	English [member]
Start Date	2018-01-01	2017-01-01
End Date	2018-03-31	2017-03-31
Filing information [line items]
Disclosure of entity information [abstract]
Name of reporting entity	Gulf General Cooperative Insurance Co.
Company symbol code\| ISIN code	8260 \| SA12CG541219
Sector\| Industry group	Financials \| Insurance
Disclosure of document information [abstract]
Whether entity wants to report opening statement of financial position	No
Period covered by financial statements	Quarter 1
Reporting period start date	2018-01-01	2017-01-01
Reporting period end date	2018-03-31	2017-03-31
Description of nature of financial statements	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	2018-01-01	2018-01-01
End Date	2018-03-31	2018-03-31
Auditors information [line items]
Details of auditors signing report [abstract]
Name of auditor signing report	Mohamed El Sayed El Ayouty	Ahmed Tayseer Ibrahim
Registration number of auditor	License No. 211	License No. 213
Details of audit firm [abstract]
Name of audit firm	El Sayed El Ayouty & Co	Ahmed Tayseer Ibrahim & Co
Registration number of audit firm	License No. 35	License No. 640
Address of audit firm	P. O. Box 780Jeddah 21421Kingdom of Saudi Arabia	P. O. Box 10496Jeddah 21433Kingdom of Saudi Arabia

	English [member]
Start Date	2018-01-01
End Date	2018-03-31
Auditors report [line items]
Disclosures of auditors report [text block]	We have reviewed the accompanying interim condensed statement of financial position of Gulf General Cooperative Insurance Company - a Saudi Joint Stock Company (the “Company”) as at 31 March 2018, and the related interim condensed statements of income, comprehensive income, changes in shareholders’ equity, cash flows for the three-months period then ended and a summary of significant accounting policies and related notes from 1 to 19 which form an integral part of these interim condensed financial statements. Management is responsible for the preparation and presentation of these interim condensed financial statements in accordance with International Accounting Standard 34, “Interim Financial Reporting” as modified by Saudi Arabian Monetary Authority (“SAMA”) for the accounting for zakat and tax. Our responsibility is to express a conclusion on these interim condensed 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 interim condensed financial statements are not prepared, in all material respects, as at 31 March 2018, in accordance with International Accounting Standard 34, “Interim Financial Reporting” as modified by Saudi Arabian Monetary Authority (“SAMA”) for the accounting for zakat and tax.
Basis of opinion	We conducted our review in accordance with International Standard on Review Engagements 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity” that is endorsed in the Kingdom of Saudi Arabia. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing that are endorsed in the Kingdom of Saudi Arabia and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
Date of signing audit report by auditor	2018-05-10

