)(Audited)Available-for-sale investmentsSAR’000SAR’000Insurance operations (note 6.1)93,672115,088Shareholders’ operations (note 6.2) 163,595 173,278257,267288,3666.1Insurance operations30 September31 December20212020Movement during the period / year is as follows:(Unaudited)SAR’000(Audited)SAR’000Opening balance115,088227(Disposal) / purchases during the period / year(11,854)111,142Realized gain on disposal(296)--Changes in fair value of investments (9,266) 3,719Closing balance93,672115,088Investment in sukuk93,442114,859Investment in mutual funds 230 22993,672115,0886.2Shareholders’ operationsMovement during the period / year is as follows:30 September31 December20212020(Unaudited)SAR’000(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 (9,683) 1,383Closing balance163,595173,278Investment in equity shares (Note 6.3)6,7136,580Investment in sukuk136,586146,149Investment in mutual funds 20,296 20,549163,595173,2786.3This 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 September31 December20212020(Unaudited) SAR’000(Audited) SAR’000 Statutory deposit60,00060,000 In 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]	7.1Net outstanding claims and reservesNet outstanding claims and reserves comprise of the following:30 September31 December20212020(Unaudited) SAR’000(Audited) SAR’000Outstanding claims73,25662,921Claims incurred but not reported152,201169,749225,457232,670Premium deficiency reserve18,98225,748Other technical reserves17,77313,378262,212271,796Less:- Reinsurers’ share of outstanding claims(37,268)(41,720)- Reinsurers’ share of claims incurred but not reported(119,370)(126,264) (156,638) (167,984)Net outstanding claims and reserves105,574103,812 7.2Movement in unearned premiums Movement in unearned premiums comprise of the following: Nine-month period ended 30 September 2021(Unaudited) GrossReinsuranceNetSAR’000Balance as at the beginning of the period302,452(209,598)92,854Premium written / (ceded) during the period314,201(189,358)124,843Premium earned during the period (381,087) 243,899 (137,188)Balance as at the end of the period235,566(155,057)80,509Year 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 payableThe movement in the zakat payable is as follows: 30 September2021 31 December2020 (Unaudited)(Audited) SAR’000Balance at the beginning of the period / year20,85028,136Charge for the current period / year5,8007,900Charge for the prior years--20,000Paid during the period / year(14,904)(35,186)Balance at the end of the period / year11,74620,850 The movement in the income tax payable is as follows: 30 September2021 31 December2020 (Unaudited)(Audited) SAR’000Balance at the beginning of the period / year900800Charge for the period / year200100Balance at the end of the period / year 1,100 900Total12,84621,750 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.Year 2005, 2006, 2007 and 2008During 2017, the Company received the zakat assessments for the years 2005 to 2008 from the GAZT with regards to the insurance operations transferred from UCA Insurance Bahrain BSC claiming zakat liability amounting to SAR 6.01 million and withholding tax liability amounting to SAR 16.09 million. Management has filed an objection against the above assessments and is confident of receiving a favorable outcome. Further, the Company has issued a bank guarantee in favor of GAZT amounting to SAR 22.09 million (2019: SAR 22.09 million) against such assessments (see note 11). Management is of the view that any additional liability as a result of these assessments will eventually be charged to the shareholders of the UCA Insurance Bahrain BSC.