Financial Results : Arabian Shield swings to SAR 32.8M loss in 9M 2025; Q3 at SAR 9.4M

Arabian Shield swings to SAR 32.8M loss in 9M 2025; Q3 at SAR 9.4M

04/11/2025 Argaam Exclusive

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Arabian Shield Cooperative Insurance Co. recorded a net loss of SAR 32.8 million in 9M 2025, against a net profit of SAR 69.2 million in the year-earlier period.



Financials (M)

Item 9m 2024 9m 2025 Change‬
Gross Written Premium (GWP) 1,331.10 1,832.65 37.7 %
Insurance Revenues 1,172.44 1,396.15 19.1 %
Net Income 69.21 (32.83) (147.4 %)
Average Shares 79.82 79.82 -
Earnings Per Share before unusual items (Riyals) 0.87 (0.41) (147.4 %)
EPS (Riyal) 0.87 (0.41) (147.4 %)

Net insurance financing expenses increased by 38% year-on-year (YoY). However, insurance revenues grew 19% to SAR 223.71 billion.

 

Net reinsurance contract expenses decreased by 19% YoY, and insurance services expenses increased by 42% YoY. Other operating expenses fell 32% YoY.

 

Gross written premiums (GWP) increased by 38% compared with a year earlier.



Current Quarter Comparison (M)

Compared With The
Item Q3 2024 Q3 2025 Change‬
Gross Written Premium (GWP) 409.11 561.82 37.3 %
Insurance Revenues 400.43 484.12 20.9 %
Net Income 16.35 (9.37) (157.3 %)
Average Shares 79.82 79.82 -
Earnings Per Share before unusual items (Riyal) 0.20 (0.12) (157.3 %)
EPS (Riyal) 0.20 (0.12) (157.3 %)

In Q3 2025, the insurance company posted a net loss of SAR 9.4 million, versus net earnings of SAR 16.35 million in Q3 2024.

 

Compared to Q2 2025, the loss increased from SAR 29.91 million.

Insurance Operations

Item 9m 2024 9m 2025 Change‬
Gross Written Premium (GWP) 1,331.10 1,832.65 37.7 %
Insurance Revenues 1,172.44 1,396.15 19.1 %
Insurance Services Income 45.76 (60.01) (231.1 %)
Investment Income 70.17 57.34 (18.3 %)
Net Profit of Insurance Services and Investment 110.71 (8.27) (107.5 %)

Shareholders’ equity, no minority interest, reached SAR 1.62 billion by Sept. 30, 2025, compared to SAR 1.61 billion in the prior-year period.

 

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