Start Date	2018-01-01	2017-01-01	2017-01-01	Note No.
End Date	2018-03-31	2017-12-31	2017-03-31
Statement of financial position [abstract]
Assets [abstract]
Insurance/ takaful operations assets [abstract]
Property and equipment, net, insurance/ takaful operations assets	4,942	3,936	1,752
Deferred policy acquisition costs	6,728	4,870	8,346
Reinsurers/ retakaful share of unearned premiums/ contributions	53,185	29,925	49,901	8
Prepayments and other assets, insurance/ takaful operations assets	10,915	9,117	20,755
Premiums/ insurance receivables/takaful contributions receivable, net	76,761	41,977	88,416	6
Reinsurers/ retakaful share of outstanding claims/ benefits, net	69,537	83,572	74,386
Time (Murabaha) deposits, insurance/ takaful operations assets			60,000	5
Deferred excess of loss premiums	0	3,152
Cash and cash equivalents, insurance/ takaful operations assets	89,273	109,278	48,644	4
Other assets, insurance/ takaful operations assets	1,088	1,065	1,723
Total insurance/ takaful operations assets	312,429	286,892	353,923
Shareholders assets [abstract]
Goodwill	36,260	36,260	36,260	1
Statutory deposit	20,000	20,000	20,000	1
Prepayments and other assets, shareholders assets	479	5,359	2,987
Investments held at fair value through statement of income, shareholders assets	40,581	33,592	32,584	7
Time (Murabaha) deposits, shareholders assets	83,000	83,000	83,000	5
Accrued investment income	1,003	913	408
Available-for-sale investments, shareholders assets	1,923	1,923	1,923
Due from insurance/ takaful operations assets	29,590	32,382	13,944
Cash and cash equivalents, shareholders assets	2,760	1,490	20,467	4
Total shareholders assets	215,596	214,919	211,573
Total assets	528,025	501,811	565,496
Liabilities and equity [abstract]
Insurance/ takaful operations liabilities and surplus (deficit) [abstract]
Insurance/ takaful operations liabilities [abstract]
Gross unearned premiums/ contributions	110,229	61,393	108,914	8
Unearned commission income	8,256	5,747	8,826
Employees end of service benefits, insurance/ takaful operations liabilities	7,403	7,866
Surplus distribution payable	9,234	10,190	8,394
Due to shareholders operations	29,590	32,382	13,944
Reinsurers/ retakaful balance payable	45,726	26,309	40,191
Gross outstanding claims/ benefits including IBNR payable	88,266	110,648	141,584	8
Other technical reserves	6,284	7,026	1,887
Accrued expenses payable, insurance/ takaful operations liabilities	1,736	15,781	20,154
Other liabilities, insurance/ takaful operations	5,705	9,550	10,029
Total insurance/ takaful operations liabilities	312,429	286,892	353,923
Total insurance/ takaful operations liabilities and surplus (deficit)	312,429	286,892	353,923
Shareholders liabilities and equity [abstract]
Shareholders liabilities [abstract]
Zakat payable	14,226	13,032	13,922
Accrued expenses payable, shareholders liabilities	2,605	3,624	3,196
Other liabilities, shareholders liabilities	1,003	913	408
Total shareholders liabilities	17,834	17,569	17,526
Shareholders equity [abstract]
Equity attributable to owners of parent [abstract]
Share capital	200,000	200,000	200,000
Statutory reserve	2,165	2,165	1,642
Retained earnings (accumulated losses)	-4,403	-4,815	-7,595
Total equity attributable to owners of parent	197,762	197,350	194,047
Total equity attributable to equity holders of company	197,762	197,350	194,047
Total shareholders liabilities and equity	215,596	214,919	211,573
Total insurance/ takaful operations liabilities, surplus (deficit) and shareholders liabilities and equity	528,025	501,811	565,496

Start Date	2018-01-01	2017-01-01
End Date	2018-03-31	2017-03-31
Statement of insurance/ takaful operations [abstract]
Statement of insurance/ takaful operations and accumulated surplus (deficit) [abstract]
Income from insurance/ takaful operations [abstract]
Net premiums/ contributions earned [abstract]
Net premiums/ contributions written [abstract]
Gross premiums/ contributions written	94,446	81,691
Excess of loss expense	1,228	2,768
Reinsurance/ retakaful premiums ceded	46,361	39,080
Net premiums/ contributions written	46,857	39,843
Changes in unearned premiums/ contributions	25,576	14,335
Net premiums/ contributions earned	21,281	25,508
Reinsurance/ retakaful commissions	4,179	5,800
Investment income from insurance/ takaful operations, net	249	552
Fees and other income from insurance/ takaful operations	1,580	1,786
Total income from insurance/ takaful operations	27,289	33,646
Cost and expenses [abstract]
Net claims/ benefits incurred [abstract]
Net claims/ benefits paid [abstract]
Gross claims/ benefits paid	42,057	29,083
Reinsurance/ retakaful share of gross claims/ benefits paid	25,305	10,982
Net claims/ benefits paid	16,752	18,101
Changes in outstanding claims/ benefits including IBNR	-2,360	-4,105
Changes in other technical reserves	-743	2,145
Net claims/ benefits incurred	13,649	16,141
Policy acquisition costs	3,435	4,714
General and administrative expenses, insurance/ takaful operations	12,448	12,933
Total cost and expenses	29,532	33,788
Surplus (deficit) for period from insurance/ takaful operations	-2,243	-142
Shareholders appropriation from insurance/ takaful operations surplus (deficit)	-2,243	-142
Net result for period from insurance/ takaful operations after shareholders appropriation	0	0
Policyholders share of accumulated surplus, at end of period	0	0

