Gulf Insurance Group SJSC
SAU:8250
Income Statement
Income Statement
Gulf Insurance Group SJSC
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Gross Premiums Earned |
658
|
689
|
719
|
764
|
868
|
929
|
1 006
|
1 049
|
1 042
|
1 057
|
1 060
|
1 084
|
1 107
|
1 154
|
1 217
|
1 255
|
1 320
|
1 299
|
1 285
|
1 307
|
1 313
|
1 310
|
1 319
|
1 309
|
1 307
|
1 324
|
1 310
|
1 318
|
1 322
|
1 318
|
1 345
|
1 346
|
1 351
|
1 356
|
1 323
|
1 359
|
1 341
|
1 451
|
1 978
|
1 909
|
1 671
|
|
Revenue |
663
N/A
|
695
+5%
|
725
+4%
|
772
+6%
|
875
+13%
|
937
+7%
|
1 015
+8%
|
1 057
+4%
|
1 051
-1%
|
1 066
+1%
|
1 071
+1%
|
1 098
+2%
|
1 123
+2%
|
1 174
+5%
|
1 241
+6%
|
1 279
+3%
|
1 343
+5%
|
1 319
-2%
|
1 297
-2%
|
1 314
+1%
|
1 313
0%
|
1 310
0%
|
1 319
+1%
|
1 309
-1%
|
1 307
0%
|
1 324
+1%
|
1 310
-1%
|
1 318
+1%
|
1 322
+0%
|
1 318
0%
|
1 345
+2%
|
1 346
+0%
|
1 351
+0%
|
1 356
+0%
|
1 336
-1%
|
1 372
+3%
|
1 339
-2%
|
1 433
+7%
|
1 958
+37%
|
1 886
-4%
|
1 637
-13%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(655)
|
(687)
|
(718)
|
(761)
|
(865)
|
(923)
|
(998)
|
(1 045)
|
(1 021)
|
(1 042)
|
(1 045)
|
(1 065)
|
(1 078)
|
(1 138)
|
(1 202)
|
(1 238)
|
(1 283)
|
(1 266)
|
(1 232)
|
(1 239)
|
(1 236)
|
(1 225)
|
(1 228)
|
(1 214)
|
(1 200)
|
(1 206)
|
(1 189)
|
(1 164)
|
(1 155)
|
(1 143)
|
(1 170)
|
(1 180)
|
(1 184)
|
(1 207)
|
(1 325)
|
(1 372)
|
(1 377)
|
(1 453)
|
(1 854)
|
(1 832)
|
(1 596)
|
|
Selling, General & Administrative |
(80)
|
(84)
|
(88)
|
(90)
|
(99)
|
(104)
|
(107)
|
(108)
|
(100)
|
(100)
|
(101)
|
(102)
|
(107)
|
(116)
|
(119)
|
(127)
|
(133)
|
(141)
|
(151)
|
(164)
|
(163)
|
(174)
|
(176)
|
(167)
|
(157)
|
(164)
|
(165)
|
(162)
|
(153)
|
(165)
|
(164)
|
(166)
|
(154)
|
(172)
|
0
|
(136)
|
(165)
|
0
|
0
|
0
|
0
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(10)
|
0
|
0
|
0
|
(15)
|
0
|
0
|
0
|
(15)
|
0
|
0
|
0
|
(12)
|
0
|
0
|
0
|
0
|
|
Benefits Claims Loss Adjustment |
(540)
|
(566)
|
(591)
|
(627)
|
(715)
|
(754)
|
(815)
|
(853)
|
(827)
|
(846)
|
(843)
|
(856)
|
(861)
|
(907)
|
(955)
|
(976)
|
(994)
|
(979)
|
(950)
|
(954)
|
(968)
|
(954)
|
(958)
|
(955)
|
(941)
|
(945)
|
(925)
|
(897)
|
(879)
|
(867)
|
(887)
|
(890)
|
(885)
|
(902)
|
(1 086)
|
(1 125)
|
(1 358)
|
(1 267)
|
(1 664)
|
(1 717)
|
(1 560)
|
|
Policy Acquisition Expense |
(35)
|
(37)
|
(39)
|
(44)
|
(52)
|
(57)
|
(63)
|
(68)
|
(70)
|
(72)
|
(73)
|
(73)
|
(72)
|
(78)
|
(87)
|
(94)
|
(104)
|
(109)
|
(107)
|
(107)
|
(103)
|
(97)
|
(95)
|
(92)
|
(92)
|
(96)
|
(99)
|
(103)
|
(108)
|
(111)
|
(118)
|
(124)
|
(129)
|
(133)
|
0
|
(106)
|
(150)
|
0
|
0
|
0
|
0
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
(8)
|
(14)
|
(16)
|
(22)
|
(25)
|
(28)
|
(34)
|
(35)
|
(38)
|
(41)
|
(42)
|
(50)
|
(37)
|
(24)
|
