MEDGULF

Mediterranean & Gulf Cooperative Insurance & Reinsurance Co.

8030StocksTadawulInsurance

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (SAR)

	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021	2020Dec 31, 2020
Operating Summary
Revenue	3.65B	3.46B	2.83B	1.70B	1.69B
Operating Expenses	3.54B	3.26B	3.23B	1.84B	1.64B
Pretax Income	107.04M	195.67M	-405.86M	-135.59M	54.90M
Income Tax	5.04M	-5.80M	-8.99M	5.00M	17.99M
Net Income	101.99M	201.47M	-396.87M	-140.59M	36.91M
Premium Revenue	3.55B	3.33B	2.64B	1.52B	1.47B
Policy Benefits	3.53B	3.25B	3.23B	1.40B	1.13B
Policy Cost	—	—	—	96.53M	100.14M
EPS (Basic)	0.97	1.92	-3.78	-1.34	0.53
EPS (Diluted)	0.97	1.92	-3.78	-1.34	0.53
Margins & Efficiency
Net Margin %	+2.8%	+5.8%	-14.0%	-8.3%	+2.2%
Revenue & Income
Revenue Growth (YoY)	+5.6%	+22.3%	+66.1%	+0.5%	-21.8%
Revenue Insurance	3.65B	3.46B	2.83B	1.70B	1.69B
Premiums Annuity Rev	3.55B	3.33B	2.64B	1.52B	1.47B
Other Revenue Insurance	36.88M	27.92M	110.61M	151.25M	211.66M
Gain Investment Rev Insurance	—	-0.15M	—	22.50M	9.29M
Expenses & Provisions
SG&A Insurance	6.86M	5.24M	3.73M	350.05M	369.27M
Other Opex Insurance	3.02M	10.59M	—	18.57M	3.32M
Total Opex Insurance	3.54B	3.26B	3.23B	1.84B	1.64B
Policy Benefits	3.53B	3.25B	3.23B	1.40B	1.13B
Policy Cost	—	—	—	96.53M	100.14M
Provision for Bad Debts	—	—	—	-24.51M	39.12M
D&A For EBITDA	7.32M	7.51M	6.50M	10.10M	9.56M
Deferred Policy Acquisition Cost	—	—	—	49.90M	60.16M
Profitability & Returns
EBIT	107.04M	195.67M	-405.86M	-135.59M	54.90M
EBIT Margin	+2.9%	+5.7%	-14.4%	-8.0%	+3.2%
EBITDA	114.36M	203.18M	-399.36M	-125.49M	64.47M
EBITDA Margin	+3.1%	+5.9%	-14.1%	-7.4%	+3.8%
EBT Excluding Unusual Items	107.04M	195.67M	-405.86M	-135.59M	54.90M
Pretax Income	107.04M	195.67M	-405.86M	-135.59M	54.90M
Opinc Insurance	107.04M	195.67M	-405.86M	-135.59M	54.90M
Operating Margin	+2.9%	+5.7%	-14.4%	-8.0%	+3.2%
Profit Margin	+2.8%	+5.8%	-14.0%	-8.3%	+2.2%
Net Income	101.99M	201.47M	-396.87M	-140.59M	36.91M
Net Income to Common	101.99M	201.47M	-396.87M	-140.59M	36.91M
Net Income Growth	-49.4%	—	—	—	+1,081.6%
Income Tax Expense	5.04M	-5.80M	-8.99M	5.00M	17.99M
Effective Tax Rate	+4.7%	—	—	—	+32.8%
Per Share & Capital
EPS (Basic)	0.97	1.92	-3.78	-1.34	0.53
EPS (Diluted)	0.97	1.92	-3.78	-1.34	0.53
EPS Growth	-49.4%	—	—	—	+1,081.6%
Shares Change (YoY)	—	—	—	0.5	—
Shares Outstanding (Basic)	105.00M	105.00M	105.00M	105.00M	70.00M
Shares Outstanding (Diluted)	105.00M	105.00M	105.00M	105.00M	70.00M
Free Cash Flow	-57.89M	57.74M	182.37M	-182.11M	-39.03M
Free Cash Flow Margin	-1.6%	+1.7%	+6.5%	-10.7%	-2.3%
Free Cash Flow Per Share	-0.55	0.55	1.74	-1.73	-0.56
Supplemental
Total Interest Dividend Income	60.22M	96.73M	72.47M	7.56M	6.37M

