	English [member]
Start Date	2018-04-01	2017-04-01
End Date	2018-06-30	2017-06-30
Filing information [line items]
Disclosure of entity information [abstract]
Name of reporting entity	CHUBB Arabia Cooperative Insurance Co.
Company symbol code\| ISIN code	8240 \| SA12A0540O17
Sector\| Industry group	Financials \| Insurance
Disclosure of document information [abstract]
Whether entity wants to report opening statement of financial position	No
Period covered by financial statements	Quarter 2
Reporting period start date	2018-04-01	2017-04-01
Reporting period end date	2018-06-30	2017-06-30
Description of nature of financial statements	Standalone
Status of financial statements	Reviewed
Description of presentation currency	Saudi Arabia, Riyals
Level of rounding used in financial statements	Thousands

	Primary auditor [member]	Primary auditor [member]	Second primary auditor [member]	Second primary auditor [member]
	English [member]		English [member]
Start Date	2018-04-01	2018-04-01	2018-04-01	2018-04-01
End Date	2018-06-30	2018-06-30	2018-06-30	2018-06-30
Auditors information [line items]
Details of auditors signing report [abstract]
Name of auditor signing report	Waleed G. Tawfiq		Ibrahim Ahmed Al-Bassam
Registration number of auditor	437		337
Details of audit firm [abstract]
Name of audit firm	Ernst & Young & Co.		PKF Al Bassam & Al Nemer Allied Accountant
Registration number of audit firm	45		520/11/323
Contact number of audit firm	013-849 9500		013 893 3378
Address of audit firm	4th floor, Juffali Building, P. O. Box 3795, Al Khobar 31952		3rd Floor Al Dewan Comm. Center P. O. Box 4636 Al Khobar 31952

	English [member]
Start Date	2018-04-01
End Date	2018-06-30
Auditors report [line items]
Disclosures of auditors report [text block]	We have reviewed the accompanying interim statement of financial position of CHUBB Arabia Cooperative Insurance Company, a Saudi Joint Stock Company (the “Company”) as at 30 June 2018, and the related interim statements of income and comprehensive income for the three-month and six-month periods then ended and the related interim statements of changes in shareholders’ equity and cash flows for the six-month period then ended, and a summary of significant accounting policies and other explanatory notes.
Contents of auditors report [abstract]
Nature of auditors opinion	Unmodified opinion
Basis of opinion	We conducted our review in accordance with International Standard on Review Engagements 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity” as endorsed in the Kingdom of Saudi Arabia. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing as endorsed in the Kingdom of Saudi Arabia and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
Responsibilities of management and those charged with governance for financial statements	Management is responsible for the preparation and fair presentation of these interim condensed financial statements in accordance with International Accounting Standard 34, “Interim Financial Reporting” (“IAS 34”) as modified by the Saudi Arabian Monetary Authority (“SAMA”) for the accounting of zakat and income tax. Our responsibility is to express a conclusion on these interim condensed financial statements based on our review.
Date of signing audit report by auditor	2018-08-06