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 2017ZATCA 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 and obtained the necessary certificate. The ZATCA issued a initial assessment for the said years claiming an additional Zakat and tax liability of SR 1,546,235 and SAR 2,784. The Company has filed an objection against this initial assessment.	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.14.1TRANSACTIONS WITH RELATED PARTIESThe following are the details of the significant related parties’ transactions during the period: Nature of transactions Three-month period ended 30 September Nine-month period ended 30 September Major shareholders2021SAR’000(Unaudited)2020SAR’000(Unaudited)2021SAR’000(Unaudited)2020SAR’000(Unaudited)Haji Hussien Ali RezaPremium written Payments received and claims paid901(173)1,118(624)4,748(5,534)5,773(3,889)Saudi Bin Laden – GroupPremium written Payments received andclaims paid5,497(27,315)13,085(69,922)25,862(44,432)119,950(93,594)Construction Product CompanyPremium written Payments received andclaims paid52(17)--(1,676)6,924(23,251)7,031(3,863) 14.1TRANSACTIONS WITH RELATED PARTIES – (continued)Nature of transactionsThree-month periodended 30 SeptemberNine-month periodended 30 SeptemberEntities controlled, jointly20212020SAR’000SAR’000(Unaudited)(Unaudited)20212020SAR’000SAR’000(Unaudited)(Unaudited)controlled or significantly influenced by related partiesUnited Commercial AgenciesPayment made on behalf of company------(150)Law Office of Hassan MahassniPremium written Payments received andclaims paid--9--(153)--684(142)(503)Middle East GroupPremium written Payments received andclaims paid----------22(16)(12)14.2RELATED PARTIES BALANCES Balance receivable / (payable) as at 30 September2021 31 December2020 (Unaudited)(Audited) SAR’000Premium receivableHaji Hussien Ali Reza7,4018,187Saudi Bin Laden – Group108,805127,375Construction Product Company4,29620,623Law Office of Hassan Mahassni55197Middle East Group--16120,557156,398Other balancesUnited Commercial Agencies697697Other balances are included in prepayments and other assets, policy holders’ 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. 14.2 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 September 2021 and 30 September 2020:Nine-month period ended 30 September2021SAR’000(Unaudited)2020SAR’000(Unaudited)Salaries and other allowances4,3483,901End of service indemnities 255 1604,6034,061Remuneration to those charged with governance1,466979	14
Disclosure of entity's operating segments [text block]	13.OPERATING SEGMENTSOperating 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.Transactions between the operating segments are on normal commercial terms and conditions. The revenue from external parties reported to the Board of Directors is measured in a manner consistent with that in the income statement. Segment assets and liabilities comprise operating assets and liabilities.There have been no changes to the basis of segmentation or the measurement basis for the segment profit or loss since 31 December 2020.Segment assets do not include cash and cash equivalents, short-term deposits, net premiums and reinsurers’ receivable, prepaid expenses and other assets, investments, property and equipment, intangible assets, right-of-use assets and goodwill. Accordingly, they are included in unallocated assets. Segment liabilities do not include policyholders’ payables, reinsurers’ balances payable, lease liabilities, zakat and income tax payable, surplus from insurance operations accrued and other liabilities and employees’ defined benefit obligations. Accordingly, they are included in unallocated liabilities.These unallocated assets and liabilities are not reported to chief operating decision maker under related segments and are monitored on a centralized basis.Segment performance is evaluated on the basis of underwriting results from each segment and therefore, operating