Financial Results : ACIG Q1 2025 earnings down 44% to SAR 14M

ACIG Q1 2025 earnings down 44% to SAR 14M

11/05/2025 Argaam Exclusive

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Allied Cooperative Insurance Group's (ACIG) profits fell 44% to SAR 14 million in the first quarter of 2025, from SAR 25 million in Q1 2024.



Current Quarter Comparison (M)

Compared With The
Item Q1 2024 Q1 2025 Change‬
Insurance Revenues 231.42 187.79 (18.9 %)
Net Income 24.99 13.96 (44.1 %)
Average Shares 29.10 29.10 -
Earnings Per Share before unusual items 0.86 0.48 (44.1 %)
EPS (Riyals) 0.86 0.48 (44.1 %)

The profit decline was attributed to lower sales of general and medical insurance policies and lower net profit from insurance services results and net investment income.

Insurance Operations

Item 3m 2024 3m 2025 Change‬
Insurance Revenues 231.42 187.79 (18.9 %)
Insurance Services Income 22.25 17.75 (20.2 %)
Investment Income 10.53 5.07 (51.9 %)
Net Profit of Insurance Services and Investment 35.04 21.66 (38.2 %)

Sequentially, the Q1 bottom line turned green against a loss of SAR 47.30 million in Q4 2024.

 

Shareholders' equity, no minority interest, reached SAR 269.43 million at the end of Q1 2025, compared with SAR 279.33 million a year earlier.

 

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