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Arabian Shield Cooperative Insurance Co. announces its Interim Financial Results for the period ending on 2026-03-31 ( Three Months ) | premargin

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Insurance Revenues	398,396	451,040	-11.671	485,739	-17.981
Result of Insurance Services	-5,608	53,503	-	12,184	-
Net Profit (Loss) of The Insurance Results	-7,822	-2,664	193.618	-7,273	7.548
Net Profit (Loss) of The Investment Results	25,740	19,683	30.772	10,502	145.096
Net Insurance Financing Expenses	-2,504	-2,830	-11.519	-807	210.285
Net Profit (Loss), After Zakat, Attributable To Shareholders	4,898	6,453	-24.097	-10,922	-
Total Comprehensive Income Attributable to Shareholders of the Issuer	3,046	13,977	-78.207	6,415	-52.517
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Shareholders Equity (after Deducting Minority Equity)	1,636,695	1,666,510	-1.789
Profit (Loss) per Share	0.06	0.08
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 declined to SR 398,396 from SR 451,040 in the equivalent quarter of previous year, a decrease of 12% as a result of decline in the company's Life Group Credit.
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 2,704, a decrease of 27% compared with the equivalent quarter of the previous year, was due to the following main reasons : - Insurance Revenues : Decreased by 52,644 SAR compared to the same quarter of the previous year, reflecting a 12% decrease. - Insurance Services Expenses : Increased by 6,467 SAR compared to the same quarter of the previous year, reflecting a 2% increase. - Other Operating Expenses : Increased by 3,929 SAR compared to the same quarter of the previous year, representing a 92% increase. This was offset by: - Net Reinsurance Contract Expenses : Decreased by 53,953 SAR compared to the same quarter of the previous year, representing a 96% decrease. - Net Investment Income : Increased by 6,057 SAR compared to the same quarter of the previous year, representing a 31% increase. - Net Insurance Financing Expenses : Decreased by 326 SAR compared to the same quarter of the previous year, reflecting a 12% decrease. Moreover, Gross Written Premiums (GWP) increased by SAR 501,406 compared with the equivalent quarter of the previous year, an increase of 59%.
The reason of the increase (decrease) in the revenues during the current quarter compared to the previous quarter is	Insurance revenue declined to SR 398,396 from SR 485,739 in previous quarter, a decrease of 18% as a result of decline in the company's credit life sector.
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 14,020, a increase of 206% compared with the previous quarter, was due to the following main reasons : - Net Reinsurance Contract Expenses : Decreased by 17,243 SAR compared to the previous quarter, representing a 89% decrease. - Insurance Services Expenses : Decreased by 69,551 SAR compared to the previous quarter, reflecting a 15% decrease. - Net Investment Income : Increased by 15,238 SAR compared to the previous quarter, representing a 145% increase. - Other Operating Expenses : Decreased by 1,028 SAR compared to the previous quarter, representing a 11% decrease. This was offset by: - Insurance Revenues : Decreased by 87,343 SAR compared to the previous quarter, reflecting a 18% decrease. - Net Insurance Financing Expenses : Increased by 1,697 SAR compared to the previous quarter, reflecting a 210% increase. Moreover, Gross Written Premiums (GWP) increased by SAR 251,267 compared with the previous quarter, an increase of 23%.
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 profits after Zakat and Income Tax for the current quarter reached SAR 4,898 thousand compared to SAR 6,453 thousand for the equivalent quarter last year, a decrease of 24%. The earnings per share (EPS) for the current quarter is SAR 0.06 per share versus SAR 0.08 per share for the equivalent quarter last year. Total Equity at the end of the period is SAR 1,635,354 thousand compared to SAR 1,666,072 thousand for the equivalent period last year, a decrease of 2%. (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.