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The Company for Cooperative Insurance 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	5,768,978	5,121,418	12.644	5,650,450	2.097
Result of Insurance Services	258,652	737,743	-64.94	577,123	-55.182
Net Profit (Loss) of The Insurance Results	379,620	290,161	30.83	-618	-
Net Profit (Loss) of The Investment Results	180,369	195,188	-7.592	209,803	-14.029
Net Insurance Financing Expenses	-27,571	-42,337	-34.877	30,121	-
Net Profit (Loss), After Zakat, Attributable To Shareholders	288,081	261,692	10.083	200,747	43.504
Total Comprehensive Income Attributable to Shareholders of the Issuer	288,081	262,033	9.94	214,266	34.45
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)	5,645,744	4,742,480	19.046
Profit (Loss) per Share	1.93	1.76
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	'Increased revenue for the current quarter amounted to 5,768,978 K Saudi Riyals, compared to 5,121,418 K Saudi Riyals in the same quarter of the previous year, with a growth of 12.64% in revenues as a result of growth in the company's main sectors.
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 company achieved a net income before Zakat of 322,477 K Saudi Riyals during the current quarter compared to 294,358 K Saudi Riyals in similar quarter of last year, an increase of 9.55%. '- The company achieved a net income after Zakat of 288,600 K Saudi Riyals during the current quarter compared to 261,692 K Saudi Riyals in similar quarter of last year, an increase of 10.28%,This includes non-controlling interests amounting to 519 K Saudi Riyals, compared to nil in the same quarter of the previous year, which was due to the following main reasons: '- The result of insurance services for the current quarter amounted to 258,652 K Saudi Riyals compared to 737,743 K Saudi Riyals in similar quarter of last year, a decrease of 64.94%, This was mainly due to an increase in incurred claims and insurance service expenses of Motor, General, and Life despite growth in insurance revenue. ' - Growth in net profits of insurance results for the current quarter amounted to 379,620 K Saudi Riyals compared to 290,161 K Saudi Riyals in similar quarter of last year, an increase of 30.83%, primarily due to higher recoveries from reinsurers and retrocessionaires for incurred claims. '- The Company’s investment portfolio recorded strong growth, increasing by 11.03% to SAR 13,083,374 K, compared to SAR 11,783,358 K in the same quarter of the previous year, despite this growth, net investment income decreased by 7.59% to SAR 180,369 K, compared to SAR 195,188 K in the same quarter of the previous year. This decline was primarily driven by a decrease in U.S. dollar-denominated risk-free rates, which led to lower yields on term deposits. '- Net insurance finance expenses for the current quarter amounted to SR 27,571 K compared to SR 42,337 K in similar quarter of last year, representing a decrease of 34.88%, mainly due to changes in the discounting impact on insurance contract liabilities. '- Total comprehensive income for the current quarter amounted to SAR 288,081 K compared to SAR 262,033 K in the same quarter of the previous year, representing an increase of 9.94%. '- The total gross written premiums for the current quarter amounted to 7,526,053 K Saudi Riyals, compared to 6,551,690 K Saudi Riyals in similar quarter of last year, an increase of 14.87%.
The reason of the increase (decrease) in the revenues during the current quarter compared to the previous quarter is	'Insurance and reinsurance revenues during current quarter increased by SAR 118,528 K compared to the previous quarter, an increase of 2.10% due to seasonality of the business.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous quarter is	'The company achieved a net income before zakat of SAR 322,477 K during the current quarter compared to SAR 220,379 K in previous quarter, an increase of 46.42%. While the net income after Zakat Attributable to the Issuer’s Shareholder amounted to SAR 288,081 K during the current quarter compared to SAR 200,747 K in previous quarter, an increase of 43.50%, which was due to continued strong business performance.
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 current quarter amounted to SAR1.93 compared to SAR 1.76 in similar quarter of last year. This was calculated by dividing the net income Attributable to the Issuer’s Shareholders after Zakat of SAR 288,081 K by the adjusted weighted average number of ordinary shares outstanding of 149,541,986 shares, compared to net income of SAR 261,692 K divided by 149,876,882 shares in similar quarter of last year. Diluted earnings per share for the current quarter amounted to SAR1.92 compared to SAR 1.74 in similar quarter of last year. The weighted average number of ordinary shares (diluted) was 149,947,415 shares for the current quarter, compared to 150,000,000 shares in similar quarter of last year. Total shareholders’ equity (including non-controlling interest) as at the end of the current quarter amounted to SAR 5,646,263 K, compared to SAR 4,742,480 K at the end of the similar quarter of last year, representing an increase of 19.05%.