premargin

Sign In Sign Upعربي

Saudi Arabian 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	348,863	263,453	32.419	308,367	13.132
Result of Insurance Services	127,258	134,191	-5.166	-106,955	-
Net Profit (Loss) of The Insurance Results	9,208	13,714	-32.856	-12,598	-
Net Profit (Loss) of The Investment Results	8,497	6,492	30.884	3,561	138.612
Net Insurance Financing Expenses	-1,904	-3,400	-44	-1,697	12.197
Net Profit (Loss), After Zakat, Attributable To Shareholders	13,089	14,248	-8.134	-13,074	-
Total Comprehensive Income Attributable to Shareholders of the Issuer	13,089	16,756	-21.884	-4,374	-
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)	428,306	398,588	7.455
Profit (Loss) per Share	0.44	0.47
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 348,863 thousand Saudi Riyals, compared to 263,453 thousand Saudi Riyals of the same quarter of last year, with an increase of 32%, the reason of the increase in insurance revenues during current quarter is mainly due to the growth in Motor businesses.
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 14,653 thousand Saudi Riyals compared to 15,812 thousand Saudi Riyals during the same quarter of the last year, which was mainly due to Net insurance service result for the current quarter amounted to 9,208 thousand Saudi Riyals, compared to 13,714 thousand Saudi Riyals during the same quarter of the last year, a decrease of 33%. This was partially offset by the following positive changes: Net investment results for the current quarter amounted to 8,497 thousand Saudi Riyals, compared to 6,492 thousand Saudi Riyals during the same quarter of the last year, an increase of 31%. Other operating expenses decreased by 480 thousand Saudi Riyals during the current quarter compared with the same quarter of the last year, a decrease of 20%. - Total comprehensive income for the current quarter amounted to 13,089 thousand Saudi Riyals, compared to 16,756 thousand Saudi Riyals during the same quarter of the last 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 348,863 thousand Saudi Riyals, compared to 308,367 thousand Saudi Riyals of the previous quarter, with an increase of 13%, the reason of the increase in insurance revenues during current quarter is mainly due to the growth in Motor businesses.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous quarter is	Net profit/(loss) before zakat attributable to the shareholders for the current quarter amounted to 14,653 thousand Saudi Riyals compared to (11,510) thousand Saudi Riyals during the previous quarter, which was mainly due to the following reasons: Net income/(loss) insurance service result for the current quarter amounted to 9,208 thousand Saudi Riyals, compared to (12,598) thousand Saudi Riyals during the previous quarter. Net investment results for the current quarter amounted to 8,497 thousand Saudi Riyals, compared to 3,561 thousand Saudi Riyals during the previous quarter, an increase of 139%. Total comprehensive income/(loss) for the current quarter amounted to 13,089 thousand Saudi Riyals, compared to (4,374) thousand Saudi Riyals during 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)	None
Reclassification of Comparison Items	None
Additional Information	- The Earnings per Share for the current quarter is SAR 0.44 compared to SAR 0.47 for the same quarter of the last year, which was calculated based on weighted average number of shares of 30,000 thousand shares. - Total Shareholders’ Equity as at end of the current quarter is 428,306 thousand Saudi Riyals, compared to 398,588 thousand Saudi Riyals for the same quarter of the last year, an increase of 7%.