AMAT
| The Management of Al Madina Insurance Company SAOG is pleased to announce the preliminary unaudited financial results of the company for the year ended 31st March 2015. |
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| Following are the highlights of the results (in OMR): |
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|
|
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| Item |
Shareholders |
General Takaful |
Family Takaful |
Consolidated |
| 31-Mar-15 |
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| Gross Contributions |
- |
5,878,902 |
678,507 |
6,557,409 |
| Net Retained Contributions |
- |
3,713,293 |
174,601 |
3,887,894 |
| Net Earned Contributions |
- |
3,186,212 |
170,604 |
3,356,816 |
| Net Claims Incurred |
- |
(2,263,263) |
61,378 |
(2,201,885) |
| Surplus from Takaful Operations before Wakala Fees |
- |
807,025 |
200,886 |
1,007,911 |
| Investment Income |
396,753 |
24,094 |
243 |
421,090 |
| Wakala Fees |
1,311,482 |
(1,175,780) |
(135,702) |
- |
| Mudharib Fee |
17,036 |
(16,866) |
(170) |
- |
| Net profit before tax |
723,919 |
(361,528) |
62,257 |
424,648 |
| Provision for tax |
(68,750) |
- |
- |
(68,750) |
| Net Profit and Surplus for the year ( afterTax) |
655,169 |
(361,528) |
65,257 |
358,898 |
| Following are the highlights of the results (in OMR): |
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|
|
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| Item |
Shareholders |
General Takaful |
Family Takaful |
Consolidated |
| 31-Mar-14 |
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| Gross Contributions |
- |
4,865,665 |
458,396 |
5,324,061 |
| Net Retained Contributions |
- |
2,541,986 |
145,648 |
2,687,634 |
| Net Earned Contributions |
- |
2,412,683 |
89,708 |
2,502,391 |
| Net Claims Incurred |
- |
(1,177,234) |
(24,484) |
(1,201,718) |
| Surplus from Takaful Operations before Wakala Fees |
- |
1,114,904 |
39,746 |
1,154,650 |
| Investment Income |
314,044 |
20,503 |
103 |
334,650 |
| Wakala Fees |
1,064,812 |
(973,133) |
(91,679) |
- |
| Mudharib Fee |
15,455 |
(15,378) |
(77) |
- |
| Net profit before tax |
579,129 |
146,896 |
(51,907) |
674,118 |
| Provision for tax |
- |
- |
- |
- |
| Net Profit and Surplus for the year ( afterTax) |
579,129 |
146,896 |
(51,907) |
674,118 |
