Gulf General narrows losses to SAR 29.5M in H1 2026; Q2 losses at SAR 15.5M

05/08/2026 Argaam Exclusive

Content Summary:

Loading data...

Comments Analysis:

Positive: 0%
Neutral: 0%
Negative: 0%
Comments Summary:Loading data...
Please note that this news summary has been generated using artificial intelligence. It is recommended to review the original sources for complete details and to verify the accuracy of the information.

Gulf General Cooperative Insurance Co. narrowed net loss to SAR 29.5 million in H1 2026 from SAR 52.9 million a year earlier.



Financials (Million Riyal)

Item 6m 2025 6m 2026 Change‬
Gross Written Premium (GWP) 128.29 242.28 88.9 %
Insurance Revenues 173.45 174.90 0.8 %
Net Profit Before Zakat & Tax (50.46) (27.09) 46.3 %
Net Income (52.86) (29.49) 44.2 %
Average Shares 30.00 30.00 -
Earnings Per Share before unusual items (Riyals) (1.76) (0.98) 44.2 %
EPS (Riyal) (1.76) (0.98) 44.2 %

The lower losses were driven by improved insurance operations, with the insurance service loss narrowing 47% year-on-year (YoY), alongside a 77.8% YoY increase in investment income.

 

Insurance revenue edged up 0.8% YoY to SAR 174.9 million, supported by a 5% increase in motor insurance revenue.

 

As a result, the company's net loss before Zakat declined to SAR 27.1 million from SAR 50.5 million a year ago, while the net loss after Zakat declined to SAR 29.5 million from SAR 52.9 million in H1 2025.

 

Net loss declined to SAR 15.5 million in Q2 2026 from SAR 29.08 million in Q2 2025 on an 18.3% YoY increase in insurance revenue to SAR 93.8 million, driven by a 28.7% rise in motor insurance revenue amid business growth.



Current Quarter Comparison (Million Riyal)

Compared With The
Item Q2 2025 Q2 2026 Change‬
Gross Written Premium (GWP) 57.52 117.35 104.0 %
Insurance Revenues 79.34 93.85 18.3 %
Net Profit Before Zakat & Tax (27.88) (14.27) 48.8 %
Net Income (29.08) (15.47) 46.8 %
Average Shares 30.00 30.00 -
Earnings Per Share before unusual items (Riyal) (0.97) (0.52) 46.8 %
EPS (Riyal) (0.97) (0.52) 46.8 %

Sequentially, the insurer widened losses from SAR 14 million in Q1 2026 due to higher insurance service expenses, which increased the insurance service loss, alongside a 13.4% decline in investment income. This lifted the pre-Zakat net loss to SAR 14.3 million from SAR 12.8 million in the previous quarter.

 

Shareholders’ equity, no minority interest, fell to SAR 135.6 million from the end of June 2026, compared to SAR 173.5 million a year earlier.

Insurance Operations

Item 6m 2025 6m 2026 Change‬
Gross Written Premium (GWP) 128.29 242.28 88.9 %
Insurance Revenues 173.45 174.90 0.8 %
Insurance Services Income (45.79) (24.24) 47.1 %
Investment Income 3.31 5.88 77.6 %
Net Profit of Insurance Services and Investment (42.74) (18.90) 55.8 %

View more financial results

 

View other reports

Share Price

Gulf General Cooperative Insurance Co.
3.69
(0.05) (1.34 %)

Gulf General Cooperative Insurance Co. (GULF GENERAL)

More


Financial Ratios
Current
Market Cap (M Riyal) 110.70
Shares Outstanding (M) 30.00
Recurring EPS ( Riyal) (TTM) (3.24)
Book Value (BV) ( Riyal) 4.52
Par Value ( Riyal) 10.00
Recurring P/E (TTM) Neg
P/E (TTM) NEG
Price/Book 0.82
Dividend Yield (%) (Last Year) -
Return on Average Assets (%) (TTM) (28.14 )
Return on Average Equity (%) (TTM) (62.82 )
Return on Market Cap (%) (81.95 )
more

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2026, Argaam Investment, All Rights Reserved
Call Request