Saudi Arabian Cooperative Insurance Co. announces its Interim Financial Results for the period ended on 2025-06-30 (Six Months) | premargin

Saudi Arabian Cooperative Insurance Co. announces its Interim Financial Results for the period ended on 2025-06-30 (Six Months)

TadawulAugust 4, 2025View on exchange

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Insurance Revenues	292,239	259,109	12.786	263,453	10.926
Result of Insurance Services	4,739	43,262	-89.045	134,191	-96.468
Net Profit (Loss) of The Insurance Results	12,955	23,499	-44.869	13,714	-5.534
Net Profit (Loss) of The Investment Results	5,734	7,618	-24.73	6,492	-11.675
Net Insurance Financing Expenses	-2,164	-4,666	-53.621	-3,400	-36.352
Net Profit (Loss), After Zakat, Attributable To Shareholders	13,412	21,842	-38.595	14,248	-5.867
Total Comprehensive Income	13,412	21,842	-38.595	16,756	-19.957
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Insurance Revenues	555,692	536,141	3.646
Result of Insurance Services	138,930	116,832	18.914
Net Profit (Loss) of The Insurance Results	26,669	29,080	-8.29
Net Profit (Loss) of The Investment Results	12,226	14,505	-15.711
Net Insurance Financing Expenses	-5,564	-8,070	-31.053
Net Profit (Loss), After Zakat, Attributable To Shareholders	27,660	25,050	10.419
Total Comprehensive Income	30,168	25,050	20.431
Total Shareholders Equity (after Deducting Minority Equity)	412,000	338,652	21.658
Profit (Loss) per Share	0.92	0.84
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 during the current quarter amounted to 292,239 thousand Saudi Riyals, compared to 259,109 thousand Saudi Riyals for same quarter of the previous year, with increase of 13%, the reason of the increase in revenues during this current quarter is mainly due to the growth in Motor, Protection and Property & Casualty business.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	- Net profit before zakat attributable to the shareholders for the current quarter amounted to 14,975 thousand Saudi Riyals compared to 23,886 thousand Saudi Riyals during the same quarter of the previous year, which was due to the following main reasons: Net insurance service result for the current quarter amounted to 12,955 thousand Saudi Riyals, compared to 23,499 thousand Saudi Riyals during the same quarter of the previous year, a decrease of 45%. This was partially offset by the decrease in other operating expenses by 1,485 thousand Saudi Riyals during the current quarter compared to the same quarter of the previous year, a decrease of 40%. - Total comprehensive income for the current quarter amounted to 13,412 thousand Saudi Riyals, compared to 21,842 thousand Saudi Riyals during 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 during the current quarter amounted to 292,239 thousand Saudi Riyals, compared to 263,453 thousand Saudi Riyals in the previous quarter, with an increase of 11%, the reason of the increase in revenues during the current quarter is mainly due to the growth in Motor, Property & Casualty and Protection business.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous quarter is	- Net profit before zakat attributable to the shareholders for the current quarter amounted to 14,975 thousand Saudi Riyals compared to 15,812 thousand Saudi Riyals during the previous quarter, which was due to the following main reasons: Net insurance service result for the current quarter amounted to 12,955 thousand Saudi Riyals, compared to 13,714 thousand Saudi Riyals during the previous quarter, a decrease of 6%. This was partially offset by the decrease in other operating expenses by 204 thousand Saudi Riyals during the current quarter compared to the previous quarter, a decrease of 8%. - Total comprehensive income for the current quarter amounted to 13,412 thousand Saudi Riyals, compared to 16,756 thousand Saudi Riyals during 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 amounted to 555,692 thousand Saudi Riyals, compared to 536,141 thousand Saudi Riyals same period of the previous year, with an increase of 4%, the reason of the increase in revenues during this current period is mainly due to the growth in Motor, Property & Casualty and Protection business.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is	- Net profit before zakat attributable to the shareholders for the current period amounted to 30,787 thousand Saudi Riyals compared to 29,138 thousand Saudi Riyals during the same period of the previous year, which was mainly due to the following reasons: Other operating expenses decreased by 3,788 thousand Saudi Riyals during the current period compared with the same period of the previous year, a decrease of 45%. This was partially offset by the decrease in net insurance service result by 2,411 thousand Saudi Riyals during the current period compared to the same period of the previous year, a decrease of 8%. - Total comprehensive income for the current period amounted to 30,168 thousand Saudi Riyals, compared to 25,050 thousand Saudi Riyals during the same period 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	- The Earnings per Share for the current quarter is SAR 0.45 compared to SAR 0.73 for the same quarter previous year. Which was calculated based on weighted average number of shares which are 30,000 thousand shares. - Total Shareholders’ Equity (no minority interest) as at end of current quarter is 412,000 thousand Saudi Riyals, compared to 338,652 thousand Saudi Riyals for the same quarter previous year, an increase of 22%.