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MedGulf Insurance (ميدغلف للتأمين)
Main Activities: Insurance Carriers
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Company Information |
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Full name Mediterranean & Gulf Insurance & Reinsurance Co. - MedGulf (شركة المتوسط والخليج للتأمين وإعادة التأمين التعاوني - ميدغلف) Headquarters P.O. Box 2302, Al Mustaqbal Tower, Maathar Street, Riyadh 11451.; Riyadh City; Al Riyadh |
Status: Listed Legal Form: Limited Liability Company Operational Status: Operational Financial Auditors: PricewaterhouseCoopers (2012) Total Employees: 748 Tel: 966 14779229 |
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Company Description |
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MEDGULF started its activities in 1980 in Lebanon and expanded its activities to the Gulf area, specifically the Kingdom of Saudi Arabia and the Kingdom of Bahrain. The Mediterranean & Gulf Insurance & Reinsurance Co. (MEDGULF)was established in Saudi Arabia in 08/04/1427 as a based public shareholding company that operates in the insurance and reinsurance sectors. MEDGULF consolidated its activities through successive acquisitions and mergers to provide a comprehensive range of insurance and |
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Company Analysis |
| According to the Individual - Audited financial statement for the Year of 2010, total net operating revenues increased with 41.79%, from SAR 1,849,482 thousands to SAR 2,622,349 thousands. The results of the period increased 58.61% reaching SAR 232,381 thousands at the end of the period against SAR 146,514 thousands last year. Return on equity (Net income/Total equity) went from 15.83% to 21.76%, the Return On Asset (Net income / Total Asset) went from 4.95% to 5.94% and the Net Profit Margin (Net Income/Net Sales) went from 7.92% to 8.86% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 266.47% compared to 219.93% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 0.20 to 0.30 when compared to the previous year. |
Key Executives |
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Companies with Similar Main Activities |
FULL COMPANY PROFILE
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2012 Y (non-cons) |
2011 Y (non-cons) |
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| Audited | Audited | |
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| Finglobe - MENA Spread Financial Statements | Finglobe - MENA Spread Financial Statements | |
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| Unit | Thousands | Thousands |
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Balance Sheet
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Total Assets |
4,380,244 |
3,922,038 |
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Current Assets |
3,148,063 |
881,288 |
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Total Liabilities |
3,194,089 |
2,748,533 |
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Shareholders Equity |
1,186,155 |
1,173,505 |
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Current Liabilities |
3,148,063 |
2,700,586 |
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| * All the accounts are in SAR. | ||
Income Statement
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Total Operating Revenue |
3,318,027 |
2,811,056 |
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Net Profit (Loss) |
201,326 |
240,116 |
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| * All the accounts are in SAR. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
4.6% |
6.12% |
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Annualised Return on Assets (ROA) |
4.6% |
6.12% |
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Return on Equity (ROE) |
16.97% |
20.46% |
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Annualised Return on Equity (ROE) |
17.16% |
22.47% |
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Return on Sales (ROS) |
6.07% |
8.54% |
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Gross Profit Margin |
100% |
100% |
| Efficiency Ratios | ||
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Accounts Receivable Turnover |
2.56x |
3.20x |
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Current asset turnover |
1.05x |
3.19x |
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Fixed-asset turnover |
2.69x |
0.92x |
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Asset Turnover |
0.76x |
0.72x |
| Valuation figures and ratios | ||
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Enterprise value |
3,194,089 |
2,068,826 |
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Bookvalue (BV) |
1,186,155 |
1,173,505 |
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Net Cash |
-3,194,089 |
-2,068,826 |
| Liquidity Ratios | ||
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Current Ratio |
100% |
32.63% |
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Quick ratio |
100% |
32.63% |
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Doom's day ratio |
0% |
25.17% |
| Leverage Ratios | ||
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Leverage ratio |
369.28% |
334.22% |
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Debt to equity |
269.28% |
234.22% |
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Debt to total assets |
72.92% |
70.08% |
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Long Term Debt to Capital |
3.74% |
3.93% |
| Trend Ratios | ||
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Revenue Trend |
118.03% |
107.2% |
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Net Income Trend |
83.85% |
103.33% |
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