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

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Insurance Revenues	6,227,981	5,225,943	19.174	5,768,978	7.956
Result of Insurance Services	-2,594,000	1,104,421	-	258,652	-
Net Profit (Loss) of The Insurance Results	284,175	485,039	-41.411	379,620	-25.142
Net Profit (Loss) of The Investment Results	235,734	173,399	35.948	180,369	30.695
Net Insurance Financing Expenses	-31,028	-41,281	-24.837	-27,571	12.538
Net Profit (Loss), After Zakat, Attributable To Shareholders	321,767	467,417	-31.16	288,081	11.693
Total Comprehensive Income Attributable to Shareholders of the Issuer	318,740	467,291	-31.789	288,081	10.642
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Insurance Revenues	11,996,959	10,347,361	15.942
Result of Insurance Services	-2,351,445	1,817,101	-
Net Profit (Loss) of The Insurance Results	649,033	761,940	-14.818
Net Profit (Loss) of The Investment Results	416,103	368,587	12.891
Net Insurance Financing Expenses	-43,837	-70,358	-37.694
Net Profit (Loss), After Zakat, Attributable To Shareholders	609,848	729,109	-16.357
Total Comprehensive Income Attributable to Shareholders of the Issuer	606,821	729,324	-16.796
Total Shareholders Equity (after Deducting Minority Equity)	5,666,845	4,963,139	14.178
Profit (Loss) per Share	4.076	4.862
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	-	-
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 for the current quarter amounted to SAR 6,227,981K, compared to SAR 5,225,943K in the same quarter of the previous year, a growth of 19.17% as a result of growth in the company's main business sectors. - Gross Written Premiums (GWP) for the current quarter amounted to SAR 7,000,842K, compared to SAR 5,370,916K in same quarter of last year, an increase of 30.35%.
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 result of insurance services (before reinsurance) for the current quarter amounted to SAR (2,594,000)K compared to SAR 1,104,421K in same quarter of last year, a decrease of 334.87%, while the result of insurance services (after reinsurance) for the current quarter amounted to SAR 284,175K compared to SAR 485,039K in same quarter of last year, a decrease of 41.41%, this was primarily attributable to the following: 1. General insurance service expenses increased significantly, mainly due to major Engineering and Energy claims, which were largely offset by reinsurance recoveries. 2. Health insurance service expenses increased, primarily driven by a shift in the seasonality of claims experience between the first and second quarters. 3. Motor insurance service expenses increased due to the increased loss ratio of the non-retail portfolio. - Net investment income increased by 35.95% reaching SAR 235,734K, compared to SAR 173,399K in the same quarter of the previous year. - Net insurance and reinsurance finance expense for the current quarter amounted to SR (31,028)K compared to SR (41,281)K in same quarter of last year, representing a decrease of 24.84%. This was mainly attributable to changes in the discounting impact on insurance contract liabilities. - Other operating expenses decreased by 2.69% to reach SAR (193,253)K compared to SAR (198,594)K for same quarter of the previous year, while finance charges increased to SAR (10,304)K compared to SAR (2,118)K for same quarter of the previous year. -Other income reached SAR 8,627K compared to SAR 105K for same quarter of the previous year. - As a result of the above, the Company recorded net income before Zakat of SAR 357,300K during the current quarter compared to SAR 499,989K in same quarter of last year, a decrease of 28.53%. - Consequently, the Company reported Net Profit, after Zakat, attributable to shareholders of SAR 321,767K during the current quarter compared to SAR 467,417K in same quarter of last year, a decrease of 31.16%, The net profit attributable to non-controlling interests amounted to SAR 921K, compared to nil in the same quarter of the previous year.
