AICC 9M 2025 net profit falls 71% to SAR 9.9M; Q3 at SAR 354,000

05/11/2025 Argaam Exclusive

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Arabia Insurance Cooperative Co. (AICC) reported a net profit of SAR 9.9 million for the first nine months of 2025, a slump of 71% from SAR 34.6 million in the year-earlier period.

Financials (M)

Item	9m 2024	9m 2025	Change‬
Insurance Revenues	532.53	589.36	10.7 %
Net Income	34.62	9.93	(71.3 %)
Average Shares	53.00	53.00	-
Earnings Per Share before unusual items (Riyals)	0.65	0.19	(71.3 %)
EPS (Riyal)	0.65	0.19	(71.3 %)

The insurance company posted a decrease in net insurance services result by approximately SAR 32.5 million and investment income by nearly SAR 7.9 million.

This was despite a decrease in other operating expenses and provision for Zakat and income tax by approximately SAR 13.1 million, in addition to a decrease in net insurance finance expenses by almost SAR 1.9 million.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2024	Q3 2025	Change‬
Insurance Revenues	164.71	220.12	33.6 %
Net Income	13.56	0.35	(97.4 %)
Average Shares	53.00	53.00	-
Earnings Per Share before unusual items (Riyal)	0.26	0.01	(97.4 %)
EPS (Riyal)	0.26	0.01	(97.4 %)

Item	Q2 2025	Q3 2025	Change‬
Insurance Revenues	197.76	220.12	11.3 %
Net Income	5.13	0.35	(93.1 %)
Average Shares	53.00	53.00	-
Earnings Per Share before unusual items (Riyal)	0.10	0.01	(93.1 %)
EPS (Riyal)	0.10	0.01	(93.1 %)

Q3 2025 net profit dropped 97% to SAR 354,000, from SAR 13.6 million in Q3 2024.

On a sequential basis, net earnings dropped 93.1% from SAR 5.13 million in Q2 2025.

Total shareholders’ equity (no minority equity) stood at SAR 617.6 million by Sept. 30, 2025, compared to SAR 596.66 million a year earlier.

Insurance Operations

Item	9m 2024	9m 2025	Change‬
Insurance Revenues	532.53	589.36	10.7 %
Insurance Services Income	40.85	8.34	(79.6 %)
Investment Income	27.90	20.02	(28.2 %)
Net Profit of Insurance Services and Investment	63.83	25.34	(60.3 %)

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