[300100] Statement of financial position, order of liquidity

Start Date	2018-01-01	2017-01-01	2017-01-01	Note No.
End Date	2018-06-30	2017-12-31	2017-06-30	Note No.
Statement of financial position [abstract]
Assets [abstract]
Insurance/ takaful operations assets [abstract]
Property and equipment, net, insurance/ takaful operations assets	899	984	1,266
Due from related parties, insurance/ takaful operations assets	83	83	59
Deferred policy acquisition costs	8,271	4,912	8,089
Reinsurers/ retakaful share of unearned premiums/ contributions	55,133	44,256	43,579
Prepayments and other assets, insurance/ takaful operations assets	6,136	5,948	4,230
Due from shareholders operations			337
Premiums/ insurance receivables/takaful contributions receivable, net	113,457	65,263	85,470
Reinsurers/ retakaful share of outstanding claims/ benefits, net	115,440	116,112	112,051
Available-for-sale investments, insurance/ takaful operations assets	28,105	29,108	31,299
Cash and cash equivalents, insurance/ takaful operations assets	77,487	86,494	70,099
Total insurance/ takaful operations assets	405,011	353,160	356,479
Shareholders assets [abstract]
Goodwill	43,775	43,775	43,775
Statutory deposit	20,000	20,000	10,000
Prepayments and other assets, shareholders assets	10,577	5,380	435
Time (Murabaha) deposits, shareholders assets	60,425	59,846
Available-for-sale investments, shareholders assets	48,414	48,253	51,449
Other receivables, net	1,021	817	692
Due from insurance/ takaful operations assets	39,346	39,360	22,687
Cash and cash equivalents, shareholders assets	68,177	55,430	121,089
Total shareholders assets	291,735	272,861	250,127
Total assets	696,746	626,021	606,606
Liabilities and equity [abstract]
Insurance/ takaful operations liabilities and surplus (deficit) [abstract]
Insurance/ takaful operations liabilities [abstract]
Gross unearned premiums/ contributions	108,909	74,285	96,746
Unearned commission income	8,563	6,225	10,153
Employees end of service benefits, insurance/ takaful operations liabilities	6,241	6,117	6,815
Surplus distribution payable	7,546	5,235	13,864
Reserve for insurance/ takaful operations	2,730	2,416	3,351
Technical reserve for insurance/takaful operations	2,224	3,006	1,054
Due to shareholders operations	39,346	39,360	22,687
Reinsurers/ retakaful balance payable	38,690	29,816	21,999
Gross outstanding claims/ benefits including IBNR payable	160,370	164,728	163,099
Other technical reserves	-158	-158
Accrued expenses payable, insurance/ takaful operations liabilities	22,609	13,461	6,567
Other liabilities, insurance/ takaful operations	7,941	8,669	10,144
Total insurance/ takaful operations liabilities	405,011	353,160	356,479
Total insurance/ takaful operations liabilities and surplus (deficit)	405,011	353,160	356,479
Shareholders liabilities and equity [abstract]
Shareholders liabilities [abstract]
Zakat payable	12,089	10,866	5,001
Income tax payable	1,791	2,505	748
Due to insurance/ takaful operations			337
Accrued expenses payable, shareholders liabilities	3,094	1,901	1,023
Other liabilities, shareholders liabilities	1,021	817	692
Total shareholders liabilities	17,995	16,089	7,801
Shareholders equity [abstract]
Equity attributable to owners of parent [abstract]
Share capital	200,000	200,000	100,000
Statutory reserve	23,491	19,309	35,558
Retained earnings (accumulated losses)	50,249	37,463	106,768
Total equity attributable to equity holders of company	273,740	256,772	242,326
Total shareholders liabilities and equity	291,735	272,861	250,127
Total insurance/ takaful operations liabilities, surplus (deficit) and shareholders liabilities and equity	696,746	626,021	606,606

Start Date	2018-04-01	2017-04-01	2018-01-01	2017-01-01
End Date	2018-06-30	2017-06-30	2018-06-30	2017-06-30
Statement of insurance/ takaful operations [abstract]
Statement of insurance/ takaful operations and accumulated surplus (deficit) [abstract]
Income from insurance/ takaful operations [abstract]
Net premiums/ contributions earned [abstract]
Net premiums/ contributions written [abstract]
Gross premiums/ contributions written	52,721	48,378	151,588	132,877
Excess of loss expense	1,102	1,044	2,204	2,088
Reinsurance/ retakaful premiums ceded	26,163	19,359	72,470	54,529
Net premiums/ contributions written	25,456	27,975	76,914	76,260
Changes in unearned premiums/ contributions	-10,260	-9,452	34,624	22,189
Reinsurance/ retakaful share of unearned premiums/ contributions	7,604	10,670	-10,876	2,932
Net premiums/ contributions earned	28,112	26,757	53,166	51,139
Reinsurance/ retakaful commissions	5,323	5,030	10,384	8,178
Investment income from insurance/ takaful operations, net	671	559	1,177	1,165
Fees and other income from insurance/ takaful operations	857	1,185	1,412	2,148
Total income from insurance/ takaful operations	34,963	33,531	66,139	62,630
Cost and expenses [abstract]
Net claims/ benefits incurred [abstract]
Net claims/ benefits paid [abstract]
Gross claims/ benefits paid	11,868	28,964	26,221	41,616
Reinsurance/ retakaful share of gross claims/ benefits paid	2,452	19,011	6,795	21,835
Net claims/ benefits paid	9,416	9,953	19,426	19,781
Changes in outstanding claims/ benefits including IBNR	550	-12,502	-4,359	-3,745
Changes in reinsurance/ retakaful share of outstanding claims/ benefits	-2,374	11,100	672	1,329
Net claims/ benefits incurred	7,592	8,551	15,739	17,365
Policy acquisition costs	4,768	4,504	9,366	9,241
Supervision and inspection fees	254	233	738	648
Depreciation/ amortisation, insurance/ takaful operations	93	207	199	410
General and administrative expenses, insurance/ takaful operations	6,823	6,199	13,425	12,327
Other underwriting expenses	122	253	552	418
Realised gain (loss) on investments held at fair value through statement of income	-3	-28	-3	-28
Unrealised gain (loss) on investments held at fair value through statement of income	-198	-97	-536	-143
Other cost and expenses	3,898	2,486	2,697	697
Total cost and expenses	23,751	22,558	43,255	41,277
Surplus (deficit) for period from insurance/ takaful operations	11,212	10,973	22,884	21,353
Shareholders appropriation from insurance/ takaful operations surplus (deficit)	10,091	9,876	20,596	19,218
Net result for period from insurance/ takaful operations after shareholders appropriation	1,121	1,097	2,288	2,135
Policyholders share of accumulated surplus, at end of period	1,121	1,097	2,288	2,135