Start Date	2018-01-01	2017-01-01
End Date	2018-03-31	2017-03-31
Statement of shareholders operations [abstract]
Profit (loss) [abstract]
Income (loss) from continuing operations [abstract]
Shareholders appropriation of surplus (deficit) transferred from insurance/ takaful operations	-2,243	-142
Revenue [abstract]
Income from murabaha/ time deposits	423	776
Realised gain (loss) on available-for-sale investments	277	239
Realised gain (loss) on investments held as fair value through statement of income	2,495	-669
Total revenue	3,195	346
Expenses [abstract]
General and administrative expenses, shareholders operations	916	528
Total expenses	916	528
Income (loss) from continuing operations before zakat and income tax	36	-324
Profit (loss) from continuing operations	36	-324
Profit (loss) for the period	36	-324
Profit (loss), attributable to [abstract]
Profit (loss), attributable to saudi shareholders of company	36	-324
Earnings per share [abstract]
Basic earnings (loss) per share [abstract]
Basic earnings (loss) per share from continuing operations	0.0018	-0.0162
Total basic earnings (loss) per share	0.0018	-0.0162
Weighted average number of equity shares outstanding	20000000	20000000

Start Date	2018-01-01	2017-01-01
End Date	2018-03-31	2017-03-31
Statement of other comprehensive income, before tax [abstract]
Net result for period from insurance/ takaful operations after shareholders appropriation	0	0
Total comprehensive income (loss) for period	0	0

Start Date	2018-01-01	2017-01-01
End Date	2018-03-31	2017-03-31
Statement of other comprehensive income, before tax [abstract]
Statement of comprehensive income [abstract]
Profit (loss) for the period	36	-324
Total comprehensive income (loss) for period	36	-324
Total comprehensive income (loss) attributable to [abstract]
Total comprehensive income (loss), attributable to saudi shareholders of company	36	-324

