Arabian Shield Reports SAR 4.90M Net Profit in Three Months 2026
ARABIAN SHIELD 8070.SA | 0.00 |
On 2026-05-04 08:41:10 (Saudi Time), Arabian Shield Cooperative Insurance 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 | 398,396 | 451,040 | -11.671 | 485,739 | -17.981 |
| Result of Insurance Services | -5,608 | 53,503 | - | 12,184 | - |
| Net Profit (Loss) of The Insurance Results | -7,822 | -2,664 | 193.618 | -7,273 | 7.548 |
| Net Profit (Loss) of The Investment Results | 25,740 | 19,683 | 30.772 | 10,502 | 145.096 |
| Net Insurance Financing Expenses | -2,504 | -2,830 | -11.519 | -807 | 210.285 |
| Net Profit (Loss), After Zakat, Attributable To Shareholders | 4,898 | 6,453 | -24.097 | -10,922 | - |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 3,046 | 13,977 | -78.207 | 6,415 | -52.517 |
| 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) | 1,636,695 | 1,666,510 | -1.789 |
| Profit (Loss) per Share | 0.06 | 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 | - | - | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
Insurance revenues declined 11.671% YoY to 398.40 million due to a decline in the company's Life Group Credit business. Net profit decreased 24.097% YoY to 4.90 million, primarily driven by lower insurance revenues of 52.64 million and increased insurance services expenses by 6.47 million, along with higher other operating expenses by 3.93 million. However, this was partially offset by a significant 96% decrease in net reinsurance contract expenses of 53.95 million and a 30.772% increase in net investment income of 6.06 million.
Quarter-on-Quarter Performance Drivers
QoQ insurance revenues declined 17.98% to 398.40 million due to a decrease in the company's credit life sector. Despite this revenue drop, net profit turned positive at 4.90 million compared to a loss of 10.92 million in the previous quarter, driven by an 89% decrease in net reinsurance contract expenses, a 15% reduction in insurance services expenses, and a 145% surge in net investment income to 25.74 million.
Other Items
The external auditor issued an unmodified conclusion with no additional comments, disclaimers, or adverse opinions noted. The company reported no accumulated losses, with total shareholders' equity of 1,636,695 thousand SAR as of the current period. Earnings per share for the quarter was 0.06 SAR compared to 0.08 SAR in the equivalent quarter of the previous year. The company's authorized, issued and fully paid share capital stands at 798,152,950 SAR consisting of 79,815,295 shares with a nominal value of 10 Saudi Riyals each.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=94916&anCat=1&cs=8070&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.