Start Date	2018-04-01	2017-04-01	2018-01-01	2017-01-01
End Date	2018-06-30	2017-06-30	2018-06-30	2017-06-30
Statement of shareholders operations [abstract]
Profit (loss) [abstract]
Income (loss) from continuing operations [abstract]
Shareholders appropriation of surplus (deficit) transferred from insurance/ takaful operations	10,091	9,876	20,596	19,218
Revenue [abstract]
Commission/ profit on deposits	550	462	1,049	1,035
Realised gain (loss) on investments held as fair value through statement of income	-3	-37	-3	-37
Unrealised gain (loss) on investments held as fair value through statement of income	337	192	767	92
Dividend income	462	459	690	697
Total revenue	1,346	1,076	2,503	1,787
Expenses [abstract]
General and administrative expenses, shareholders operations	579	656	952	1,207
Board of directors' remuneration	553	334	1,125	695
Other expenses	35	181	113	185
Total expenses	1,167	1,171	2,190	2,087
Income (loss) from continuing operations before zakat and income tax	10,270	9,781	20,909	18,918
Profit (loss) from continuing operations	10,270	9,781	20,909	18,918
Profit (loss) for the period	10,270	9,781	20,909	18,918
Profit (loss), attributable to [abstract]
Profit (loss), attributable to saudi shareholders of company	7,189	6,613	14,636	13,243
Profit (loss), attributable to non-saudi shareholders of company	3,081	3,168	6,273	5,675
Earnings per share [abstract]
Basic earnings (loss) per share [abstract]
Basic earnings (loss) per share from continuing operations	0.51	0.49	1.05	0.95
Total basic earnings (loss) per share	0.51	0.49	1.05	0.95
Weighted average number of equity shares outstanding	20000000	20000000	20000000	20000000

Start Date	2018-04-01	2017-04-01	2018-01-01	2017-01-01
End Date	2018-06-30	2017-06-30	2018-06-30	2017-06-30
Statement of other comprehensive income, before tax [abstract]
Net result for period from insurance/ takaful operations after shareholders appropriation	1,121	1,097	2,288	2,135
Total comprehensive income (loss) for period	1,121	1,097	2,288	2,135

Start Date	2018-04-01	2017-04-01	2018-01-01	2017-01-01
End Date	2018-06-30	2017-06-30	2018-06-30	2017-06-30
Statement of other comprehensive income, before tax [abstract]
Statement of comprehensive income [abstract]
Profit (loss) for the period	10,270	9,781	20,909	18,918
Total comprehensive income (loss) for period	10,270	9,781	20,909	18,918
Total comprehensive income (loss) attributable to [abstract]
Total comprehensive income (loss), attributable to saudi shareholders of company	7,189	6,613	14,636	13,243
Total comprehensive income (loss), attributable to non-saudi shareholders of company	3,081	3,168	6,273	5,675