expenses are not allocated to each segment and are monitored at the Company level.The segment information provided to the Company’s Board of Directors for the reportable segments for the Company’s total assets and liabilities at 30 September 2021 and 31 December 2020, its total revenues, expenses, and net income for the nine-month periods ended 30 September 2021 and 30 September 2020, are as follows: OPERATING SEGMENTS – (continued)As at 30 September 2021 (Unaudited)SAR’000TotalinsuranceShareholders’MedicalMotorEnergyEngineeringOthersoperationsoperationsTotalAssetsReinsurers’ share of unearnedPremiums42912,17125,99983,01033,448155,057--155,057Reinsurers’ share of outstanding claims2,4584,718--5,60824,48437,268--37,268Reinsurers’ share of claims incurredbut not reported15511,44622,63240,15444,983119,370--119,370Deferred policy acquisition costs3,4874,162--1,9851,53911,173--11,173Unallocated assets 428,079 311,103 739,182Total assets750,947311,1031,062,050LiabilitiesUnearned premiums45,19140,59026,45384,80938,523235,566--235,566Unearned reinsurance commission-2,983--12,8115,10720,901--20,901Outstanding claims18,14519,319--6,41529,37773,256--73,256Claims incurred but not reported3,23033,46123,02841,64250,840152,201--152,201Premium deficiency reserve3,87514,057699-35118,982--18,982Other technical reserves2,20812,1815761,1211,68717,773--17,773Unallocated liabilities and insuranceoperations reserve255,70120,246275,947Total liabilities and insuranceoperations reserve 774,380 20,246 794,626 OPERATING SEGMENTS – (continued) As at 31 December 2020 (Audited) SAR’000 Total insurance Shareholders’ MedicalMotorEnergyEngineeringOthersoperationsoperationsTotalAssetsReinsurers’ share of unearned premiums9,67231,837--140,58827,501209,598--209,598Reinsurers’ share of outstanding claimsReinsurers’ share of claims incurred but not reported5,6531,6503,84418,679--21,3965,54939,76226,67444,77741,720126,264----41,720126,264Deferred policy acquisition costs1,5765,640--3,7311,69812,645--12,645Unallocated assets 518,655 327,999 846,654Total assets908,882327,9991,236,881Liabilities Unearned premiums21,202106,134--142,87032,246302,452--302,452Unearned reinsurance commission-7,512--23,4084,07434,994--34,994Outstanding claims10,27916,810--6,48729,34562,921--62,921Claims incurred but not reported4,53650,69321,77141,94950,800169,749--169,749Premium deficiency reserve2,73422,630----38425,748--25,748Other technical reserves Unallocated liabilities and insurance operations reserveTotal liabilities and insurance operations1,8258,2425441,1301,63713,378264,841--27,73513,378292,576Reserve874,08327,735901,818 OPERATING SEGMENTS – (continued)Three-month period ended 30 September 2021 (Unaudited)MedicalMotorEnergyEngineeringOthersTotalREVENUESSAR'000SAR'000SAR'000SAR'000SAR'000SAR'000Gross premiums written-Individual-4,106------4,106-Micro enterprises3,9492,890----7907,629-Small enterprises17,2267,630--27467325,803-Medium enterprises7,1613,064--4,5564,58619,367-Large enterprises8071224,15418,0167,04550,034Reinsurance premiums ceded29,14317,70224,15422,84613,094106,939-Local(7)(1,771)-(11,179)(448)(13,405)-Foreign(54)(3,451)(23,738)(11,008)(11,415)(49,666)Excess of loss expenses(61)(5,222)(23,738)(22,187)(11,863)(63,071)-Local(167)(107)----(105)(379)-Foreign(311)(608)----(748)(1,667)(478)(715)----(853)(2,046)Net premiums written28,60411,76541665937841,822Changes in unearned premiums, net (11,292) 9,909 38 240 274 (831)Net premiums earned17,31221,67445489965240,991Reinsurance commissions earned - 2,321 380 4,634 2,871 10,206TOTAL REVENUES17,31223,9958345,5333,52351,197UNDERWRITING COSTS AND EXPENSESGross claims paid13,33645,768--1328,23567,471Reinsurers’ share of claims paid (3,302) (13,705) -- (71) (7,881) (24,959)Net claims paid10,03432,063--6135442,512Changes