Financial Results : Al Sagr loses SAR 53.8M in 9M 2025, SAR 20.5M in Q3

Al Sagr loses SAR 53.8M in 9M 2025, SAR 20.5M in Q3

04/11/2025 Argaam Exclusive

View other reports

Al Sagr Cooperative Insurance Co. reported losses of SAR 53.8 million in the first nine months of 2025, versus profits of SAR 21.1 million in the prior-year period.



Financials (M)

Item 9m 2024 9m 2025 Change‬
Gross Written Premium (GWP) 422.34 402.20 (4.8 %)
Insurance Revenues 362.29 455.61 25.8 %
Net Income 21.06 (53.79) (355.4 %)
Average Shares 23.66 30.00 26.8 %
Earnings Per Share before unusual items (Riyals) 0.89 (1.94) (318.3 %)
EPS (Riyal) 0.89 (1.79) (301.4 %)

The company attributed its losses to lower insurance service results and investment income, which declined by SAR 72 million and SAR 4.8 million, respectively.

 

This came despite a 25.8% increase in insurance revenue, or SAR 93 million, mainly driven by higher amortization of unearned premium reserves, particularly in the medical and motor segments.



Current Quarter Comparison (M)

Compared With The
Item Q3 2024 Q3 2025 Change‬
Gross Written Premium (GWP) 166.80 150.40 (9.8 %)
Insurance Revenues 128.03 152.07 18.8 %
Net Income 3.13 (20.53) (757.0 %)
Average Shares 23.66 30.00 26.8 %
Earnings Per Share before unusual items (Riyal) 0.13 (0.68) (618.2 %)
EPS (Riyal) 0.13 (0.68) (618.2 %)

In Q3 2025, Al Sagr Insurance incurred losses of SAR 20.53 million, compared to profits in Q3 2024, due to a decline of SAR 20.8 million in insurance service results and SAR 4.2 million in investment income.

 

This came despite a 19% increase in insurance revenue, or SAR 24 million, mainly due to higher recognition of unearned premium reserves in the medical segment.

 

Sequentially, the company widened its losses compared to the previous quarter, mainly due to a SAR 760,000 decrease in insurance revenue following lower total earned premiums in general insurance operations.

Insurance Operations

Item 9m 2024 9m 2025 Change‬
Gross Written Premium (GWP) 422.34 402.20 (4.8 %)
Insurance Revenues 362.29 455.61 25.8 %
Insurance Services Income 17.54 (54.60) (411.3 %)
Investment Income 20.89 16.02 (23.3 %)
Net Profit of Insurance Services and Investment 37.80 (38.45) (201.7 %)

Shareholders’ equity, no minority interest, declined to SAR 350.2 million as of Sept. 30, 2025, compared to SAR 372.2 million a year earlier.

 

Accumulated losses amounted to SAR 24.95 million as of Sept. 30, 2025, representing 8.3% of the capital.

 

View More Financial Results

 

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.