Financial Results : ACIG loses SAR 42.5M in 9M 2025, SAR 57.6M in Q3

ACIG loses SAR 42.5M in 9M 2025, SAR 57.6M in Q3

05/11/2025 Argaam Exclusive

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Allied Cooperative Insurance Group (ACIG) reported a net loss of SAR 42.5 million in the first nine months of 2025, against a net profit of SAR 30.8 million a year before.



Financials (M)

Item 9m 2024 9m 2025 Change‬
Insurance Revenues 698.98 654.23 (6.4 %)
Net Income 30.82 (42.49) (237.9 %)
Average Shares 29.10 29.10 -
Earnings Per Share before unusual items (Riyals) 1.06 (1.46) (237.9 %)
EPS (Riyal) 1.06 (1.46) (237.9 %)

The decline was driven by lower revenues from reduced sales of domestic labor insurance and a drop in earned premiums for medical and motor insurance, coupled with a higher provision for unearned premiums for both products.

 

Insurance service results also turned negative, reflecting increased claims in motor insurance during the period, compared with a profit in the same period last year.



Current Quarter Comparison (M)

Compared With The
Item Q3 2024 Q3 2025 Change‬
Insurance Revenues 251.84 244.00 (3.1 %)
Net Income 2.93 (57.61) (2066.1 %)
Average Shares 29.10 29.10 -
Earnings Per Share before unusual items (Riyal) 0.10 (1.98) (2066.1 %)
EPS (Riyal) 0.10 (1.98) (2066.1 %)

ACIG’s third-quarter net loss widened to SAR 57.6 million, against a profit of SAR 2.9 million in Q3 2024, and sequentially fell from a SAR 1.34 million profit in Q2 2025.

Insurance Operations

Item 9m 2024 9m 2025 Change‬
Insurance Revenues 698.98 654.23 (6.4 %)
Insurance Services Income 22.27 (34.19) (253.5 %)
Investment Income 33.14 20.62 (37.8 %)
Net Profit of Insurance Services and Investment 55.85 (15.70) (128.1 %)

Shareholders' equity, no minority interest, reached SAR 213.2 million at the end of the nine-month period, compared with SAR 285.2 million a year earlier.

 

Accumulated losses reached SAR 134.9 million in the current period, representing 46% of the company's capital.

 

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