Financial Results : ACIG widens loss to SAR 41.2M in 2025; Q4 profit at SAR 1.3M

ACIG widens loss to SAR 41.2M in 2025; Q4 profit at SAR 1.3M

16/03/2026 Argaam Exclusive

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Allied Cooperative Insurance Group (ACIG) widened 2025 net loss to SAR 41.2 million, compared to SAR 16.5 million a year earlier.



Financials (M)

Item 2024 2025 Change‬
Insurance Revenues 883.35 993.24 12.4 %
Net Income (16.48) (41.19) (149.9 %)
Average Shares 29.10 29.10 -
Earnings Per Share before unusual items (Riyals) (0.57) (1.42) (149.9 %)
EPS (Riyal) (0.57) (1.42) (149.9 %)

This was driven by an increase in net insurance service result and a decline in net investment income.

 

However, revenues grew in 2025 due to higher sales of motor and medical insurance policies.



Current Quarter Comparison (M)

Compared With The
Item Q4 2024 Q4 2025 Change‬
Insurance Revenues 184.37 339.01 83.9 %
Net Income (47.30) 1.30 102.8 %
Average Shares 29.10 29.10 -
Earnings Per Share before unusual items (Riyal) (1.63) 0.04 102.8 %
EPS (Riyal) (1.63) 0.04 102.8 %

Q4 2025 net profit stood at SAR 1.3 million, versus a net loss of SAR 47.3 million in the prior-year period.

 

The insurer turned to a net profit from a net loss of SAR 57.6 million in Q3 2025.

 

Total shareholders’ equity (no minority interest) amounted to SAR 222.2 million as of Dec. 31, 2025, compared to SAR 253.1 million in the year-earlier period.

 

Accumulated loss stood at SAR 133.56 million by Dec. 31, 2025, accounting for 46% of capital.

Insurance Operations

Item 2024 2025 Change‬
Insurance Revenues 883.35 993.24 12.4 %
Insurance Services Income (22.75) (30.41) (33.7 %)
Investment Income 42.68 20.59 (51.8 %)
Net Profit of Insurance Services and Investment 20.78 (11.66) (156.1 %)

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Financial results (Million)

Period Net Income Change EPS(Riyal) Net Profit Before Zakat & Tax Change
Q1 2016 3.53 12.8 % 0.16 3.78 (1.7 %)
Q2 2016 4.04 28.3 % 0.18 4.41 39.8 %
Q3 2016 3.82 (4.2 %) 0.17 4.71 18.1 %
Q4 2016 (4.70) (3171.2 %) (0.21) (4.55) (3071.9 %)
Q1 2017 4.50 27.5 % 0.20 4.90 29.7 %
Q2 2017 6.11 51.2 % 0.27 6.61 50.1 %
Q3 2017 2.96 (22.5 %) 0.13 3.93 (16.4 %)
Q4 2017 2.40 151.1 % 0.11 2.67 158.6 %
Q1 2018 1.94 (56.8 %) 0.09 2.42 (50.7 %)
Q2 2018 (0.14) (102.2 %) (0.01) 2.94 (55.6 %)
Q3 2018 (2.22) (175.0 %) (0.10) (1.10) (128.0 %)
Q4 2018 (2.98) (224.3 %) (0.13) (1.88) (170.5 %)
Q1 2019 1.00 (48.8 %) 0.04 1.98 (18.2 %)
Q2 2019 1.28 1050.4 % 0.06 2.48 (15.4 %)
Q3 2019 (1.84) 16.9 % (0.08) (0.55) 50.0 %
Q4 2019 0.08 102.6 % 0.00 2.00 206.3 %
Q1 2020 2.23 123.8 % 0.10 2.88 45.4 %
Q2 2020 5.77 349.8 % 0.26 7.09 185.4 %
Q3 2020 (2.95) (60.1 %) (0.13) (1.45) (163.2 %)
Q4 2020 (5.96) (7746.2 %) (0.27) (4.96) (348.3 %)
Q1 2021 2.43 8.9 % 0.11 3.73 29.6 %
Q2 2021 (7.32) (226.8 %) (0.33) (5.54) (178.2 %)
Q3 2021 (28.63) (869.5 %) (1.27) (26.63) (1,732.7 %)
Q4 2021 (81.07) (1,259.2 %) (3.61) (75.57) (1,422.3 %)
Q1 2022 (30.46) (1354.3 %) (1.44) (31.96) (957.2 %)
Q2 2022 (3.16) 56.9 % (0.11) (11.09) (100.1 %)
Q3 2022 14.35 150.1 % 0.49 7.42 127.9 %
Q4 2022 9.85 112.1 % 0.34 10.85 114.4 %
Q1 2023 3.54 111.6 % 0.12 4.04 112.6 %
Q2 2023 10.52 433.3 % 0.36 13.52 221.9 %
Q3 2023 32.30 125.1 % 1.11 34.60 366.4 %
Q4 2023 17.04 73.1 % 0.59 20.04 84.8 %
Q1 2024 24.99 606.0 % 0.86 26.59 558.3 %
Q2 2024 2.89 (72.5 %) 0.10 7.89 (41.7 %)
Q3 2024 2.93 (90.9 %) 0.10 (0.07) (100.2 %)
Q4 2024 (47.30) (377.5 %) (1.63) (43.80) (318.5 %)
Q1 2025 13.95 (44.2 %) 0.48 15.01 (43.6 %)
Q2 2025 1.34 (53.7 %) 0.05 2.02 (74.4 %)
Q3 2025 (57.61) (2067.5 %) (1.98) (56.79) (78,777.8 %)
Q4 2025 1.30 102.8 % 0.04 - -
2025 (41.19) (149.9 %) (1.42) - -

