Al Sagr loses SAR 70.3M in 2025, SAR 16.5M in Q4

Al Sagr Cooperative Insurance Co. reported a net loss of SAR 70.3 million for 2025, against a net profit of SAR 31.9 million a year earlier.

The loss was mainly attributed to a SAR 100 million decline in insurance service results due to higher incurred claims, recognition of policy acquisition costs, and the loss component in the motor and medical segments. During the year, the company’s net share of surplus from insurance pools fell by SAR 2.7 million.

Investment income declined by SAR 5.7 million due to lower deposit rates and weaker performance in the local equity market amid global geopolitical tensions.

Other operating expenses increased by SAR 5.9 million.

These factors were partially offset by a decline in zakat expenses during the year.

Insurance revenue rose by SAR 100 million, or 20%, compared with the previous year, mainly driven by higher premiums earned, particularly in the motor and medical segments.

In the fourth quarter of 2025, the insurer posted a net loss of SAR 16.5 million, compared with a net profit of SAR 10.8 million in the same period a year earlier.

On a quarterly basis, the company narrowed its losses from SAR 20.5 million in Q3 2025.

Total shareholders’ equity, with no minority interest, surged to SAR 342.14 million by Dec. 31, 2025, compared to SAR 400.9 million a year earlier.

Al Sagr’s accumulated losses reached SAR 41.47 million as of Dec. 31, 2025, representing 13.83% of capital.

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