Financial Results : Arabian Shield turns to SAR 23.5M loss in H1 2025; Q2 at SAR 29.9M

Arabian Shield turns to SAR 23.5M loss in H1 2025; Q2 at SAR 29.9M

04/08/2025 Argaam Exclusive

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Arabian Shield Cooperative Insurance Co. turned to a loss of SAR 23.5 million in H1 2025, from a profit of SAR 52.9 million in the year-earlier period.



Financials (M)

Item 6m 2024 6m 2025 Change‬
Gross Written Premium (GWP) 921.99 1,270.83 37.8 %
Insurance Revenues 772.01 912.03 18.1 %
Net Profit Before Zakat & Tax 64.21 (17.48) (127.2 %)
Net Income 52.86 (23.46) (144.4 %)
Average Shares 79.82 79.82 -
Earnings Per Share before unusual items (Riyals) 0.66 (0.29) (144.4 %)
EPS (Riyal) 0.66 (0.29) (144.4 %)

During the period, insurance services expenses increased 46% year-on-year (YoY) by SAR 294,987, while net investment income decreased by SAR 14.281 million, marking a 29% decline.

 

Net insurance financing expenses rose by SAR 1,258, reflecting a 40% increase.

 

Net reinsurance contract expenses decreased by SAR 88,670, showing an improvement of 90%.

 

Other operating expenses dropped by SAR 877,000, representing a 7% decrease.

 

On the other hand, insurance revenues increased by SAR 140.02 million compared to the same period last year, reflecting an 18% YoY rise. This was primarily driven by growth across various business sectors.

 

Additionally, gross written premiums (GWP) rose 38% YoY by SAR 348,844.



Current Quarter Comparison (M)

Compared With The
Item Q2 2024 Q2 2025 Change‬
Gross Written Premium (GWP) 305.55 424.63 39.0 %
Insurance Revenues 381.55 460.99 20.8 %
Net Profit Before Zakat & Tax 34.57 (27.39) (179.2 %)
Net Income 28.92 (29.91) (203.4 %)
Average Shares 79.82 79.82 -
Earnings Per Share before unusual items (Riyal) 0.36 (0.37) (203.4 %)
EPS (Riyal) 0.36 (0.37) (203.4 %)

The insurer turned to losses of SAR 29.91 million in Q2 2025 against a profit of SAR 28.92 million in Q2 2024.

 

On a sequential basis, the company saw losses from a profit of SAR 6.45 million in Q1 2025.

Insurance Operations

Item 6m 2024 6m 2025 Change‬
Gross Written Premium (GWP) 921.99 1,270.83 37.8 %
Insurance Revenues 772.01 912.03 18.1 %
Insurance Services Income 30.45 (36.58) (220.1 %)
Investment Income 49.35 35.06 (29.0 %)
Net Profit of Insurance Services and Investment 76.65 (5.92) (107.7 %)

Total shareholders’ equity, no minority interest, stood at SAR 1.63 billion by June 30, 2025, compared to SAR 1.59 billion a year earlier.

 

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