Saudi Arabian Cooperative Insurance Co. announces its Interim Financial Results for the period ending on 2026-06-30 ( Six Months )

Saudi Arabian Cooperative Insurance Co. reported a net profit after Zakat of SAR 15.95 million for the six-month period ending June 30, 2026, representing a 42.3% decrease from the SAR 27.66 million earned in the equivalent period of 2025.
Insurance revenues for the half-year period grew by 33.8% year-on-year to SAR 743.74 million, a performance the company attributed primarily to growth within its motor business segment.
The decline in overall profitability was driven by a 64% drop in the net insurance service result for the period, which fell to SAR 9.60 million; this was especially pronounced in the second quarter, where insurance service results plummeted by 97% to SAR 393 thousand.
Net investment results provided a partial offset to operational pressures, increasing 29.2% to SAR 15.80 million during the first half of the year, while total shareholders' equity improved by 4.7% to SAR 431.17 million.

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Insurance Revenues	394,877	292,239	35.121	348,863	13.189
Result of Insurance Services	120,943	4,739	2,452.078	127,258	-4.962
Net Profit (Loss) of The Insurance Results	393	12,955	-96.966	9,208	-95.731
Net Profit (Loss) of The Investment Results	7,302	5,734	27.345	8,497	-14.063
Net Insurance Financing Expenses	-1,451	-2,164	-32.948	-1,904	-23.792
Net Profit (Loss), After Zakat, Attributable To Shareholders	2,862	13,412	-78.66	13,089	-78.134
Total Comprehensive Income Attributable to Shareholders of the Issuer	2,682	13,412	-80.002	13,089	-79.509
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Insurance Revenues	743,740	555,692	33.84
Result of Insurance Services	248,201	138,930	78.651
Net Profit (Loss) of The Insurance Results	9,601	26,669	-63.999
Net Profit (Loss) of The Investment Results	15,799	12,226	29.224
Net Insurance Financing Expenses	-3,355	-5,564	-39.701
Net Profit (Loss), After Zakat, Attributable To Shareholders	15,951	27,660	-42.331
Total Comprehensive Income Attributable to Shareholders of the Issuer	15,951	30,168	-47.126
Total Shareholders Equity (after Deducting Minority Equity)	431,168	412,000	4.652
Profit (Loss) per Share	0.53	0.92
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 394,877 thousand Saudi Riyals, compared to 292,239 thousand Saudi Riyals of the same quarter of last year, with an increase of 35%, 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 3,974 thousand Saudi Riyals compared to 14,975 thousand Saudi Riyals during the same quarter of the last year, which was mainly due to Net insurance service result for the current quarter amounting to 393 thousand Saudi Riyals, compared to 12,955 thousand Saudi Riyals during the same quarter of the last year, a decrease of 97%. This was partially offset by the following positive changes: Net investment results for the current quarter amounted to 7,302 thousand Saudi Riyals, compared to 5,734 thousand Saudi Riyals during the same quarter of the last year, an increase of 27%. - Total comprehensive income for the current quarter amounted to 2,862 thousand Saudi Riyals, compared to 13,412 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 394,877 thousand Saudi Riyals, compared to 348,863 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 before zakat attributable to the shareholders for the current quarter amounted to 3,974 thousand Saudi Riyals compared to 14,653 thousand Saudi Riyals during the previous quarter, which was mainly due to the following reasons: Net insurance service result for the current quarter amounted to 393 thousand Saudi Riyals, compared to loss of 9,208 thousand Saudi Riyals during the previous quarter, a decrease of 96%. Net investment results for the current quarter amounted to 7,302 thousand Saudi Riyals, compared to 8,497 thousand Saudi Riyals during the previous quarter, a decrease of 14%. - Total comprehensive income for the current quarter amounted to 2,862 thousand Saudi Riyals, compared to 13,089 thousand Saudi Riyals during the previous quarter.
The reason of the increase (decrease) in the revenues during the current period compared to the same period of the last year is	Insurance Revenue during the current period amounted to 743,740 thousand Saudi Riyals, compared to 555,692 thousand Saudi Riyals same period of the previous year, with an increase of 34%, the reason of the increase in insurance revenues during current period is mainly due to the growth in Motor businesses.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is	- Net profit before zakat attributable to the shareholders for the current period amounted to 18,627 thousand Saudi Riyals compared to 30,787 thousand Saudi Riyals during the same period of the last year, which was mainly due to Net insurance service result for the current period amounting to 9,601 thousand Saudi Riyals, compared to 26,669 thousand Saudi Riyals during the same period of the last year, a decrease of 64%. This was partially offset by the following positive changes: Net investment results for the current period amounted to 15,799 thousand Saudi Riyals, compared to 12,226 thousand Saudi Riyals during the same period of the last year, an increase of 29%. - Total comprehensive income for the current period amounted to 15,951 thousand Saudi Riyals, compared to 30,168 thousand Saudi Riyals during the same period of the last year.
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 0.10 compared to SAR 0.45 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 431,168 thousand Saudi Riyals, compared to 412,000 thousand Saudi Riyals for the same quarter of the last year, an increase of 5%.