Financial Results : ACIG H1 2025 profit drops 46% to SAR 15.1M; Q2 at SAR 1.3M

ACIG H1 2025 profit drops 46% to SAR 15.1M; Q2 at SAR 1.3M

05/08/2025 Argaam Exclusive

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Allied Cooperative Insurance Group (ACIG) reported a net profit of SAR 15.1 million in H1 2025, falling 46% compared with SAR 27.9 million a year before.

 


Financials (M)

Item 6m 2024 6m 2025 Change‬
Gross Written Premium (GWP) 449.09 465.23 3.6 %
Insurance Revenues 447.14 410.23 (8.3 %)
Net Profit Before Zakat & Tax 34.49 16.86 (51.1 %)
Net Income 27.89 15.12 (45.8 %)
Average Shares 29.10 29.10 -
Earnings Per Share before unusual items (Riyals) 0.96 0.52 (45.8 %)
EPS (Riyal) 0.96 0.52 (45.8 %)

Lower profit was due to a decrease in revenues resulting from fewer sales of domestic labor insurance policies, in addition to a decline in net investment income.

 

The insurer's Q2 2025 bottom line dropped 54% to SAR 1.3 million from SAR 2.9 million in Q2 2024, due to lower investment income.



Current Quarter Comparison (M)

Compared With The
Item Q2 2024 Q2 2025 Change‬
Gross Written Premium (GWP) 254.73 262.72 3.1 %
Insurance Revenues 215.72 222.44 3.1 %
Net Profit Before Zakat & Tax 7.89 2.02 (74.4 %)
Net Income 2.89 1.34 (53.7 %)
Average Shares 29.10 29.10 -
Earnings Per Share before unusual items (Riyal) 0.10 0.05 (53.7 %)
EPS (Riyal) 0.10 0.05 (53.7 %)

The second-quarter bottom line also deteriorated 90.4% from SAR 13.9 million in Q1 2025.

 

Shareholders' equity, no minority interest, reached SAR 270.77 million at the end of H1 2025, compared with SAR 282.23 million a year earlier.

Insurance Operations

Item 6m 2024 6m 2025 Change‬
Gross Written Premium (GWP) 449.09 465.23 3.6 %
Insurance Revenues 447.14 410.23 (8.3 %)
Insurance Services Income 27.41 28.56 4.2 %
Investment Income 20.95 5.65 (73.0 %)
Net Profit of Insurance Services and Investment 49.87 32.68 (34.5 %)

Accumulated losses amounted to SAR 77.26 million at the end of H1 2025, representing 26.55% of the company's capital.

 

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