SAICO profit falls 42% to SAR 16M in H1 2026; Q2 at SAR 2.9M

04/08/2026 Argaam Exclusive

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Saudi Arabian Cooperative Insurance Co. (SAICO) reported a profit of SAR 16 million in H1 2026, a 42% decline from SAR 27.7 million in the year-earlier period, as net insurance service result dropped 64% year-on-year (YoY) to SAR 9.6 million.



Financials (Million Riyal)

Item 6m 2025 6m 2026 Change‬
Insurance Revenues 555.69 743.74 33.8 %
Net Income 27.66 15.95 (42.3 %)
Average Shares 30.00 30.00 -
Earnings Per Share before unusual items (Riyals) 0.92 0.53 (42.3 %)
EPS (Riyal) 0.92 0.53 (42.3 %)

On the other hand, the insurer noted a 29% increase in net investment results to SAR 15.79 million, from 12.22 million during the same period of the last year.

 

Total comprehensive income for the current period amounted to SAR 15.95 million, compared to SAR 30.16 million.



Current Quarter Comparison (Million Riyal)

Compared With The
Item Q2 2025 Q2 2026 Change‬
Insurance Revenues 292.24 394.88 35.1 %
Net Income 13.41 2.86 (78.7 %)
Average Shares 30.00 30.00 -
Earnings Per Share before unusual items (Riyal) 0.45 0.10 (78.7 %)
EPS (Riyal) 0.45 0.10 (78.7 %)

Net profit retreated 79% in Q2 2026 to SAR 2.9 million from SAR 13.41 million in Q2 2025, on a 97% decline in net insurance service results to SAR 393,000.

 

On a sequential basis, net profit plunged 78% from SAR 13.09 million in Q1 2026.

Insurance Operations

Item 6m 2025 6m 2026 Change‬
Insurance Revenues 555.69 743.74 33.8 %
Insurance Services Income 26.67 9.60 (64.0 %)
Investment Income 12.23 15.80 29.2 %
Net Profit of Insurance Services and Investment 33.33 22.05 (33.8 %)

Total shareholders’ equity, no minority interest, stood at SAR 431.2 million by June 30, 2026, compared to SAR 412 million a year earlier.

 

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Share Price

Saudi Arabian Cooperative Insurance Co.
10.48
0.04 0.38 %

Saudi Arabian Cooperative Insurance Co. (SAICO)

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Financial Ratios
Current
Market Cap (M Riyal) 314.40
Shares Outstanding (M) 30.00
Recurring EPS ( Riyal) (TTM) 0.35
Book Value (BV) ( Riyal) 14.37
Par Value ( Riyal) 10.00
Recurring P/E (TTM) 30.03
P/E (TTM) 30.03
Price/Book 0.73
Dividend Yield (%) (Last Year) -
Return on Average Assets (%) (TTM) 0.5
Return on Average Equity (%) (TTM) 2.5
Return on Market Cap (%) 3.3
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