SAICO profit falls 5% to SAR 35.3M in 9M 2025; Q3 at SAR 7.6M

04/11/2025 Argaam Exclusive

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Saudi Arabian Cooperative Insurance Co. (SAICO) reported a profit of SAR 35.3 million in 9M 2025, a 5% retreat from SAR 37.2 million in the year-earlier period.



Financials (M)

Item 9m 2024 9m 2025 Change‬
Insurance Revenues 804.70 848.52 5.4 %
Net Profit Before Zakat & Tax 43.29 39.94 (7.7 %)
Net Income 37.16 35.25 (5.1 %)
Average Shares 30.00 30.00 -
Earnings Per Share before unusual items (Riyals) 1.24 1.18 (5.1 %)
EPS (Riyal) 1.24 1.18 (5.1 %)

The profit decline was attributed to a 21% drop in net insurance services results, amounting to SAR 8.027 million.

 

This was offset by higher revenue, driven by an increase in insurance income during the period as a result of growth in motor, property and casualty (P&C), and protection insurance businesses.

 

Also, SAICO reported a 50% decrease in other operating expenses (OpEx), amounting to SAR 7.041 million.



Current Quarter Comparison (M)

Compared With The
Item Q3 2024 Q3 2025 Change‬
Insurance Revenues 268.56 292.83 9.0 %
Net Profit Before Zakat & Tax 14.15 9.15 (35.3 %)
Net Income 12.11 7.59 (37.3 %)
Average Shares 30.00 30.00 -
Earnings Per Share before unusual items (Riyal) 0.40 0.25 (37.3 %)
EPS (Riyal) 0.40 0.25 (37.3 %)

SAICO's net profit fell 37.3% in Q3 2025 to SAR 7.59 million from SAR 12.11 million in Q3 2024.

 

On a sequential basis, net profit retreated 43.4% from SAR 13.41 million in Q2 2025.

Insurance Operations

Item 9m 2024 9m 2025 Change‬
Insurance Revenues 804.70 848.52 5.4 %
Insurance Services Income 37.66 29.64 (21.3 %)
Investment Income 23.10 21.39 (7.4 %)
Net Profit of Insurance Services and Investment 54.58 43.96 (19.5 %)

Total shareholders’ equity, with no minority interest, stood at SAR 419.6 million by Sept. 30, 2025, compared to SAR 350.75 million a year earlier.

 

Total comprehensive income for the current period amounted to SAR 37.76 million, compared to SAR 37.15 million for the same period of the previous year.

 

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Share Price

Saudi Arabian Cooperative Insurance Co.
13.33
0.04 0.30 %

Saudi Arabian Cooperative Insurance Co. (SAICO)

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Financial Ratios
Current
Market Cap (M Riyal) 403.50
Shares Outstanding (M) 30.00
EPS ( Riyal) (TTM) 1.58
Book Value (BV) ( Riyal) 13.99
Par Value ( Riyal) 10.00
Recurring P/E 8.51
P/E (TTM) 8.51
Price/Book 0.96
Return on Average Assets (%) (TTM) 2.4
Return on Average Equity (%) (TTM) 12.3
Return on Market Cap (%) 11.1
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