Al Sagr Cooperative Insurance Co. announces its Interim Financial Results for the period ending on 2025-09-30 ( Nine Months ) | premargin

Al Sagr Cooperative Insurance Co. announces its Interim Financial Results for the period ending on 2025-09-30 ( Nine Months )

TadawulNovember 4, 2025View on exchange

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Insurance Revenues	152,070	128,028	18.778	152,829	-0.496
Result of Insurance Services	-22,390	12,170	-	-6,257	257.839
Net Profit (Loss) of The Insurance Results	-20,002	769	-	-16,612	20.406
Net Profit (Loss) of The Investment Results	4,934	9,188	-46.299	5,593	-11.782
Net Insurance Financing Expenses	-53	-613	-91.353	79	-
Net Profit (Loss), After Zakat, Attributable To Shareholders	-20,533	3,125	-	-15,335	33.896
Total Comprehensive Income	-20,368	3,171	-	-15,119	34.717
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Insurance Revenues	455,612	362,285	25.76
Result of Insurance Services	-35,525	68,764	-
Net Profit (Loss) of The Insurance Results	-54,596	17,538	-
Net Profit (Loss) of The Investment Results	16,015	20,886	-23.321
Net Insurance Financing Expenses	136	-628	-
Net Profit (Loss), After Zakat, Attributable To Shareholders	-53,791	21,059	-
Total Comprehensive Income	-50,758	21,105	-
Total Shareholders Equity (after Deducting Minority Equity)	350,152	372,214	-5.927
Profit (Loss) per Share	-1.79	0.89
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	-24,951	8.32
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 increased by 19% equivalent to SR 24 million. This is mainly due to increased realization of unearned premium reserves specifically in medical line of business as compared to same period 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	The net profit after zakat decreased by SR 23.7 million mainly due to decrease in insurance service results and investment income by SR 20.8 million and SR 4.2 million respectively.
The reason of the increase (decrease) in the revenues during the current quarter compared to the previous quarter is	Insurance revenue decreased by SR 759 thousand mainly due to reduction in gross earned premium of general lines 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 loss after zakat increased by SR 5.2 million (34%) mainly due to increased losses from insurance operations as reflected in total Insurance Service results.
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 increased by 25.8% equivalent to SR 93 million as compared to same period last year. This is mainly due to increased realization of unearned premium reserves specifically in medical and motor lines of business as compared to same period last year.
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 losses after zakat reached to SR 53.8 million as compared to net profit after zakat of SR 21 million of same period last year. This is mainly due to decrease in insurance service results and investment income by SR 72 million and SR 4.8 million respectively.
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 per share (EPS) for the Nine-month periods ended 30 September 2025 and 2024 is calculated by dividing total income 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 (1.79) as compared to SR 0.89 for the similar period of last year. The weighted average number of ordinary shares for the prior period is computed using an adjustment factor of 1.52 which is a ratio of the theoretical ex-rights of Saudi Riyals 18.26 and closing price per share of Saudi Riyals 27.70 on 26 June 2024, the last day on which the shares were traded together with the rights. Total comprehensive income for the current period showing a loss of SR 50.8 million as compared to income of SR 21.1 million for the similar period last year showing a decrease of 341%. Total Shareholders Equity (no minority interest) as at the end of current period is SR 350.1 million as compared to Shareholders Equity (no minority interest) amounting to SR 400.9 million as at the end of the same period last year representing an decrease of 12.7%. In addition to these, the Gross Written Premium (GWP) for the current period amounted to SR 402.2 million compared to SR 422.3 million for the same period last year, representing a decrease of 4.78%.