GULF GENERAL

Gulf General Cooperative Insurance Co.

8260StocksTadawulInsurance

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	432.19M	347.29M	339.56M	255.91M	250.65M
Operating Expenses	483.65M	338.00M	440.24M	339.99M	241.78M
Pretax Income	-88.59M	6.32M	-102.00M	-84.08M	8.86M
Income Tax	5.62M	2.79M	4.02M	2.70M	5.11M
Net Income	-94.21M	3.53M	-106.02M	-86.78M	3.75M
Premium Revenue	414.35M	315.65M	315.69M	220.07M	219.15M
Policy Benefits	472.97M	324.18M	373.17M	220.71M	147.12M
Policy Cost	—	—	—	40.94M	21.60M
EPS (Basic)	-3.14	0.12	-3.53	-5.26	0.31
EPS (Diluted)	-3.14	0.12	-3.53	-5.26	0.31
Margins & Efficiency
Net Margin %	-21.8%	+1.0%	-31.2%	-33.9%	+1.5%
Revenue & Income
Revenue Growth (YoY)	+24.4%	+2.3%	+32.7%	+2.1%	+24.8%
Revenue Insurance	432.19M	347.29M	339.56M	255.91M	250.65M
Premiums Annuity Rev	414.35M	315.65M	315.69M	220.07M	219.15M
Other Revenue Insurance	13.43M	19.08M	27.62M	22.48M	29.24M
Gain Investment Rev Insurance	2.64M	8.71M	-4.97M	13.37M	2.26M
Reinsurance	—	—	-49.59M	—	—
Expenses & Provisions
SG&A Insurance	—	—	—	74.08M	73.35M
Other Opex Insurance	10.69M	13.82M	17.47M	2.48M	3.78M
Total Opex Insurance	483.65M	338.00M	440.24M	339.99M	241.78M
Interest Expense	-0.87M	-7.89M	-1.32M	—	—
Other Non Operating Income (Expenses)	—	4.92M	—	—	—
Policy Benefits	472.97M	324.18M	373.17M	220.71M	147.12M
Policy Cost	—	—	—	40.94M	21.60M
Provision for Bad Debts	—	—	—	1.78M	-4.07M
Impairment of Goodwill	-36.26M	—	—	—	—
D&A For EBITDA	2.42M	2.29M	2.32M	0.43M	2.25M
Deferred Policy Acquisition Cost	—	—	—	7.28M	8.62M
Profitability & Returns
EBIT	-51.46M	9.29M	-100.68M	-84.08M	8.86M
EBIT Margin	-11.9%	+2.7%	-29.7%	-32.9%	+3.5%
EBITDA	-49.04M	11.58M	-98.36M	-83.64M	11.11M
EBITDA Margin	-11.3%	+3.3%	-29.0%	-32.7%	+4.4%
EBT Excluding Unusual Items	-52.33M	6.32M	-102.00M	-84.08M	8.86M
Pretax Income	-88.59M	6.32M	-102.00M	-84.08M	8.86M
Opinc Insurance	-51.46M	9.29M	-100.68M	-84.08M	8.86M
Operating Margin	-11.9%	+2.7%	-29.7%	-32.9%	+3.5%
Profit Margin	-21.8%	+1.0%	-31.2%	-33.9%	+1.5%
Net Income	-94.21M	3.53M	-106.02M	-86.78M	3.75M
Net Income to Common	-94.21M	3.53M	-106.02M	-86.78M	3.75M
Income Tax Expense	5.62M	2.79M	4.02M	2.70M	5.11M
Effective Tax Rate	—	+44.1%	—	—	+57.7%
Per Share & Capital
EPS (Basic)	-3.14	0.12	-3.53	-5.26	0.31
EPS (Diluted)	-3.14	0.12	-3.53	-5.26	0.31
Shares Change (YoY)	—	—	0.82	0.38	—
Shares Outstanding (Basic)	30.00M	30.00M	30.00M	16.50M	12.00M
Shares Outstanding (Diluted)	30.00M	30.00M	30.00M	16.50M	12.00M
Free Cash Flow	-19.23M	16.42M	-105.60M	-140.92M	13.37M
Free Cash Flow Margin	-4.5%	+4.7%	-31.1%	-55.1%	+5.3%
Free Cash Flow Per Share	-0.64	0.55	-3.52	-8.54	1.12
Supplemental
Total Interest Dividend Income	1.78M	3.86M	1.22M	—	—