(14)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(239)
|
(5)
|
310
|
(186)
|
(190)
|
(115)
|
(36)
|
|
Operating Income |
8
N/A
|
8
N/A
|
6
-24%
|
10
+63%
|
10
-1%
|
14
+44%
|
16
+13%
|
13
-23%
|
29
+133%
|
23
-21%
|
27
+15%
|
33
+24%
|
45
+37%
|
36
-20%
|
39
+9%
|
41
+3%
|
60
+48%
|
53
-11%
|
65
+22%
|
75
+15%
|
76
+2%
|
85
+11%
|
91
+7%
|
95
+4%
|
107
+13%
|
117
+9%
|
121
+4%
|
155
+27%
|
167
+8%
|
176
+5%
|
176
+0%
|
166
-6%
|
168
+1%
|
149
-11%
|
11
-93%
|
0
-100%
|
(37)
N/A
|
(20)
+47%
|
104
N/A
|
53
-49%
|
41
-22%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
7
|
7
|
9
|
8
|
8
|
8
|
8
|
9
|
2
|
8
|
6
|
6
|
1
|
10
|
12
|
12
|
2
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
(1)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
2
|
(1)
|
67
|
16
|
36
|
59
|
90
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
0
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
9
|
6
|
3
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
91
|
93
|
6
|
105
|
14
|
25
|
24
|
|
Pre-Tax Income |
15
N/A
|
16
+5%
|
15
-4%
|
18
+23%
|
18
-1%
|
22
+24%
|
25
+10%
|
22
-11%
|
28
+28%
|
31
+12%
|
33
+4%
|
39
+21%
|
43
+9%
|
46
+7%
|
51
+12%
|
52
+3%
|
60
+15%
|
62
+3%
|
71
+15%
|
78
+9%
|
76
-2%
|
85
+11%
|
91
+7%
|
95
+4%
|
108
+14%
|
117
+8%
|
121
+4%
|
155
+27%
|
167
+8%
|
175
+5%
|
175
0%
|
165
-6%
|
167
+1%
|
148
-11%
|
104
-30%
|
92
-11%
|
33
-64%
|
101
+203%
|
154
+52%
|
137
-11%
|
155
+13%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(5)
|
(11)
|
(16)
|
(22)
|
(23)
|
(23)
|
(27)
|
(28)
|
(30)
|
(30)
|
(26)
|
(28)
|
(26)
|
(34)
|
(37)
|
(18)
|
(35)
|
(25)
|
(24)
|
(27)
|
|
Income from Continuing Operations |
15
|
16
|
15
|
18
|
18
|
22
|
25
|
22
|
28
|
31
|
33
|
39
|
43
|
46
|
51
|
52
|
60
|
62
|
71
|
78
|
76
|
80
|
81
|
79
|
87
|
94
|
98
|
128
|
139
|
146
|
145
|
140
|
139
|
122
|
70
|
55
|
16
|
66
|
130
|
113
|
129
|
|
Net Income (Common) |
15
N/A
|
16
+5%
|
15
-4%
|
18
+23%
|
18
-1%
|
22
+24%
|
25
+10%
|
22
-11%
|
28
+28%
|
31
+12%
|
33
+4%
|
39
+21%
|
43
+9%
|
46
+7%
|
51
+12%
|
52
+3%
|
60
+15%
|
62
+3%
|
71
+15%
|
78
+9%
|
76
-2%
|
80
+5%
|
81
+1%
|
79
-2%
|
87
+10%
|
94
+9%
|
98
+4%
|
128
+30%
|
139
+8%
|
146
+5%
|
145
0%
|
140
-4%
|
139
-1%
|
122
-12%
|
78
-36%
|
63
-19%
|
16
-75%
|
74
+367%
|
130
+75%
|
113
-13%
|
129
+13%
|
|
EPS (Diluted) |
0.39
N/A
|
0.41
+5%
|
0.39
-5%
|
0.48
+23%
|
0.48
N/A
|
0.46
-4%
|
0.52
+13%
|
0.45
-13%
|
0.57
+27%
|
0.63
+11%
|
0.64
+2%
|
0.77
+20%
|
0.85
+10%
|
0.91
+7%
|
1.02
+12%
|
1.05
+3%
|
1.2
+14%
|
1.24
+3%
|
1.42
+15%
|
1.55
+9%
|
1.53
-1%
|
1.6
+5%
|
1.61
+1%
|
1.58
-2%
|
1.73
+9%
|
1.89
+9%
|
1.96
+4%
|
2.56
+31%
|
2.77
+8%
|
2.92
+5%
|
2.9
-1%
|
2.79
-4%
|
2.64
-5%
|
2.44
-8%
|
1.57
-36%
|
1.27
-19%
|
0.3
-76%
|
1.49
+397%
|
2.47
+66%
|
2.16
-13%
|
2.45
+13%
|