Insurance Operations Performance (M)

Compared With The
Period Gross Written Premium (GWP) Change Insurance Services Income Change Net Profit of Insurance Services and Investment Change
Q1 2016 147.27 (21.3 %) - - - -
Q2 2016 146.77 2.0 % - - - -
Q3 2016 136.48 20.6 % - - - -
Q4 2016 80.09 (24.0 %) - - - -
Q1 2017 81.77 (44.5 %) - - - -
Q2 2017 102.30 (30.3 %) - - - -
Q3 2017 112.80 (17.4 %) - - - -
Q4 2017 133.11 66.2 % - - - -
Q1 2018 115.96 41.8 % - - - -
Q2 2018 114.12 11.6 % - - - -
Q3 2018 164.54 45.9 % - - - -
Q4 2018 105.39 (20.8 %) - - - -
Q1 2019 144.39 24.5 % - - - -
Q2 2019 130.55 14.4 % - - - -
Q3 2019 129.38 (21.4 %) - - - -
Q4 2019 125.03 18.6 % - - - -
Q1 2020 134.00 (7.2 %) - - - -
Q2 2020 134.21 2.8 % - - - -
Q3 2020 108.25 (16.3 %) - - - -
Q4 2020 138.66 10.9 % - - - -
Q1 2021 152.15 13.5 % - - - -
Q2 2021 132.69 (1.1 %) - - - -
Q3 2021 161.34 49.1 % - - - -
Q4 2021 146.41 5.6 % - - - -
Q1 2022 177.84 16.9 % (28.61) - (27.25) -
Q2 2022 169.09 27.4 % (6.80) - (5.06) -
Q3 2022 226.74 40.5 % 9.72 - 14.53 -
Q4 2022 257.03 75.6 % (7.23) - (0.71) -
Q1 2023 286.86 61.3 % 2.66 109.3 % 11.31 141.5 %
Q2 2023 223.06 31.9 % 10.96 261.3 % 20.08 497.2 %
Q3 2023 261.34 15.3 % 29.60 204.5 % 40.58 179.3 %
Q4 2023 276.15 7.4 % 3.86 153.4 % 13.53 2005.6 %
Q1 2024 194.36 (32.2 %) 22.90 761.8 % 35.68 215.4 %
Q2 2024 254.73 14.2 % 4.51 (58.8 %) 14.18 (29.4 %)
Q3 2024 258.04 (1.3 %) (4.74) (116.0 %) 5.99 (85.2 %)
Q4 2024 137.58 (50.2 %) (45.02) (1266.5 %) (35.08) (359.2 %)
Q1 2025 202.52 4.2 % 18.52 (19.1 %) 22.43 (37.1 %)
Q2 2025 262.72 3.1 % 10.04 122.4 % 10.25 (27.8 %)
Q3 2025 479.67 85.9 % (62.75) (1,225.2 %) (48.37) (908.1 %)
Q4 2025 - - 3.78 108.4 % 4.04 111.5 %
2025 - - (30.41) (33.7 %) (11.66) (156.1 %)


