Allied Cooperative Insurance Group announces its Interim Financial Results for the period ending on 2026-06-30 ( Six Months )

Allied Cooperative Insurance Group (ACIG) reported a net loss of SAR 4.16 million for the first half of 2026, a reversal from the SAR 15.12 million profit in the same period last year, primarily due to losses in insurance service results during the period.
Total insurance revenues for the six-month period grew 59.9% year-on-year to SAR 655.97 million, driven by increased sales of motor and health insurance policies; meanwhile, the second quarter alone showed a sharp recovery with a net profit of SAR 13.52 million, up 910.8% from Q2 2025.
The company’s accumulated losses reached SAR 137.73 million as of June 30, 2026, representing 47.33% of its share capital and triggering Saudi Capital Market procedures for companies with losses exceeding 20% of capital.
External auditors included a "Material Uncertainty Related to Going Concern" notice, highlighting that the company did not meet the minimum capital or prudential solvency margin requirements stipulated under applicable laws.

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Insurance Revenues	339,383	222,439	52.573	316,590	7.199
Result of Insurance Services	7,000	5,842	19.821	-17,673	-
Net Profit (Loss) of The Insurance Results	11,646	10,041	15.984	-16,615	-
Net Profit (Loss) of The Investment Results	8,904	583	1,427.272	8,653	2.9
Net Insurance Financing Expenses	18	-377	-	200	-91
Net Profit (Loss), After Zakat, Attributable To Shareholders	13,515	1,337	910.845	-17,672	-
Total Comprehensive Income Attributable to Shareholders of the Issuer	13,515	1,337	910.845	-17,672	-
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Insurance Revenues	655,973	410,227	59.904
Result of Insurance Services	-10,673	31,455	-
Net Profit (Loss) of The Insurance Results	-4,969	28,561	-
Net Profit (Loss) of The Investment Results	17,557	5,648	210.853
Net Insurance Financing Expenses	219	-1,534	-
Net Profit (Loss), After Zakat, Attributable To Shareholders	-4,157	15,115	-
Total Comprehensive Income Attributable to Shareholders of the Issuer	-4,157	17,624	-
Total Shareholders Equity (after Deducting Minority Equity)	218,043	270,775	-19.474
Profit (Loss) per Share	-0.14	0.52
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	137,726	47.33
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	The reason for the increase in revenues during the current quarter compared to the same quarter of the previous year is due to increase in medical insurance and motor insurance revenues.
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 reason for the increase in net profit during the current quarter compared to the same quarter of the previous year is due to increase in net insurance results profits and the increase in net investment income.
The reason of the increase (decrease) in the revenues during the current quarter compared to the previous quarter is	The reason for the increase in revenues during the current quarter compared to the previous quarter is due to increase in medical insurance and motor insurance revenues.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous quarter is	The reason for net profit during the current quarterThe reason for net profit during the current quarter compared to net loss during the previous quarter is due to profits in insurance services results this quarter compared to losses in insurance services results Previous quarter
The reason of the increase (decrease) in the revenues during the current period compared to the same period of the last year is	The reason for the increase in revenues during the current period compared to the same period of the previous year is due to increase in sales of motor insurance and health insurance policies.
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 reason for the increase in net profit during the The reason for the net loss during the current period compared to the net profit in the similar period previous year is due to losses in insurance service results during the current period versus profits in insurance service results in the similar period previous year.
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)	Based on our review, nothing has come to our attention that causes us to believe that the accompanying interim condensed financial statements are not prepared, in all material respects, in accordance with IAS 34, that is endorsed in the Kingdom of Saudi Arabia. MATERIAL UNCERTAINTY RELATED TO GOING CONCERN We draw attention to Note 2 (c) to the interim condensed financial statements of the Company. The Company has posted a net comprehensive loss of SAR 4.16 million for the six-months period ended 30 June 2026 (net comprehensive income of SAR 17.62 million for six-months period ended 30 June 2025). As of 30 June 2026, the Company did not meet the prudential solvency margin requirement and the minimum capital requirement stipulated under the applicable laws. At the reporting date, the Company’s accumulated losses stand at SAR 137.73 million (31 December 2025: SAR 133.57 million), representing 47.33% of the share capital (31 December 2025: 45.90%). These events and conditions indicate that a material uncertainty exists that may cast significant doubt on the Company’s ability to continue as a going concern. However, the accompanying interim condensed financial statements are prepared using the going-concern assumption based on management’s assessment of the Company’s abilities to continue as a going concern as detailed in the above referred note. Our conclusion is not modified with respect to this matter.
Reclassification of Comparison Items	Certain reclassifications were made in comparative numbers to conform to the current period. This reclassification had no effect on the reported results of operations.
Additional Information	Earnings per share has been calculated based on profit after zakat and tax. As a result of achieving profits during the year . Procedures and Instructions Applicable on Companies Listed in Saudi Capital Market Whose Accumulated Losses Reach 20% or more out of the Capital Thereof will be applied