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Allied Cooperative Insurance Group 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	316,590	187,788	68.589	339,010	-6.613
Result of Insurance Services	-17,673	25,613	-	11,232	-
Net Profit (Loss) of The Insurance Results	-16,615	18,520	-	3,776	-
Net Profit (Loss) of The Investment Results	8,653	5,065	70.839	-38	-
Net Insurance Financing Expenses	200	-1,157	-	299	-33.11
Net Profit (Loss), After Zakat, Attributable To Shareholders	-17,672	13,946	-	1,303	-
Total Comprehensive Income Attributable to Shareholders of the Issuer	-17,672	16,455	-	9,032	-
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)	204,528	269,438	-24.09
Profit (Loss) per Share	-0.61	0.48
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	151,241	51.97
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 the increase in sales of motor and medical insurance policies.
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 net loss during the current quarter compared to the net profit in the same quarter of the previous year is due to realizing a net loss from insurance results during the current quarter versus net profits from insurance services results 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	The reason for the decrease in revenues during the current quarter compared to the previous quarter is due to a decrease in sales of medical insurance policies.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous quarter is	The reason for the net loss during the current quarter compared to the net profit in the previous quarter is due to the realization of a net loss from insurance results during the current quarter versus net profits from insurance services results in the previous quarter.
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. 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 17.67 million for the three-months period ended 31 March 2026 (net comprehensive income of SAR 16.46 million for three-months period ended 31 March 2025). As of 31 March 2026, the Company did not meet the prudential solvency margin requirement and the Company’s accumulated losses stands at SAR 151.24 million (31 December 2025: SAR 133.57 million), representing 51.97% 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 opinion is not modified with respect to this matter. Based on the information that has been made available to us and as disclosed in Note 2 (c) of the accompanying interim condensed financial statements, the Company is not in compliance with solvency margin requirements as per Article 68 of the Implementation Regulations for Insurance Companies. Furthermore, as disclosed in Note 11 to the accompanying financial statements, the Company does not meet the minimum capital requirement stipulated under Article 3(5) of the Cooperative Insurance Companies Control Law.
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	(Loss) Earnings per share has been calculated based on profit after zakat and tax. As a result of achieving profits during the year.