LIVA Insurance Co. — Earnings Release 2012

Oct 21, 2012

AL ALAMIYA FOR COOPERATIVE INSURANCE COMPANY ANNOUNCES THE INTERIM FINANCIAL RESULTS FOR THE PERIOD ENDED 30/09/2012 (NINE MONTHS)

8280 · 21/10/2012 17:55:50 · Announcement #27473 · View on Saudi Exchange

AL ALAMIYA FOR COOPERATIVE INSURANCE COMPANY ANNOUNCES THE INTERIM FINANCIAL RESULTS FOR THE PERIOD ENDED 30/09/2012 (NINE MONTHS)

Al Alamiya for Cooperative Insurance Company, announces the interim financial results for the period ended on 30/09/2012, as follows:

1. The Net Profit before Zakat during the third quarter is SR 692 thousand compared to a Net Loss of SR (3,576) thousand for the same quarter in the previous year and compared to a profit of SR 895 thousand for the previous quarter, a decrease of 23%. The Net Loss after Zakat during the third quarter is SR (50) thousand compared to a Net Loss of SR (4,377) thousand for the same quarter in the previous year with a decrease of 99% and compared to a net profit of SR 405 thousand for the previous quarter.

2. The surplus of insurance operations less returns of policy holders investments (the result of operations) during the third quarter is SR 720 thousand compared to a deficit of SR (3,630) thousand for the same quarter in the previous year.

3. The Gross Written Premiums (GWP) for the third quarter is SR 62,979 thousand compared to SR 65,762 thousand for the same quarter in the previous year with a decrease of 4% and Net Written Premiums (NWP) for the third quarter is SR 27,325 thousand compared to SR 28,720 thousand for the same quarter in the previous year with a decrease of 5%.

4. The Net Claims incurred during the third quarter is SR (19,108) thousand compared to SR (16,237) thousand during the same quarter in previous year with an increase of 18%.

5. The Net Profit on investments of policyholders during the third quarter is SR 98 thousand compared to SR 39 thousand during the same quarter in the previous year with an increase of 151%. The Net Profit on investments of shareholders funds during the third quarter is SR 366 thousand compared to SR 260 thousand for the same quarter of the previous year with an increase of 41%.

6. The Net profit before zakat during the nine month period is SR 2,944 thousand compared to a Net loss of SR (13,354) thousand for the same period in the previous year. The Net profit after zakat during the nine month period is SR 1,075 thousand compared to a Net loss of SR (15,755) thousand for the same period in the previous year.

7. The profit per Share for the nine month period is SR 0.15 compared to a loss of SR (0.67) for the same period of the previous year.

(Continuation)

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