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Al Sagr 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	146,131	150,713	-3.04	148,802	-1.795
Result of Insurance Services	9,347	-6,878	-	-1,929	-
Net Profit (Loss) of The Insurance Results	209	-17,982	-	-12,230	-
Net Profit (Loss) of The Investment Results	6,508	5,488	18.586	5,614	15.924
Net Insurance Financing Expenses	23	110	-79.09	-306	-
Net Profit (Loss), After Zakat, Attributable To Shareholders	1,006	-17,923	-	-16,526	-
Total Comprehensive Income Attributable to Shareholders of the Issuer	1,065	-15,271	-	-8,008	-
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)	343,209	385,639	-11.002
Profit (Loss) per Share	0.03	-0.6
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	-40,471	-13.49
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 decreased SR 4.6 million due to decrease in premium earned as compared to same period of last year.
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 after zakat increased by SR 18.9 million mainly due to decrease in insurance service expense by SR 18.1 million and increase in investment income by SR 1 million as compared to same period last year.
The reason of the increase (decrease) in the revenues during the current quarter compared to the previous quarter is	Insurance revenue decreased by SR 2.7 million mainly due to reduction in gross earned premium of motor line of business.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous quarter is	The net profit after zakat increased by SR 17.5 million. The main contributing factors were decrease in insurance service expenses and other operating expenses by SR 14 million and SR 3.4 million respectively and increase in investment income by SR 0.9 million.
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	Basic and diluted earnings / (loss) per share is calculated by dividing net income / (loss) for the period attributable to the shareholders by the weighted average number of outstanding shares during the period. The basic and diluted EPS for the current period is SR 0.3 as compared to SR (0.6) for the similar period of last year. Total comprehensive income for the current period amounted to SR 1,065 thousands compared to SR (15,271) thousands for the similar period last year showing a increase of 107%. Total Shareholders’ Equity (no minority interest) as at the end of current period is SR 343,209 thousands as compared to Shareholders Equity (no minority interest) amounting to SR 385,639 thousands as at the end of the same period last year representing a decrease of 11%. In addition to these, the Gross Written Premium (GWP) for the current period amounted to SR 150,382 thousands compared to SR 147,947 thousands for the same period last year, representing an increase of 1.65%.