Arabian Shield Cooperative Insurance Co. announces its Interim Financial Results for the period ending on 2025-09-30 ( Nine Months ) | premargin

ARABIAN SHIELD

Arabian Shield Cooperative Insurance Co. announces its Interim Financial Results for the period ending on 2025-09-30 ( Nine Months )

ARABIAN SHIELDTadawulNovember 4, 2025View on exchange

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Insurance Revenues	484,122	400,433	20.899	460,991	5.017
Result of Insurance Services	-14,015	33,651	-	-83,918	-83.299
Net Profit (Loss) of The Insurance Results	-23,434	15,308	-	-33,912	-30.897
Net Profit (Loss) of The Investment Results	22,271	20,821	6.964	15,381	44.795
Net Insurance Financing Expenses	-1,188	-2,068	-42.553	-1,580	-24.81
Net Profit (Loss), After Zakat, Attributable To Shareholders	-9,371	16,347	-	-29,913	-68.672
Total Comprehensive Income	-9,053	17,072	-	-31,126	-70.914
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Insurance Revenues	1,396,153	1,172,441	19.08
Result of Insurance Services	-44,430	158,200	-
Net Profit (Loss) of The Insurance Results	-60,010	45,762	-
Net Profit (Loss) of The Investment Results	57,335	70,166	-18.286
Net Insurance Financing Expenses	-5,598	-5,220	7.241
Net Profit (Loss), After Zakat, Attributable To Shareholders	-32,831	69,210	-
Total Comprehensive Income	-26,202	68,192	-
Total Shareholders Equity (after Deducting Minority Equity)	1,625,893	1,612,429	0.835
Profit (Loss) per Share	-0.41	0.87
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Amount	Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value	-	-
Accumulated Losses	-	-
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the revenues during the current quarter compared to the same quarter of last year is	Insurance revenue reached SR 484,122 compared to SR 400,433 with the equivalent quarter of previous year, an increase of 21% as a result of growth in the company's main sectors.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	The decrease in profits before zakat and income tax for the current quarter of SR 29,623, a decrease of 131% compared with the equivalent quarter of the previous year, was due to the following main reasons: - Insurance Revenues: Increased by 83,689 SAR compared to the same quarter of the previous year, reflecting a 21% increase. - Net Reinsurance Contract Expenses: Decreased by 12,116 SAR compared to the same quarter of the previous year, representing a 56% decrease. - Insurance Services Expenses: Increased by 131,355 SAR compared to the same quarter of the previous year, reflecting a 36% increase. - Net Investment Income: Increased by 1,450 SAR compared to the same quarter of the previous year, representing a 7% increase. - Net Insurance Financing Expenses: Decreased by 880 SAR compared to the same quarter of the previous year, reflecting a 43% decrease. - Other Operating Expenses: Decreased by 6,789 SAR compared to the same quarter of the previous year, representing a 60% decrease. Moreover, Gross Written Premiums (GWP) increased by SAR 152,708 compared with the equivalent quarter of the previous year, an increase of 37%.
The reason of the increase (decrease) in the revenues during the current quarter compared to the previous quarter is	Insurance revenue during the current quarter increased by SR 23,131 compared to the previous quarter, an increase of 5%. driven by the growth witnessed in all lines of business.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous quarter is	The increase in profits before zakat and income tax for the current quarter of SR 20,422, an increase of 75%. compared with the previous quarter was due to the following main reasons: - Increase in insurance service results to (14,015) SAR compared to (83,918) SAR in the previous quarter. This improvement is a result of an increase in insurance revenue of 23,131 SAR compared to the previous quarter, reflecting a 5% increase while Insurance services expenses decreased by 46,772 SAR compared to the previous quarter, a 9% decrease. However, this was offset by an increase in net reinsurance contract expenses of 55,777 SAR compared to the previous quarter, reflecting a 120% increase. - Net Investment Income: Increased by 6,890 SAR compared to the previous quarter, representing a 45% increase. - Net Insurance Financing Expenses: Decreased by 392 SAR compared to the previous quarter, reflecting a 25% decrease. - Other Operating Expenses: Decreased by 2,662 SAR compared to the previous quarter, reflecting a 37% decline. Moreover, Gross Written Premiums (GWP) increased by SAR 137,191 compared with the previous quarter of the current year, an increase of 32%.
The reason of the increase (decrease) in the revenues during the current period compared to the same period of the last year is	Insurance revenue during the current period increased by SR 223,712 compared to the same period last year, an increase of 19%. a mixed result of the company's performance in its sectors.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is	The profits before zakat and income tax for the current period decreased by 111,315, a decrease of 128% compared with the equivalent period of the previous year, were due to the following main reasons: - Insurance Revenues: Increased by 223,712 SAR compared to the same period of the previous year, reflecting a 19% increase. - Net Reinsurance Contract Expenses: Decreased by 100,786 SAR compared to the same period of the previous year, representing a 84% decrease. - Insurance Services Expenses: Increased by 426,342 SAR compared to the same period of the previous year, reflecting a 42% increase. - Net Investment Income: Decreased by 12,831 SAR compared to the same period of the previous year, representing an 18% decrease. - Net Insurance Financing Expenses: Increased by 378 SAR compared to the same period of the previous year, reflecting a 7% increase. - Other Operating Expenses: Decreased by 7,666 SAR compared to the same period of the previous year, representing a 32% decrease. Moreover, Gross Written Premiums (GWP) increased by SAR 501,552 compared with the equivalent period of the previous year, an increase of 38%.
Statement of the type of external auditor's report	Unmodified conclusion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion)	None
Reclassification of Comparison Items	The Company has reclassified and restated comparative information for the previous year.
Additional Information	The Financial Statements have been prepared in accordance with International Accounting Standard 34 endorsed in the Kingdom of Saudi Arabia and other standards and pronouncements issued by the Saudi Organization for Chartered and Professional Accountants (“SOCPA”), consistent with the Company’s accounting policies. Comparatives have been restated. The profits after Zakat and Income Tax for the current quarter reached SAR (9,371) thousand compared to SAR 16,347 thousand for the equivalent quarter last year, a decrease of 157%. The earnings per share (EPS) for the current quarter is SAR (0.12) per share versus SAR 0.2 per share for the equivalent quarter last year. Total Equity at the end of the period is SAR 1,625,893 thousand compared to SAR 1,612,429 thousand for the equivalent period last year, an increase of 1%. (No minority interest). The authorized, issued and fully paid share capital of the Company is SAR 798,152,950 consisting of 79,815,295 shares each with a nominal value of 10 Saudi Riyals.