Start Date	2018-01-01	2017-01-01
End Date	2018-03-31	2017-03-31
Statement of cash flows, indirect method [abstract]
Statement of cash flows, insurance/ takaful operations [abstract]
Cash flows from (used in) operating activities, insurance/ takaful operations [abstract]
Net result for period from insurance/ takaful operations after shareholders appropriation	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	419	151
Adjustments for allowance for doubtful receivables	-234	1,845
Other adjustments to reconcile net income to net cash from insurance/ takaful operating activities	-1,416	730
Total adjustments to reconcile net income to net cash from insurance/ takaful operations after shareholders appropriation	-1,231	2,726
Changes in operating assets and liabilities [abstract]
Adjustments for decrease (increase) in premium receivables, net	-34,434	-28,087
Adjustments for decrease (increase) in prepayments and other assets	-991	-486
Adjustments for increase (decrease) in outstanding claims including IBNR	-22,382	9,769
Adjustments for increase (decrease) in reinsurers/ retakaful balance payable	16,456	15,078
Adjustments for increase (decrease) in accrued expenses and other liabilities	-15,620	-569
Adjustments for decrease (increase) in reinsurers/ retakaful share of outstanding claims, net	16,869	-11,601
Adjustments for decrease (increase) in deferred policy acquisition costs	-1,858	-1,723
Adjustments for decrease (increase) in deferred excess of loss expense	3,152	-2,274
Adjustments for decrease (increase) in unearned commission income	2,509	1,959
Adjustments for decrease (increase) in due from shareholders operations	-2,792	-16,185
Adjustments for movement in gross unearned premiums/ contributions	48,836	29,527
Adjustments for reinsurance/ retakaful share of unearned premiums/ contributions	-23,260	-15,192
Adjustment for changes in other technical reserves	674	1,415
Adjustments for other changes in operating assets and liabilities, insurance/ takaful operations cash flow	-5,573	557
Total changes in operating assets and liabilities	-18,414	-17,812
Net cash flows from (used in) insurance/ takaful operations	-19,645	-15,086
Net cash flows from (used in) operating activities, insurance/ takaful operations	-19,645	-15,086
Cash flows from (used in) investing activities, insurance/ takaful operations [abstract]
Time (Murabaha) deposits, insurance/ takaful operations cash flow	0	40,000
Purchase of property and equipment, insurance/ takaful operations cash flow	360	203
Net cash flows from (used in) investing activities, insurance/ takaful operations	-360	39,797
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	0	0
Net cash flows from (used in) financing activities, insurance/ takaful operations	0	0
Increase (decrease) in cash and cash equivalents before effect of exchange rate changes	-20,005	24,711
Net increase (decrease) in cash and cash equivalents	-20,005	24,711
Cash and cash equivalents at beginning of period	109,278	23,933
Cash and cash equivalents at end of period	89,273	48,644

Start Date	2018-01-01	2017-01-01
End Date	2018-03-31	2017-03-31
Statement of cash flows, indirect method [abstract]
Statement of cash flows [abstract]
Cash flows from (used in) operating activities [abstract]
Net profit (loss) for period [abstract]
Income (loss) from continuing operations before zakat and income tax	36	-324
Net profit (loss) for period (before zakat expenses and income tax)	36	-324
Adjustments to reconcile profit (loss) [abstract]
Adjustments for unrealised loss (gain) on investments held as fair value through statement of income, shareholders cash flow	-2,495	431
Adjustments for realised loss (gain) on investments held as fair value through statement of income, shareholders cash flow	-277	0
Total adjustments to reconcile profit (loss)	-2,772	431
Changes in operating assets and liabilities [abstract]
Adjustments for increase (decrease) in accrued expenses and other liabilities, shareholders cash flow	551	130
Adjustments for decrease (increase) in due from insurance/ takaful operations	2,792	16,185
Adjustments for decrease (increase) in prepayments and other assets, shareholders assets	4,880	-941
Total changes in operating assets and liabilities	8,223	15,374
Net cash flows from (used in) operations	5,487	15,481
Net cash flows from (used in) operating activities	5,487	15,481
Cash flows from (used in) investing activities [abstract]
Purchase of investments held at fair value through statement of income	4,217	0
Net cash flows from (used in) investing activities	-4,217	0
Cash flows from (used in) financing activities [abstract]
Other inflows (outflows) of cash	0	0
Net cash flows from (used in) financing activities	0	0
Increase (decrease) in cash and cash equivalents before effect of exchange rate changes	1,270	15,481
Net increase (decrease) in cash and cash equivalents	1,270	15,481
Cash and cash equivalents at beginning of period	1,490	4,986
Cash and cash equivalents at end of period	2,760	20,467

[400100] Notes forming part of accounts

English [member]

Note No.

