Yemen General Insurance Co.
Figs in Yr. ‘000
|
|
2018 |
2017 |
2016 |
|
Assets: |
|
|
|
|
Liquid & current assets |
4,162,422 |
3,785,173 |
3,397,966 |
|
Net premium receivables |
884,385 |
460,648 |
443,433 |
|
Long term non liquid assets |
123,889 |
130,097 |
136,124 |
|
Total assets |
5,170,696 |
4,375,918 |
3,977,523 |
|
Liabilities: |
|
|
|
|
Technical reserves: |
|
|
|
|
- Loss reserves |
317,660 |
215,430 |
164,933 |
|
- IBNR |
427,500 |
427,500 |
427,500 |
|
- Unearned premium reserve |
452,787 |
307,381 |
241,813 |
|
Accounts payable |
306,504 |
297,702 |
302,549 |
|
Other short term liabilities |
1,220,416 |
1,041,604 |
1,001,079 |
|
Total liabilities |
2,724,867 |
2,289,617 |
2,137,874 |
|
Shareholders equity: |
|
|
|
|
Capital |
1,000,000 |
1,000,000 |
1,000,000 |
|
Statutory reserve |
394,487 |
333,534 |
283,869 |
|
General reserve |
1,051,342 |
752,767 |
555,780 |
|
Total Shareholders equity |
2,445,829 |
2,086,301 |
1,839,649 |
|
Total liabilities & Shareholders equity |
5,170,696 |
4,375,918 |
3,977,523 |
| #Authorized Paid up capital increased to YR 1 Billion as at 6/04/2010 self financed from internal resources. |
Other Key Figures:
|
2018 |
2017 |
2016 |
|||||
|
Written premiums |
1,943,767 |
1,625,452 |
1,367,782 |
||||
|
Reinsurance premiums |
712,368 |
745,386 |
702,258 |
||||
|
Net earned premiums |
1,054,357 |
787,484 |
644,014 |
||||
|
Net incurred claims |
402,419 |
314,139 |
232,046 |
||||
|
Underwriting profit |
323,209 |
273,511 |
243,085 |
||||
|
Investment income |
452,996 |
426,736 |
392,641 |
||||
|
Pre-tax profits |
780,857 |
623,315 |
565,517 |
||||
|
Net profits |
609,528 |
496,652 |
452,413 |
||||
|
Dividend/share |
250 |
250 |
250 |
||||
|
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