in outstanding claims, net Changes in claims incurred but notreported, net5,617 (194)(1,197) (6,085)-- 23(49) (251)1,966 (55)6,337 (6,562)Net claims incurred15,45724,78123(239)2,26542,287Premium deficiency reserve622647(44)(2,717)148(1,344)Other technical reserves3119373311691,361Policy acquisition costs1,5253,039-7176505,931Other underwriting expenses30916912112878805TOTAL UNDERWRITING COSTS AND EXPENSES18,22429,573133(2,100)3,21049,040NET UNDERWRITING RESULT(912)(5,578)7017,6333132,157 OPERATING SEGMENTS – (continued)Three-month period ended 30 September 2021 (Unaudited)MedicalMotorEnergyEngineeringOthersTotalSAR’000SAR’000SAR’000SAR’000SAR’000SAR’000OTHER OPERATING(EXPENSES) / INCOMEGeneral and administrativeexpenses(18,820)Provision for doubtful receivables(3,360)Board remuneration(537)Commission income on investmentsRealized gain on investments2,420Other Income(296)TOTAL OTHER OPERATINGEXPENSES, NET(20,593)LOSS FOR THE PERIOD(18,436)Net income for the periodattributable to insurance operations--Net loss for the periodattributable to the shareholdersbefore zakat and income tax(18,436)Zakat(2,000)Income tax-NET LOSS FOR THE PERIOD ATTRIBUTABLE TO THESHAREHOLDERS OPERATING SEGMENTS – (continued)Three-month period ended 30 September 2020 (Unaudited)MedicalMotorEnergyEngineeringOthersTotalSAR'000SAR'000SAR'000SAR'000SAR'000SAR'000REVENUESGross premiums written-Individual-49,548----4549,593-Micro enterprises4,1803,007--1731,4858,845-Small enterprises7,4986,075--8213,75518,149-Medium enterprises5,1341,534--5814,33611,585-Large enterprises(1)1629,2023,5567,80540,57816,81160,18029,2025,13117,426128,750Reinsurance premiums ceded-Local(1,420)(3,009)--(387)(487)(5,303)-Foreign(6,357)(14,998)(28,699)(3,909)(14,639)(68,602)(7,777)(18,007)(28,699)(4,296)(15,126)(73,905)Excess of loss expenses-Local--(79)----(92)(171)-Foreign--(446)----(522)(968)--(525)----(614)(1,139)Net premiums written9,03441,6485038351,68653,706Changes in unearned premiums, net (4,104) (10,285) (62) 468 (172) (14,031)Net premiums earned4,93031,3635651,3031,51439,675Reinsurance commissions earned -- 2,637 459 4,072 3,191 10,359TOTAL REVENUES4,93034,0001,0245,3754,70550,034UNDERWRITING COSTS ANDEXPENSESGross claims paid4,81635,528--2,5502,60545,499Reinsurers’ share of claims paid (2,480) (11,054) -- (1,956) (2,259) (17,749)Net claims paid2,33624,474--59434627,750Changes in outstanding claims, net1,614(2,832)--(387)(285)(1,890)Changes in claims incurred but notreported, net 392 4,785 2 (254) (57) 4,868Net claims incurred4,34226,4272(47)430,728Premium deficiency reserve1924,40223--6045,221Other technical reserves1051,550--(64)(34)1,557Policy acquisition costs5442,278--6358374,294Other underwriting expenses17720314611897741TOTAL UNDERWRITING COSTSAND EXPENSES5,36034,8601716421,50842,541NET UNDERWRITING RESULT(430)(860)8534,7333,1977,493 . OPERATING SEGMENTS – (continued)Three-month period ended 30 September 2020 (Unaudited)MedicalMotorEnergyEngineeringOthersTotalSAR’000SAR’000SAR’000SAR’000SAR’000SAR’000OTHER OPERATING(EXPENSES) / INCOMEGeneral and administrativeexpenses(23,485)Provision for doubtfulreceivables(895)Board remuneration(504)Investment Income2,541Realized gain on investments--Other income1,652TOTAL OTHER OPERATINGEXPENSES, NET(20,691)LOSS FOR THE PERIOD(13,198)Net income for the periodattributable to insuranceoperations--Net loss for the periodattributable to the shareholdersbefore zakat and income tax(13,198)Zakat(1,900)Income tax(100)NET LOSS FOR THE PERIOD ATTRIBUTABLETO THE SHAREHOLDERS OPERATING SEGMENTS – (continued)Nine-month period ended 30 September 2021 (Unaudited)MedicalMotorEnergyEngineeringOthersTotalSAR'000SAR'000SAR'000SAR'000SAR'000SAR'000REVENUESGross premiums written-Individual-7,297------7,297-Micro enterprises13,6168,968--7075,01328,304-Small