Arabia Insurance Reports SAR 14.80M Net Loss in Three Months 2026
AICC 8160.SA | 0.00 |
On 2026-05-06 08:16:43 (Saudi Time), Arabia Insurance Cooperative Co. announced its Interim financial results for the three months ended on March 31, 2026.
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Insurance Revenues | 246,810 | 171,473 | 43.935 | 261,762 | -5.712 |
| Result of Insurance Services | 2,669 | 43,545 | -93.87 | 8,875 | -69.926 |
| Net Profit (Loss) of The Insurance Results | -15,373 | -1,949 | 688.763 | -23,874 | -35.607 |
| Net Profit (Loss) of The Investment Results | 8,750 | 9,222 | -5.118 | -19,095 | - |
| Net Insurance Financing Expenses | -1,055 | -1,091 | 0.39 | -1,179 | -10.517 |
| Net Profit (Loss), After Zakat, Attributable To Shareholders | -14,804 | 4,448 | - | -55,110 | -73.137 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | -14,517.65 | 7,092 | - | -46,639 | -68.872 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 556,465 | 612,030 | -9.078 |
| Profit (Loss) per Share | -0.28 | 0.08 | |
| 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 | 42,971 | 8.1 | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
Insurance revenues increased 43.94% YoY to SAR 246.81 million, driven by growth in Motor and Medical insurance segments despite declines in Engineering insurance. However, the company shifted from a net profit of SAR 4.45 million to a net loss of SAR 14.80 million, primarily due to a SAR 13.4 million decrease in net insurance service results and approximately SAR 5 million increase in other operating expenses.
Quarter-on-Quarter Performance Drivers
QoQ insurance revenues declined 5.71% to 246.81 million due to decreased revenues in the Engineering insurance segment, despite growth in Motor insurance. Net loss narrowed 73.14% to -14.80 million, primarily driven by positive changes in net investment income of approximately 27.8 million and reduced insurance service result losses of about 8.5 million.
Other Items
The auditors issued an unmodified conclusion with no additional comments in other matter, conservation, notice, disclaimer of opinion, or adverse opinion paragraphs. Accumulated losses reached SAR 42,971 thousand, representing 8.1% of capital. Total shareholders equity decreased 9.078% to SAR 556,465 thousand compared to the previous year. Loss per share was -0.28 SAR compared to earnings per share of 0.08 SAR in the same quarter last year.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=94992&anCat=1&cs=8160&locale=arImportant Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.