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	432.19M	347.29M	339.56M	255.91M	250.65M
Operating Expenses	483.65M	338.00M	440.24M	339.99M	241.78M
Pretax Income	-88.59M	6.32M	-102.00M	-84.08M	8.86M
Income Tax	5.62M	2.79M	4.02M	2.70M	5.11M
Net Income	-94.21M	3.53M	-106.02M	-86.78M	3.75M
Premium Revenue	414.35M	315.65M	315.69M	220.07M	219.15M
Policy Benefits	472.97M	324.18M	373.17M	220.71M	147.12M
Policy Cost	—	—	—	40.94M	21.60M
EPS (Basic)	-3.14	0.12	-3.53	-5.26	0.31
EPS (Diluted)	-3.14	0.12	-3.53	-5.26	0.31
Margins & Efficiency
Net Margin %	-21.8%	+1.0%	-31.2%	-33.9%	+1.5%
Revenue & Income
Revenue Growth (YoY)	+24.4%	+2.3%	+32.7%	+2.1%	+24.8%
Revenue Insurance	432.19M	347.29M	339.56M	255.91M	250.65M
Premiums Annuity Rev	414.35M	315.65M	315.69M	220.07M	219.15M
Other Revenue Insurance	13.43M	19.08M	27.62M	22.48M	29.24M
Gain Investment Rev Insurance	2.64M	8.71M	-4.97M	13.37M	2.26M
Reinsurance	—	—	-49.59M	—	—
Expenses & Provisions
SG&A Insurance	—	—	—	74.08M	73.35M
Other Opex Insurance	10.69M	13.82M	17.47M	2.48M	3.78M
Total Opex Insurance	483.65M	338.00M	440.24M	339.99M	241.78M
Interest Expense	-0.87M	-7.89M	-1.32M	—	—
Other Non Operating Income (Expenses)	—	4.92M	—	—	—
Policy Benefits	472.97M	324.18M	373.17M	220.71M	147.12M
Policy Cost	—	—	—	40.94M	21.60M
Provision for Bad Debts	—	—	—	1.78M	-4.07M
Impairment of Goodwill	-36.26M	—	—	—	—
D&A For EBITDA	2.42M	2.29M	2.32M	0.43M	2.25M
Deferred Policy Acquisition Cost	—	—	—	7.28M	8.62M
Profitability & Returns
EBIT	-51.46M	9.29M	-100.68M	-84.08M	8.86M
EBIT Margin	-11.9%	+2.7%	-29.7%	-32.9%	+3.5%
EBITDA	-49.04M	11.58M	-98.36M	-83.64M	11.11M
EBITDA Margin	-11.3%	+3.3%	-29.0%	-32.7%	+4.4%
EBT Excluding Unusual Items	-52.33M	6.32M	-102.00M	-84.08M	8.86M
Pretax Income	-88.59M	6.32M	-102.00M	-84.08M	8.86M
Opinc Insurance	-51.46M	9.29M	-100.68M	-84.08M	8.86M
Operating Margin	-11.9%	+2.7%	-29.7%	-32.9%	+3.5%
Profit Margin	-21.8%	+1.0%	-31.2%	-33.9%	+1.5%
Net Income	-94.21M	3.53M	-106.02M	-86.78M	3.75M
Net Income to Common	-94.21M	3.53M	-106.02M	-86.78M	3.75M
Income Tax Expense	5.62M	2.79M	4.02M	2.70M	5.11M
Effective Tax Rate	—	+44.1%	—	—	+57.7%
Per Share & Capital
EPS (Basic)	-3.14	0.12	-3.53	-5.26	0.31
EPS (Diluted)	-3.14	0.12	-3.53	-5.26	0.31
Shares Change (YoY)	—	—	0.82	0.38	—
Shares Outstanding (Basic)	30.00M	30.00M	30.00M	16.50M	12.00M
Shares Outstanding (Diluted)	30.00M	30.00M	30.00M	16.50M	12.00M
Free Cash Flow	-19.23M	16.42M	-105.60M	-140.92M	13.37M
Free Cash Flow Margin	-4.5%	+4.7%	-31.1%	-55.1%	+5.3%
Free Cash Flow Per Share	-0.64	0.55	-3.52	-8.54	1.12
Supplemental
Total Interest Dividend Income	1.78M	3.86M	1.22M	—	—