Al-Etihad Insurance incurs SAR 75.6M loss in H1 2025; Q2 at SAR 63.7M

04/08/2025 Argaam Exclusive

View other reports

Al-Etihad Cooperative Insurance Co. reported a loss of SAR 75.6 million for the first half of 2025, compared to a profit of SAR 52.1 million during the same period in 2024.

Financials (M)

Item	6m 2024	6m 2025	Change‬
Gross Written Premium (GWP)	525.45	607.93	15.7 %
Insurance Revenues	737.78	605.54	(17.9 %)
Net Profit Before Zakat & Tax	56.05	(69.90)	(224.7 %)
Net Income	52.05	(75.61)	(245.3 %)
Average Shares	50.00	50.00	-
Earnings Per Share before unusual items (Riyals)	1.04	(1.51)	(245.3 %)
EPS (Riyal)	1.04	(1.51)	(245.3 %)

The company recorded losses during the current period because of an 18% decline in insurance revenue as a result of lower earned premiums from the motor and health insurance segments.

It also reported a decrease in reinsurance recoveries and a decline in investment income.

This was partially offset by a reduction in insurance service expenses.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2024	Q2 2025	Change‬
Gross Written Premium (GWP)	223.76	289.57	29.4 %
Insurance Revenues	366.43	317.23	(13.4 %)
Net Profit Before Zakat & Tax	51.39	(61.44)	(219.6 %)
Net Income	49.39	(63.69)	(229.0 %)
Average Shares	50.00	50.00	-
Earnings Per Share before unusual items (Riyal)	0.99	(1.27)	(229.0 %)
EPS (Riyal)	0.99	(1.27)	(229.0 %)

Item	Q1 2025	Q2 2025	Change‬
Gross Written Premium (GWP)	318.36	289.57	(9.0 %)
Insurance Revenues	288.32	317.23	10.0 %
Net Profit Before Zakat & Tax	(8.45)	(61.44)	(627.0 %)
Net Income	(11.92)	(63.69)	(434.4 %)
Average Shares	50.00	50.00	-
Earnings Per Share before unusual items (Riyal)	(0.24)	(1.27)	(434.4 %)
EPS (Riyal)	(0.24)	(1.27)	(434.4 %)

Al-Etihad Insurance registered losses of SAR 63.7 million in Q2 2025, against profit of SAR 49.4 million in Q2 2024.

Net losses widened by 434.4% from SAR 11.92 million in Q1 2025.

Insurance Operations

Item	6m 2024	6m 2025	Change‬
Gross Written Premium (GWP)	525.45	607.93	15.7 %
Insurance Revenues	737.78	605.54	(17.9 %)
Insurance Services Income	26.45	(88.53)	(434.7 %)
Investment Income	40.78	20.80	(49.0 %)
Net Profit of Insurance Services and Investment	62.73	(68.10)	(208.6 %)

Total shareholders’ equity, no minority interest, decreased to SAR 608.55 million as of June 30, 2025, from SAR 696.66 million a year earlier.

View more financial results

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.

Twitter

Facebook

Linked in

Comments {{getCommentCount()}}

Be the first to comment

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

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.

×