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Oman United Insurance CoOG (MUS:OUIC) Retained Earnings : ر.ع2.96 Mil (As of Mar. 2023)


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What is Oman United Insurance CoOG Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Oman United Insurance CoOG's retained earnings for the quarter that ended in Mar. 2023 was ر.ع2.96 Mil.

Oman United Insurance CoOG's quarterly retained earnings increased from Jun. 2022 (ر.ع3.75 Mil) to Sep. 2022 (ر.ع4.27 Mil) but then declined from Sep. 2022 (ر.ع4.27 Mil) to Mar. 2023 (ر.ع2.96 Mil).

Oman United Insurance CoOG's annual retained earnings increased from Dec. 2019 (ر.ع4.65 Mil) to Dec. 2020 (ر.ع5.90 Mil) and increased from Dec. 2020 (ر.ع5.90 Mil) to Dec. 2021 (ر.ع6.36 Mil).


Oman United Insurance CoOG Retained Earnings Historical Data

The historical data trend for Oman United Insurance CoOG's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Oman United Insurance CoOG Retained Earnings Chart

Oman United Insurance CoOG Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec19 Dec20 Dec21
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.76 4.11 4.65 5.90 6.36

Oman United Insurance CoOG Quarterly Data
Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Dec19 Mar20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Mar23
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.36 3.96 3.75 4.27 2.96

Oman United Insurance CoOG Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.


Oman United Insurance CoOG  (MUS:OUIC) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


Oman United Insurance CoOG (MUS:OUIC) Business Description

Traded in Other Exchanges
N/A
Address
Al Khuwair Street, P.O.Box 1522, Ruwi, Muscat, OMN, 112
Oman United Insurance Co SAOG is an insurance company. It is engaged in the underwriting of general and life and medical insurance business and in the repair and maintenance of motor vehicles. It operates in two segments General insurance and Life insurance. General insurance business includes insurance and re-insurance of motor, fire, general accident, marine cargo, hull, workmen compensation, engineering, and aviation. Life insurance relates to the insuring of the life of an individual, group life and group medical. It operates within the Sultanate of Oman with the highest revenue generated from General insurance segment.

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