Start Date

2018-01-01

End Date

2018-03-31

Notes forming part of accounts [line items]

Disclosure of notes and other explanatory information [text block]

Disclosure of general information about reporting entity [abstract]

Disclosure of general information about reporting entity [text block]

ORGANIZATION AND PRINCIPLE ACTIVITIESGulf General Cooperative Insurance Company ("GGCI" or the "Company") is a Saudi Joint Stock Company incorporated in the Kingdom of Saudi Arabia as per the Ministry of Commerce and Industry's Resolution number 12/Q dated 17 Muharram 1431H (corresponding to 3 January 2010) and registered under Commercial Registration number 4030196620 dated 9 Safar 1431H (corresponding to 25 January 2010). The registered address of the Company’s head office is as follows:Gulf General Cooperative Insurance Company Al Gheithy Plaza, Second Floor,Ameer Al Shoura'a StreetJeddah, Kingdom of Saudi ArabiaThe Company also has the following branches, which are operating under separate commercial registrations:BranchCommercial Registration No.Date of RegistrationRiyadh101031682329 Shawwal 1432H(corresponding to 27 September 2011)Al Khobar205104683619 Dhul Qa’dah 1432H (corresponding to 17 October 2011)The Company is licensed to conduct insurance business in the Kingdom of Saudi Arabia under cooperative principles in accordance with Royal Decree No. M/85 dated 5 Thul Hujja 1429H (corresponding to 3 December 2008) pursuant to Council of Ministers' Resolution No. 365 dated 3 Thul Hujja 1429H (corresponding to 1 December 2008). The Company obtained a license to conduct insurance operations in the Kingdom of Saudi Arabia from the Saudi Central Bank ("SAMA") on 20 Rabi-al-Awwal 1431H (corresponding to 6 March 2010). The Company was listed on the Saudi Arabian Stock Exchange (“Tadawul”) on 24 Safar 1431H (corresponding to 8 February 2010).The objectives of the Company are to engage in providing insurance and related services, which include reinsurance, in accordance with its by-laws, and applicable regulations in the Kingdom of Saudi Arabia. Its principal lines of business include medical, motor, property, engineering, marine and accident and liability.In accordance with the By-laws of the Company, the surplus arising from the insurance operations is distributed as follows:Transfer to shareholders’ operations90%Transfer to insurance operations10%100%In case of deficit arising from the insurance operations, the entire deficit is allocated and transferred to the shareholders’ operations in full.In accordance with the Implementing Regulations issued by SAMA, 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.Portfolio transferOn 19 May 2012, the Company entered into an agreement with Saudi General Insurance CompanyE.C. (“SGI”) and Gulf Cooperation Insurance Company Ltd. E.C. (“GCI”) (the "Sellers") pursuant to which it acquired the sellers' insurance operations in the Kingdom of Saudi Arabia, effective 1 January 2009, at a goodwill amount of SR 36.26 million, as approved by SAMA, along with the related insurance assets and liabilities of an equivalent amount.

Disclosure of statement of compliance [text block]

2.1Statement of complianceThe interim condensed financial information of the Company has 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 pronouncements issued by the Saudi Organization for Chartered and Professional Accountants (SOCPA).These interim condensed financial statements have been prepared under the going concern basis and historical cost convention, except for the measurement of investments held at fair value through income statement (“FVIS”) and available-for-sale investment that are measured at fair value, and employees’ defined benefit obligations which is recognized at the present value of future obligations using the projected unit credit method.The Company’s interim condensed statement of financial position is presented in order of liquidity. Except for available-for-sale investment, property and equipment, right-of-use assets, intangible assets, goodwill, statutory deposit, accrued income on statutory deposit, employees’ defined benefit obligations, lease liabilities and accrued income payable to SAMA, all other assets and liabilities are of short-term nature, unless, stated otherwise.The Company’s Board of Directors has made an assessment of its ability to continue as a going concern and is satisfied that it will be able to continue as a going concern in the foreseeable future. Furthermore, the Board of Directors are not aware of any material uncertainties that may cast significant doubt upon the Company’s ability to continue as a going concern. Therefore, the interim condensed financial statements have been prepared on the going concern basis.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 interim condensed financial information remains appropriate.As required by Saudi Arabian Insurance Regulations (“the Implementing Regulations”) the Company maintains separate books of accounts for “Insurance operations” and “Shareholders’ operations”. Accordingly, assets, liabilities, revenues and expenses attributable to either operation, are recorded in the respective accounts. Note 21 to these interim condensed financial statements provides the statement of financial position, statements of income, comprehensive income and cash flows of the insurance operations and shareholders operations, separately.The interim condensed 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 as of and for the year ended 31 December 2019.The interim condensed financial statements may not be considered indicative of the expected results for the full year.These interim condensed financial statements are expressed in Saudi Arabian Riyals (SR) and are rounded off to the nearest thousands.