The reason of the increase (decrease) in the revenues during the current quarter compared to the previous quarter is	'- Insurance revenue for the current quarter grew by SAR 6,227,981K compared to SAR 5,768,978K in the previous quarter, an increase of 7.95% due to broad-based growth in main business lines. - Gross Written Premiums (GWP) during the current quarter amounted to SAR 7,000,842K compared to SAR 7,526,053K in the previous quarter, an decrease of 6.98%.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous quarter is	'- The result of insurance services (before reinsurance) for the current quarter amounted to SAR (2,594,000)K compared to SAR 258,652K in previous quarter, while the result of insurance services (after reinsurance) for the current quarter amounted to SAR 284,175K compared to SAR 379,620K in previous quarter, a decrease of 25.14%, which is primarily attributable to: 1. Several claims in General line of business which were largely offset by the reinsurance recoveries. 2. Shift of seasonality in Health line of business. 3. Increased loss ratio of the non-retail portfolio in Motor line of business. - Net investment income increased by 30.70% reaching SAR 235,734K, compared to SAR 180,369K in the previous quarter. - Net insurance and reinsurance finance expense for the current quarter amounted to SR (31,028)K compared to SR (27,571)K in the previous quarter, representing an increase of 12.54%. - As a result of the above, the Company recorded net income before Zakat of SAR 357,300K during the current quarter compared to SAR 322,477K in previous quarter, an increase of 10.80%. - Consequently, the Company reported Net Profit, after Zakat, attributable to shareholders of SAR 321,767K during the current quarter compared to SAR 288,081K in previous quarter, an increase of 11.69%, The net profit attributable to non-controlling interests amounted to SAR 921K, compared to SAR 519K in the 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	'- Insurance revenue during the current period reached SAR 11,996,959K, compared to SAR 10,347,361K in the same period of last year, an increase of 15.94% driven by the growth in the company's main business sectors. - Gross Written Premium (GWP) during the current period amounted to SAR 14,526,895K, compared to SAR 11,956,467K compared to the same period of the previous year, an increase of 21.49%.
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 result of insurance services (before reinsurance) for the current period amounted to SAR (2,351,445)K compared to SAR 1,817,101K in same period of last year, a decrease of 229.41%, while the result of insurance services (after reinsurance) for the current period amounted to SAR 649,033K compared to SAR 761,940K in same period of last year, a decrease of 14.82%, This was primarily attributable to the following: 1. General insurance service expenses remained elevated in the second quarter due to witnessed Engineering and Energy large claims, which were largely offset by reinsurance recoveries. 2. Health insurance service expenses increased, driven by higher claims cost which resulted in flat growth in Net profits of insurance results compared to the same period of last year. 3. Motor insurance service expenses increased due to the increased loss ratio of the non-retail portfolio, while the retail segment showed an improved loss ratio driven by the repricing activities. - Net investment income increased by 12.89% reaching SAR 416,103K, compared to SAR 368,587K in the same period of the last year. In addition, the investment portfolio grew by 11.06% to SAR 13,503,681K, compared to SAR 12,158,549K in the same period of the last year. - Net insurance and reinsurance finance expense for the current period amounted to SR (43,837)K compared to SR (70,358)K in same period of last year, representing a decrease of 37.69%. This was mainly attributable to changes in the discounting impact on insurance contract liabilities. - Other operating expenses increased by 21.64% to reach SAR (418,277)K compared to SAR (343,854)K for same period of last year, while finance charges increased to SAR (23,223)K compared to SAR (4,074)K for same period of last year. -Other income reached SAR 21,523K compared to SAR 174K for same period of the previous year. - As a result of the above, the Company recorded net income before Zakat of SAR 679,777K during the current period compared to SAR 794,347K in same period of last year, a decrease of 14.42%. - Consequently, the Company reported Net Profit, after Zakat, attributable to shareholders of SAR 609,848K during the current period compared to SAR 729,109K in same period of last year, a decrease of 16.16%, The net profit attributable to non-controlling interests amounted to SAR 1,440K, compared to nil in the same quarter of the 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)	None
Reclassification of Comparison Items	None
Additional Information	'Earnings per Share (EPS) Basic earnings per share for the first half of 2026 amounted to SAR 4.076 compared to SAR 4.862 for the first half of 2025. This was calculated by dividing the Net profit, after Zakat, attributable to shareholders of SAR 609,848K by the Adjusted weighted average number of ordinary shares outstanding of 149,602,114 shares, compared to net income of SAR 729,109 K divided by 149,963,596 shares for the same period of last year. Diluted earnings per share for the first half of 2026 amounted to SAR 4.068 compared to SAR 4.861 for the first half of 2025. The weighted average number of ordinary shares (diluted) was 149,902,222 shares for the current period, compared to 150,000,000 shares for the same period of last year. Total shareholders’ equity (including non-controlling interest) as at the end of the current period amounted to SAR 5,668,285K, compared to SAR 4,963,139K at the end of the same period last year, representing an increase of 14.21%.