[300600] Statement of cash flows, indirect method, insurance operations

Start Date	2018-01-01	2017-01-01	Note No.
End Date	2018-06-30	2017-06-30	Note No.
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	2,288	2,135
Adjustments to reconcile net income to net cash from insurance/ takaful operations after shareholders appropriation
Adjustments for depreciation, insurance/ takaful operations cash flow	204	432
Adjustments for employees end of service benefits	1,151	704
Adjustments for allowance for doubtful receivables	3,165	783
Adjustments for (gains) losses on disposal of property and equipment, net	-24
Other adjustments to reconcile net income to net cash from insurance/ takaful operating activities	539	171
Total adjustments to reconcile net income to net cash from insurance/ takaful operations after shareholders appropriation	5,035	2,090
Changes in operating assets and liabilities [abstract]
Adjustments for decrease (increase) in premium receivables, net	-51,359	-28,105
Adjustments for decrease (increase) in prepayments and other assets	-188	931
Adjustments for increase (decrease) in outstanding claims including IBNR	-4,359	-3,745
Adjustments for increase (decrease) in reinsurers/ retakaful balance payable	8,874	1,929
Adjustments for increase (decrease) in accrued expenses and other liabilities	8,421	-9,898
Adjustments for decrease (increase) in reinsurers/ retakaful share of outstanding claims, net	672	1,329
Adjustments for decrease (increase) in deferred policy acquisition costs	-3,359	-2,831
Adjustments for decrease (increase) in unearned commission income	2,337	3,120
Adjustments for movement in gross unearned premiums/ contributions	34,624	20,748
Adjustments for reinsurance/ retakaful share of unearned premiums/ contributions	-10,877	2,928
Adjustment for changes in other technical reserves	-782	-86
Adjustment for changes in other reserves	314	1,445
Total changes in operating assets and liabilities	-15,682	-12,235
Net cash flows from (used in) insurance/ takaful operations	-8,359	-8,010
Other inflows (outflows) of cash classified as operating activities, insurance/ takaful operations cash flow	-1,004	-7,064
Net cash flows from (used in) operating activities, insurance/ takaful operations	-9,363	-15,074
Cash flows from (used in) investing activities, insurance/ takaful operations [abstract]
Proceeds from sales of available-for-sale investments, insurance/ takaful operations cash flow	464	-1,527
Proceeds from sales of property and equipment, insurance/ takaful operations cash flow	47
Purchase of property and equipment, insurance/ takaful operations cash flow	141	284
Net cash flows from (used in) investing activities, insurance/ takaful operations	370	-1,811
Cash flows from (used in) financing activities, insurance/ takaful operations [abstract]
Adjustments for decrease (increase) in due from shareholders operations	-14	-15,019
Adjustments for increase (decrease) in due to shareholders operations		2,664
Net cash flows from (used in) financing activities, insurance/ takaful operations	-14	-12,355
Increase (decrease) in cash and cash equivalents before effect of exchange rate changes	-9,007	-29,240
Net increase (decrease) in cash and cash equivalents	-9,007	-29,240
Cash and cash equivalents at beginning of period	86,494	99,339
Cash and cash equivalents at end of period	77,487	70,099

Start Date	2018-01-01	2017-01-01
End Date	2018-06-30	2017-06-30
Statement of cash flows, indirect method [abstract]
Statement of cash flows [abstract]
Cash flows from (used in) operating activities [abstract]
Net profit (loss) for period [abstract]
Income (loss) from continuing operations before zakat and income tax	20,909	18,918
Net profit (loss) for period (before zakat expenses and income tax)	20,909	18,918
Adjustments to reconcile profit (loss) [abstract]
Adjustments for unrealised loss (gain) on investments held as fair value through statement of income, shareholders cash flow	-764	-55
Other adjustments for non-cash items	204	95
Total adjustments to reconcile profit (loss)	-560	40
Changes in operating assets and liabilities [abstract]
Adjustments for decrease (increase) in prepayments and other assets, shareholders assets	-5,197	67
Adjustments for decrease (increase) in other assets	1,193	-812
Total changes in operating assets and liabilities	-4,004	-745
Net cash flows from (used in) operations	16,345	18,213
Zakat expenses	1,319	5,244
Income taxes refund (paid)	2,113	9,579
Net cash flows from (used in) operating activities	12,913	3,390
Cash flows from (used in) investing activities [abstract]
Proceeds from sales of investments	603	476
Proceeds form Murabaha/ time deposits matured during the period	-579
Other inflows (outflows) of cash	-204	-95
Net cash flows from (used in) investing activities	-180	381
Cash flows from (used in) financing activities [abstract]
Due to reinsurance/ retakaful operations	-14	-15,019
Other inflows (outflows) of cash		-2,664
Net cash flows from (used in) financing activities	14	12,355
Increase (decrease) in cash and cash equivalents before effect of exchange rate changes	12,747	16,126
Net increase (decrease) in cash and cash equivalents	12,747	16,126
Cash and cash equivalents at beginning of period	55,430	104,963
Cash and cash equivalents at end of period	68,177	121,089

[400100] Notes forming part of accounts

English [member]

Note No.