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

The Company has adopted the following amendments and revisions to existing standards, where applicable, which were issued by the International Accounting Standards Board (IASB):Standard / AmendmentsDescriptionIAS 7Amendment to IAS 7 - Disclosure initiativeIFRS 15Revenue from Contracts with CustomersIFRS 2Amendments to IFRS 2 - Classification and measurement of share-based payment transactionsIFRIC 22Foreign currency transactions and advance considerationIAS 40Amendments to IAS 40 - Transfers of investment propertyIFRS 1 and IAS 28Annual Improvements 2016 to IFRS 2014-2016 cycleThe adoption of the relevant new and amended standards and interpretations applicable to the Company did not have any significant impact on these interim condensed financial statements.

Disclosure of issued IFRS not yet adopted [text block]

Standards issued but not yet effective up to the date of issuance of the Company’s financial statements are listed below. The listing is of standards issued, which the Company reasonably expects to be applicable at a future date. The Company intends to adopt these standards, where applicable, when they become effective.Standard / AmendmentsDescriptionEffective from periods beginning on or after the following dateIFRS 9Financial Instruments (note below)1 January 2018IFRS 16 Leases1 January 2019IFRIC 23Uncertainty over Income Tax Treatments1 January 2019IFRS 17Insurance Contracts (see below)1 January 2021IFRS 17 introduces a temporary exemption for the implementation of IFRS 9 for reporting entities whose activities predominantly relate to insurance. The Company is currently assessing the implications and application date and expects that it will be eligible for this temporary exemption. If management decides to defer the implementation of IFRS 9 until a later date, it will be no later than 1 January 2021. In July 2014, the IASB published IFRS 9 Financial Instruments which will replace IAS 39 Financial Instruments: Recognition and Measurement. The standard incorporates new classification and measurements requirements for financial assets, the introduction of an expected credit loss impairment model which will replace the incurred loss model of IAS 39, and new hedge accounting requirements. Under IFRS 9, all financial assets will be measured at either amortised cost or fair value. The basis of classification will depend on the business model and the contractual cash flow characteristics of the financial assets. The standard retains most of IAS 39’s requirements for financial liabilities except for those designated at fair value through profit or loss whereby that part of the fair value changes attributable to own credit is to be recognised in other comprehensive income instead of the income statement. The hedge accounting requirements are more closely aligned with risk management practices and follow a more principle based approach.

Disclosure of summary of significant accounting policies [abstract]

Description of accounting policy for cash and cash equivalents [text block]

Cash and cash equivalents included in the statement of cash flows comprise the following:

	31 March 2018 (Unaudited)	31 December 2017 (Audited)
	SR’000	SR’000
Insurance operations
Cash in hand	33	32
Cash at banks (see note (a) below)	14,240	9,246
Investment in Murabaha deposits with maturity less than three months	75,000	100,000

	89,273	109,278

Shareholders’ operations

Cash at banks	2,760	1,490


Total of cash and cash equivalents	92,033	110,768

At 31 March 2018, bank balances amounting to SR 0.5 million (31 December 2017: SR 0.5 million), are held in the name of related parties of the Company, on behalf of the Company.

