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.
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.
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 %) |
Item | Q1 2025 | Q2 2025 | Change |
---|---|---|---|
Gross Written Premium (GWP) | 846.21 | 424.63 | (49.8 %) |
Insurance Revenues | 451.04 | 460.99 | 2.2 % |
Net Profit Before Zakat & Tax | 9.91 | (27.39) | (376.4 %) |
Net Income | 6.45 | (29.91) | (563.6 %) |
Average Shares | 79.82 | 79.82 | - |
Earnings Per Share before unusual items (Riyal) | 0.08 | (0.37) | (563.6 %) |
EPS (Riyal) | 0.08 | (0.37) | (563.6 %) |
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.
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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