ACIG says accumulated losses hit 46.35% of capital

Logo of Allied Cooperative Insurance Group (ACIG) 

Allied Cooperative Insurance Group (ACIG) said its accumulated losses reached 46.35% of capital, or SAR 134.87 million, based on preliminary financials to Sept. 30, 2025.

In a statement to Tadawul, the insurer said the rise was driven by technical and operational factors, including higher net claims in certain lines, particularly motor, as well as higher technical provisions to meet regulatory and actuarial requirements, and increased operating costs due to IT system upgrades and digital infrastructure improvements.

ACIG said it has drawn up a comprehensive plan to address its financial position and strengthen solvency margins. The plan includes reviewing pricing and technical risk policies with its actuarial team, expanding well-performing products and diversifying the portfolio, and boosting claims management efficiency while leveraging digital transformation to improve service quality and cost control.