Disclosure of notes forming part of accounts [abstract]

Disclosure of property and equipment [text block]

Property and equipment are stated at cost less accumulated depreciation and impairment losses if any. Subsequent costs are included in the asset’s carrying amount or recognized as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Company and the cost of the item can be measured reliably. Expenditure incurred to replace a component of an item of property and equipment that is accounted for separately is capitalized and the carrying amount of the component that is replaced is written off. All other repairs and maintenance are charged to the statement of income during the financial period in which they are incurred. Depreciation is calculated on a straight-line basis over the estimated useful lives of the assets. The estimated useful lives of the assets for the calculation of depreciation are as follows:CategoryYearsLeasehold improvements8Furniture and fittings10Computer and office equipment4Motor vehicles4The assets’ residual values and useful lives are reviewed at each reporting date and adjusted if appropriate. The carrying values of these assets are reviewed for impairment when event or changes in circumstances indicate that the carrying value may not be recoverable. If any such indication exists and where the carrying values exceed the estimated recoverable amount, the assets are written down to their recoverable amount being the higher of their fair value less costs to sell and their value-in-use.Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are included in the statement of income.

Disclosure of reinsurers/ retakaful share of outstanding claims, net [text block]

Net outstanding claims and reserves comprise of the following:

	31 March 2018 (Unaudited)	31 December 2017 (Audited)
	SR’000	SR’000

Outstanding claims	38,554	60,746
Claims incurred but not reported	49,712	49,902
Provision for premium deficiency reserve	3,383	4,799
Other technical reserves	2,901	2,227

	94,550	117,674
Less:
Reinsurers’ share of outstanding claims	24,455	41,271
Reinsurers’ share of claims incurred but not reported	21,444	21,497

	45,899	62,768

Net outstanding claims and reserves	48,651	54,906

Disclosure of reinsurers/ retakaful share of unearned premium/ contributions, net [text block]

Movement in unearned premiums comprise of the following:

Three-month ended 31 March 2018 (Unaudited)

	Gross	Reinsurance	Net
	SR’000	SR’000	SR’000

Balance as at the beginning of the period	61,393	(29,925)	31,468
Premiums written during the period	94,446	(47,589)	46,857
Premiums earned during the period	(45,610)	24,329	(21,281)

Balance as at the end of the period	110,229	(53,185)	57,044

Year ended 31 December 2017 (Audited)

	Gross	Reinsurance	Net
	SR’000	SR’000	SR’000

Balance as at the beginning of the period	77,823	(34,709)	43,114
Premiums written during the period	185,627	(97,390)	88,237
Premiums earned during the period	(202,057)	102,174	(99,883)

Balance as at the end of the period	61,393	(29,925)	31,468

Disclosure of investments [text block]

	Notes	31 March 2018 (Unaudited)	31 December 2017 (Audited)
		SR’000	SR’000

Shareholders’ operations
Investments held at fair value through income statement (FVIS)	7(a)	40,581	33,592
Available-for-sale investment	7(b)	1,923	1,923

		42,504	35,515

Investments held at fair value through income statement (FVIS)

Movement in investments classified as fair value through income statement (FVIS) is as follows:

	31 March 2018 (Unaudited)	31 December 2017 (Audited)
	SR’000	SR’000

Balance at beginning of the period / year	33,592	33,015
Purchases during the period / year	4,217	--
Realized gain during the period / year	277	1,312
Unrealized gain / (loss) during the period / year	2,495	(735)

Balance at end of the period / year	40,581	33,592

The investments held at fair value through income statement of Shareholders’ Operations comprise of portfolio amounting to SR 40.58 million (31 December 2017: SR 33.59 million) which is invested in mutual funds and equity shares in the Kingdom of Saudi Arabia. These investments are denominated in Saudi Arabian Riyal and US Dollars.

All investments held at fair value through income statement are quoted. The portfolio is invested in securities and mutual funds issued by corporates and financial institutions in the Kingdom of Saudi Arabia.

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

The interim condensed financial statements were approved and authorized for issue by the Board of Directors on 24 April 2018 (corresponding to 8 Shaban 1439H).

[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