Start Date

2018-04-01

End Date

2018-06-30

Notes forming part of accounts [line items]

Disclosure of notes and other explanatory information [text block]

Disclosure of general information about reporting entity [abstract]

Disclosure of general information about reporting entity [text block]

CHUBB Arabia Cooperative Insurance Company (“the Company”) is a Saudi Joint Stock Company registered on 28 Rajab, 1430H (corresponding to July 21, 2009) under commercial registration number 2050066029 which was later amended to 2051043431 dated 9 Sha’aban 1431H (corresponding to July 21, 2010), issued in Al-Khobar, Kingdom of Saudi Arabia. The Company has been licensed to conduct cooperative insurance business in the Kingdom of Saudi Arabia under cooperative principles in accordance with Royal Decree number 60/M dated 18 Ramadan 1427H (corresponding to October 11, 2006), pursuant to Council of Ministers resolution number 233 dated 16 Ramadan 1427H (corresponding to October 9, 2006).

The activities of the Company are to transact cooperative insurance operations and all related activities in accordance with the Law on Supervision of Cooperative Insurance Companies and it’s implementing regulations in the Kingdom of Saudi Arabia. On 21 Dhul-Hijjah, 1430H (corresponding to December 8, 2009), the Company received the license from Saudi Arabian Monetary Agency (“SAMA”) to transact insurance business in the Kingdom of Saudi Arabia.

Surplus from insurance operations is distributed in accordance with the Implementing Regulations issued by SAMA, whereby the shareholders of the Company are to receive 90% of the annual surplus from insurance operations and the policyholders are to receive the remaining 10%. Any deficit arising on insurance operations is transferred to the shareholders’ operations in full.

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

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

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

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

iv. The interim statement of financial position, interim statements of income and interim statement of comprehensive income of the insurance operations and shareholders operations which are presented on pages 28 to 35 of the financial statements have been provided as supplementary financial information and to comply with the requirements of the guidelines issued by SAMA implementing regulations. SAMA implementing regulations requires the clear segregation of the assets, liabilities, income and expenses of the insurance operations and the shareholders operations. Accordingly, the interim statements of financial position, statement of income and statements of comprehensive income prepared for the insurance operations and shareholders operations as referred to above, reflect only the assets, liabilities, income, expenses and comprehensive gains or losses of the respective operations.

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

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

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

vii. The interim condensed financial statements do not include all the information, and disclosures required in the annual financial statements, and should be read in conjunction with the Company’s annual financial statements as at 31 December 2017. The interim condensed financial statements include all adjustments comprising mainly of normal recurring accruals considered necessary by the Company’s management to present a fair statement of the financial position, results of operations and cash flows.

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

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

Standards issued but not yet effective

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

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

Disclosure of summary of significant accounting policies [abstract]

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

Risk Management

The Company’s activities expose it to variety of financial risks: market risk (including commission rate risk, currency risk, fair value interest rate risk and price risk), credit risk and liquidity risk.

The interim condensed financial statements do not include all financial risk management information and disclosures required in the annual financial statements and therefore should be read in conjunction with the Company’s audited financial statements for the year ended December 31, 2017. There have been no changes in the risk management department or in any risk management policies since the year end.

Seasonality

Due to the seasonality of the operations, results can vary on a quarterly basis.

Use of estimates in the preparation of interim condensed financial statements

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

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

Description of accounting policy for cash dividend and non-cash distribution to equity holders [text block]

3. CASH AND CASH EQUIVALENTS

	*Insurance operations*		*Shareholders’ operations*
	*June* *30, 2018* SR	December 31, 2017 SR	*June* *30, 2018* SR	December 31, 2017 SR
	*(Unaudited)*	(Audited)	*(Unaudited)*	(Audited)
Cash in hand	20,000	15,000	-	-
Cash at banks - Current accounts	13,419,047	12,935,952	9,017,788	6,712,794
- Time deposits	64,047,982	73,543,177	59,158,952	48,717,635
	77,487,029	86,494,129	68,176,740	55,430,429

Deposits are placed with local banks with maturities of less than three-months and earn financial income at an average rate of 1.8% to 2.50% (December 31, 2017: 1.4% to 1.96%).

[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