Allied Cooperative Insurance Group announced on May 6, 2026 that its accumulated losses have reached 51.97% of its capital, totaling Saudi Riyal 151,241 thousand, based on preliminary financial results ending March 31, 2026. The losses were primarily driven by increased net claims in motor insurance, higher technical provisions per regulatory requirements, and rising operating expenses from digital infrastructure development. The company is implementing corrective measures including reviewing pricing policies, diversifying its insurance portfolio, and enhancing claims management efficiency. Under Article 132 of the Companies Law, the board must publish recommendations by July 3, 2026 and call an extraordinary general meeting by October 31, 2026 to consider the company's continuation.

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