Financial Results : Arabian Shield Q1 2025 profit sinks 73% to SAR 6.5M

Arabian Shield Q1 2025 profit sinks 73% to SAR 6.5M

08/05/2025 Argaam Exclusive

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Arabian Shield Cooperative Insurance Co. reported a 73% fall in net profit to SAR 6.5 million in Q1 2025, from SAR 23.9 million a year earlier.



Current Quarter Comparison (M)

Compared With The
Item Q1 2024 Q1 2025 Change‬
Gross Written Premium (GWP) 616.45 846.21 37.3 %
Insurance Revenues 390.46 451.04 15.5 %
Net Profit Before Zakat & Tax 29.64 9.91 (66.6 %)
Net Income 23.95 6.45 (73.1 %)
Average Shares 79.82 79.82 -
Earnings Per Share before unusual items (Riyal) 0.30 0.08 (73.1 %)
EPS (Riyal) 0.30 0.08 (73.1 %)

The company attributed the decline to a 27% rise in insurance service expenses, a 34% drop in net investment income, and a 23% increase in net insurance finance costs.

 

This was partially offset by a 16% rise in insurance revenue, a 27% drop in net reinsurance contract expenses, a 39% fall in other operating expenses, and a 37% rise in gross written premiums (GWPs).

 

Compared to Q4 2024, Arabian Shield’s profit soared from SAR 1.79 million.

Insurance Operations

Item 3m 2024 3m 2025 Change‬
Gross Written Premium (GWP) 616.45 846.21 37.3 %
Insurance Revenues 390.46 451.04 15.5 %
Insurance Services Income 9.22 (2.66) (128.9 %)
Investment Income 29.73 19.68 (33.8 %)
Net Profit of Insurance Services and Investment 36.65 14.19 (61.3 %)

Total shareholders’ equity, no minority interest, stood at SAR 1.66 billion by March 2025, compared to SAR 1.56 billion a year earlier.

 

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