enterprises37,93919,8038296319,12568,327-Medium enterprises18,91629,447--10,10230,74889,213-Large enterprises4,75931372,93921,80221,247121,06075,23065,82873,76833,24266,133314,201Reinsurance premiums ceded-Local(85)(6,685)-(12,204)(3,261)(22,235)-Foreign(442)(12,745)(72,504)(18,478)(56,815)(160,984)(527)(19,430)(72,504)(30,682)(60,076)(183,219)Excess of loss expenses-Local(501)(321)----(315)(1,137)-Foreign(932)(1,824)----(2,246)(5,002)(1,433)(2,145)----(2,561)(6,139)Net premiums written73,27044,2531,2642,5603,496124,843Changes in unearned premiums– net (33,233) 45,878 (453) 483 (330) 12,345Net premiums earned40,03790,1318113,0433,166137,188Reinsurance commissionsearned -- 9,001 1,185 14,960 8,947 34,093TOTAL REVENUES40,03799,1321,99618,00312,113171,281UNDERWRITING COSTSAND EXPENSESGross claims paid38,669169,287--1,63913,671223,266Reinsurers’ share of claims paid (13,735) (49,872) -- (978) (12,164) (76,749)Net claims paid24,934119,415--6611,507146,517Changes in outstanding claims,net11,0611,763--(131)2,09514,788Changes in claims incurred butnot reported – net 190 (10,000) 22 (699) (168) (10,655)Net claims incurred36,185111,17822(169)3,434150,650Premium deficiency reserve1,141(8,572)698--(33)(6,766)Other technical reserves3843,93832(8)504,396Policy acquisition costs3,8779,480--2,3882,31218,057Other underwriting expenses8066593694162712,521TOTAL UNDERWRITING COSTS AND EXPENSES42,393116,6831,1212,6276,034168,858NET UNDERWRITING RESULT(2,356)(17,551)87515,3766,0792,423 . OPERATING SEGMENTS – (continued)Nine-month period ended 30 September 2021 (Unaudited)MedicalMotorEnergyEngineeringOthersTotalSAR’000SAR’000SAR’000SAR’000SAR’000SAR’000OTHER OPERATING(EXPENSES) / INCOMEGeneral and administrativeexpenses(64,367)Provision for doubtfulreceivables4,198Board remuneration(1,466)Commission income oninvestments7,134Realized gain on investment(296)Other income418TOTAL OTHEROPERATINGEXPENSES – NET (54,379)LOSS FOR THE PERIOD(51,956)Net income for the periodattributable to insuranceoperations--Net loss for the periodattributable to theshareholders before zakatand income tax(51,956)Zakat(5,800)Income tax(200)NET LOSS FOR THEPERIOD ATTRIBUTABLE TOTHE SHAREHOLDERS . OPERATING SEGMENTS – (continued)13.1 Additional informationNine-month period ended 30 September 2021 (Unaudited)MedicalMotorProperty andcasualtyTotalSAR'000SAR'000SAR'000SAR'000REVENUESGross premiums written-Individual--7,297--7,297-Micro enterprises13,6168,9685,72028,304-Small enterprises37,93919,80310,58568,327-Medium enterprises18,91629,44740,85089,213-Large enterprises 4,759 313 115,988 121,06075,23065,828173,143314,201Three-month period ended 30 September 2021 (Unaudited)MedicalMotorProperty andcasualtyTotalSAR'000SAR'000SAR'000SAR'000REVENUESGross premiums written-Individual--4,106--4,106-Micro enterprises3,9492,8907907,629-Small enterprises17,2267,63094725,803-Medium enterprises7,1613,0649,14219,367-Large enterprises 807 12 49,215 50,03429,14317,70260,094106,939 OPERATING SEGMENTS – (continued)Nine-month period ended 30 September 2020 (Unaudited)MedicalMotorEnergyEngineeringOthersTotalREVENUESSAR'000SAR'000SAR'000SAR'000SAR'000SAR'000Gross premiums written-Individual-132,831----210133,041-Micro enterprises7,7688,609--9768,06625,419-Small enterprises17,17424,149--5,04312,61758,983-Medium enterprises9,07430,952--87,68840,402168,116-Large enterprises1674,41892,33710,02525,401132,348Reinsurance premiums ceded34,183200,95992,337103,73286,696517,907-Local(2,877)(10,048)--(4,951)(4,113)(21,989)-Foreign(12,966)(50,015)(90,747)(94,561)(72,554)(320,843)Excess of loss expenses(15,843)(60,063)(90,747)(99,512)(76,667)(342,832)-Local--(237)----(276)(513)-Foreign--(1,338)----(1,566)(2,904)--(1,575)----(1,842)(3,417)Net premiums writtenChanges in unearned premiums, net18,340 (6,107)139,321 (79,622)1,590 (565)4,220 (670)8,187 (1,616)171,658 (88,580)Net premiums earnedReinsurance commissions earned12,233 --59,699 6,6831,025 1,3173,550 9,7656,571 9,59883,078 27,363TOTAL REVENUES12,23366,3822,34213,31516,169110,441UNDERWRITING COSTS AND EXPENSESGross claims paid15,10258,317--2,7576,06882,244Reinsurers’ share of claims paid (7,820) (19,063) -- (2,137) (4,417) (33,437)Net claims paidChanges in outstanding claims, net7,2821,29239,254(3,733)----6203871,651(125)48,807(2,179)Changes in claims incurred butnot reported, net (4,550) 2,304 6 (367) 379 (2,228)Net claims incurred4,02437,82566401,90544,400Premium deficiency reserve(5,060)9,897443--2,4887,768Other technical reserves(2,381)5,258--2(37)2,842Policy acquisition costs1,1405,011--1,568244610,165Other underwriting expenses4664054622943171,944TOTAL UNDERWRITING COSTS AND EXPENSES(1,811)58,3969112,5047,11967,119NET UNDERWRITING RESULT14,0447,9861,43110,8119,05043,322 . OPERATING SEGMENTS – (continued)Nine-month period ended 30 September 2020 (Unaudited)MedicalMotorEnergyEngineeringOthersTotalOTHER OPERATINGSAR’000SAR’000SAR’000SAR’000SAR’000SAR’000(EXPENSES) / INCOMEGeneral and administrative expenses(64,438)Provision for doubtful receivables(10,382)Board remuneration(979)Investment Income7,725Realized gain on investments4,246Other incomeTOTAL OTHER OPERATING2,803EXPENSES, NET(61,025)LOSS FOR THE PERIOD(17,703)Net income for the period attributable to insurance operations--Net loss for the period attributable to the shareholders’before zakat and income tax(17,703)Zakat(5,700)Income tax(300)NET LOSS FOR THE PERIOD ATTRIBUTABLE TO THESHAREHOLDERS(23,703)13.1 Additional informationThree-month period ended 30 September 2020 (Unaudited)MedicalMotorProperty andcasualtyProtection andsavingsTotalSAR'000SAR'000SAR'000SAR'000SAR'000REVENUESGross premiums written-Individual--49,54845--49,593-Micro enterprises4,1803,0071,658--8,845-Small enterprises7,4986,0754,576--18,149-Medium enterprises5,1341,5344,917--11,585-Large enterprises (1) 16 40,563 -- 40,57816,81160,18051,759--128,750 13.OPERATING SEGMENTS – (continued)Nine-month period ended 30 September 2020 (Unaudited)MedicalMotorProperty andcasualtyProtection andsavingsTotalSAR'000SAR'000SAR'000SAR'000SAR'000REVENUESGross premiums written-Individual--132,831210--133,041-Micro enterprises7,7688,6099,042--25,419-Small enterprises17,17424,14917,660--58,983-Medium enterprises9,07430,952128,090--168,116-Large enterprises 167 4,418 127,763 -- 132,34834,183200,959282,765--517,907	13
Disclosure of capital management [text block]	17.CAPITAL MANAGEMENTObjectives 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 September31 December20212020(Unaudited) SAR’000(Audited) SAR’000Letters of guarantee issued in favour of ZATCA 22,09622,096Letters of guarantee issued in favour of non-government customers 1,400 1,400Total23,49623,496a.The Company has capital commitments outstanding as at 30 September 2021 amounting to SAR 20.996 million (31 December 2020: SAR 19.67 million) in respect of software development project.b.As at 30 September 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 risk management [abstract]
Disclosure of insurance/ takaful risk [text block]	20.IMPACT OF COVID-19The outbreak of novel coronavirus (COVID-19) since early 2020, its spread across mainland China and then globally including the Kingdom of Saudi Arabia and the declaration of this pandemic by the World Health Organization has resulted globally in governmental authorities imposing quarantines and travel restrictions of varying scope; has led to significant disruptions in the retail, travel and hospitality industries, and in global trade. It has resulted in decreased economic activity and lowered estimates for future economic growth