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (SAR)

	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021	2020Dec 31, 2020
Operating Summary
Revenue	3.65B	3.46B	2.83B	1.70B	1.69B
Operating Expenses	3.54B	3.26B	3.23B	1.84B	1.64B
Pretax Income	107.04M	195.67M	-405.86M	-135.59M	54.90M
Income Tax	5.04M	-5.80M	-8.99M	5.00M	17.99M
Net Income	101.99M	201.47M	-396.87M	-140.59M	36.91M
Premium Revenue	3.55B	3.33B	2.64B	1.52B	1.47B
Policy Benefits	3.53B	3.25B	3.23B	1.40B	1.13B
Policy Cost	—	—	—	96.53M	100.14M
EPS (Basic)	0.97	1.92	-3.78	-1.34	0.53
EPS (Diluted)	0.97	1.92	-3.78	-1.34	0.53
Margins & Efficiency
Net Margin %	+2.8%	+5.8%	-14.0%	-8.3%	+2.2%
Revenue & Income
Revenue Growth (YoY)	+5.6%	+22.3%	+66.1%	+0.5%	-21.8%
Revenue Insurance	3.65B	3.46B	2.83B	1.70B	1.69B
Premiums Annuity Rev	3.55B	3.33B	2.64B	1.52B	1.47B
Other Revenue Insurance	36.88M	27.92M	110.61M	151.25M	211.66M
Gain Investment Rev Insurance	—	-0.15M	—	22.50M	9.29M
Expenses & Provisions
SG&A Insurance	6.86M	5.24M	3.73M	350.05M	369.27M
Other Opex Insurance	3.02M	10.59M	—	18.57M	3.32M
Total Opex Insurance	3.54B	3.26B	3.23B	1.84B	1.64B
Policy Benefits	3.53B	3.25B	3.23B	1.40B	1.13B
Policy Cost	—	—	—	96.53M	100.14M
Provision for Bad Debts	—	—	—	-24.51M	39.12M
D&A For EBITDA	7.32M	7.51M	6.50M	10.10M	9.56M
Deferred Policy Acquisition Cost	—	—	—	49.90M	60.16M
Profitability & Returns
EBIT	107.04M	195.67M	-405.86M	-135.59M	54.90M
EBIT Margin	+2.9%	+5.7%	-14.4%	-8.0%	+3.2%
EBITDA	114.36M	203.18M	-399.36M	-125.49M	64.47M
EBITDA Margin	+3.1%	+5.9%	-14.1%	-7.4%	+3.8%
EBT Excluding Unusual Items	107.04M	195.67M	-405.86M	-135.59M	54.90M
Pretax Income	107.04M	195.67M	-405.86M	-135.59M	54.90M
Opinc Insurance	107.04M	195.67M	-405.86M	-135.59M	54.90M
Operating Margin	+2.9%	+5.7%	-14.4%	-8.0%	+3.2%
Profit Margin	+2.8%	+5.8%	-14.0%	-8.3%	+2.2%
Net Income	101.99M	201.47M	-396.87M	-140.59M	36.91M
Net Income to Common	101.99M	201.47M	-396.87M	-140.59M	36.91M
Net Income Growth	-49.4%	—	—	—	+1,081.6%
Income Tax Expense	5.04M	-5.80M	-8.99M	5.00M	17.99M
Effective Tax Rate	+4.7%	—	—	—	+32.8%
Per Share & Capital
EPS (Basic)	0.97	1.92	-3.78	-1.34	0.53
EPS (Diluted)	0.97	1.92	-3.78	-1.34	0.53
EPS Growth	-49.4%	—	—	—	+1,081.6%
Shares Change (YoY)	—	—	—	0.5	—
Shares Outstanding (Basic)	105.00M	105.00M	105.00M	105.00M	70.00M
Shares Outstanding (Diluted)	105.00M	105.00M	105.00M	105.00M	70.00M
Free Cash Flow	-57.89M	57.74M	182.37M	-182.11M	-39.03M
Free Cash Flow Margin	-1.6%	+1.7%	+6.5%	-10.7%	-2.3%
Free Cash Flow Per Share	-0.55	0.55	1.74	-1.73	-0.56
Supplemental
Total Interest Dividend Income	60.22M	96.73M	72.47M	7.56M	6.37M