Gulf General incurs SAR 120.5M loss in 2025, SAR 35.8M in Q4

Gulf General Cooperative Insurance Co. deepened 2025 net losses to SAR 120.5 million, compared to SAR 94.2 million a year earlier.

Losses increased as revenue declined 22.34% to SAR 321.75 million, compared with SAR 414.35 million a year earlier. The decline was mainly due to lower sales of motor insurance products.

Insurance service losses increased 86.85% year-on-year (YoY) to SAR 50.91 million.

In addition, reinsurance contract expenses rose by SAR 569,000 YoY.

Net investment income also decreased YoY by SAR 7.55 million.

Meanwhile, other operating expenses increased 78.96% YoY, or SAR 8.44 million.

The insurance services provider cut net losses by 54.7% to SAR 35.8 million in Q4 2025, from SAR 79 million in the prior-year period.

However, on a quarterly basis net losses widened by 12.5% from SAR 31.8 million in Q3 2025.

Total shareholders’ equity – no minority interest – dropped to SAR 165.11 million as of Dec. 31, 2025, from SAR 223.90 million a year earlier.

Accumulated losses came in at SAR 258.8 million by the end of the 12-month period, accounting for 86% of Gulf General’s capital.

View More Financial Results