and has caused global financial markets to experience significant volatility. The Company has considered the following while assessing the impact of COVID- 19 outbreak:Financial assetsThe Company has performed an assessment in accordance with its accounting policy due to the Covid-19 pandemic to determine whether there is objective evidence that a financial asset or group of financial assets has been impaired. These include factors such as, significant financial difficulties of issuers or debtors, default or delinquency in payments, probability that the issuer or debtor will enter bankruptcy or other financial reorganization, etc. In case of equities classified under available-for-sale, the Company has performed an assessment to determine whether there is a significant decline in the fair value of financial assets below their cost. Based on these assessments, the Company’s management believes that the Covid-19 pandemic has had no material effects on Company’s reported results for the Nine-month ended 30 September 2021. The Company’s management continues to monitor the situation closely.Credit risk managementThe Company has strengthened its credit risk management policies to address the fast changing and evolving risks posed by the current circumstances. These include review of credit concentrations at granular economic sector, region, counterparty level and take appropriate action where required. Based on the review, the Company has identified the following sectors being impacted significantly by the Covid-19 pandemic and lower oil prices:FoodsAirlinesFreight companiesHotelsRetailConstructionEntertainmentTourismLiquidity RiskThe Company is aware of the need to keep a close focus on liquidity management during this period and has enhanced its monitoring of current liquidity needs as well as the pandemic in its entirety. The Company regularly reviews and updates the liquidity forecast based on the individual liquidity balance as well as the continued development of external economic factors.	20
Disclosure of fair value of financial assets and liabilities [text block]	12.FAIR VALUES OF FINANCIAL INSTRUMENTSFair 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. 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 September 2021 (Unaudited)Level 1Level 2Level 3TotalSAR’ 000SAR’ 000SAR’ 000SAR’ 000Financial assets measured at fair valueEquity securities and mutual funds-Insurance operations--93,672--93,672-Shareholders’ operations4,79020,296--25,086Debt securities-Insurance operations---------Shareholders’ operations -- 136,586 -- 136,5864,790250,554--255,34431 December 2020 (Audited)Level 1Level 2Level 3TotalSAR’ 000SAR’ 000SAR’ 000SAR’ 000Financial assets measured at fair valueEquity securities and mutual fundsInsurance operations229----229Shareholders’ operations25,206----25,206Debt securitiesInsurance operations114,859----114,859Shareholders’ operations 40,055 106,094 -- 146,149180,349106,094--286,443Above table does not include available-for-sale investment amounting to SAR 1.9 million (2020: SAR 1.9 million) which is carried at cost as its fair value cannot be measured reliably.There were no transfers made between Level 1, Level 2 and Level 3 during the period / year.	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	19
Disclosure of board of director's approval of the financial statements [text block]	22.APPROVAL OF THE CONDENSED INTERIM FINANCIAL STATEMENTSThe condensed interim financial statements have been approved by the Board of Directors on 2 November 2021 corresponding to Rabiʻ I 27, 1443 AH	22
Disclosure of other notes relevant to understanding of financial statements [text block]	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 September 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