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Earnings Per Share before unusual items (Riyal) Book Value (BV)
Q1 2016 22.48 0.48 0.48 5.28
Q2 2016 22.48 0.52 0.52 5.52
Q3 2016 22.48 0.51 0.51 5.63
Q4 2016 22.48 0.30 0.30 5.57
Q1 2017 22.48 0.34 0.34 5.71
Q2 2017 22.48 0.43 0.43 5.95
Q3 2017 22.48 0.39 0.39 6.08
Q4 2017 22.48 0.71 0.71 6.14
Q1 2018 22.48 0.60 0.60 6.22
Q2 2018 22.48 0.32 0.32 6.34
Q3 2018 22.48 0.09 0.09 6.22
Q4 2018 22.48 (0.15) (0.15) 6.14
Q1 2019 22.48 (0.19) (0.19) 6.27
Q2 2019 22.48 (0.13) (0.13) 6.36
Q3 2019 22.48 (0.11) (0.11) 6.32
Q4 2019 22.48 0.02 0.02 6.43
Q1 2020 22.48 0.08 0.08 6.39
Q2 2020 22.48 0.28 0.28 6.74
Q3 2020 22.48 0.23 0.23 6.79
Q4 2020 22.48 (0.04) (0.04) 6.53
Q1 2021 22.48 (0.03) (0.03) 6.71
Q2 2021 22.48 (0.61) (0.61) 6.40
Q3 2021 22.48 (1.76) (1.76) 5.06
Q4 2021 22.48 (5.10) (5.10) 1.49
Q1 2022 21.15 (6.97) (6.97) 8.49
Q2 2022 29.10 (4.92) (4.92) 6.06
Q3 2022 29.10 (3.45) (3.45) 6.35
Q4 2022 29.10 (0.32) (0.32) 6.49
Q1 2023 29.10 0.84 0.84 6.61
Q2 2023 29.10 1.31 1.31 6.98
Q3 2023 29.10 1.93 1.93 8.09
Q4 2023 29.10 2.18 2.18 8.74
Q1 2024 29.10 2.92 2.92 9.60
Q2 2024 29.10 2.65 2.65 9.70
Q3 2024 29.10 1.64 1.64 9.80
Q4 2024 29.10 (0.57) (0.57) 8.70
Q1 2025 29.10 (0.95) (0.95) 9.26
Q2 2025 29.10 (1.00) (1.00) 9.30
Q3 2025 29.10 (3.08) (3.08) 7.33
Q4 2025 29.10 (1.41) (1.41) 7.64

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Recurring P/E
Q1 2016 34.32 34.32
Q2 2016 31.91 31.91
Q3 2016 29.16 29.16
Q4 2016 More than 100 More than 100
Q1 2017 More than 100 More than 100
Q2 2017 32.81 32.81
Q3 2017 47.78 47.78
Q4 2017 31.48 31.48
Q1 2018 33.15 33.15
Q2 2018 More than 100 More than 100
Q3 2018 More than 100 More than 100
Q4 2018 NEG NEG
Q1 2019 NEG NEG
Q2 2019 NEG NEG
Q3 2019 NEG NEG
Q4 2019 More than 100 More than 100
Q1 2020 More than 100 More than 100
Q2 2020 More than 100 More than 100
Q3 2020 More than 100 More than 100
Q4 2020 NEG NEG
Q1 2021 NEG NEG
Q2 2021 NEG NEG
Q3 2021 NEG NEG
Q4 2021 NEG NEG
Q1 2022 NEG NEG
Q2 2022 NEG NEG
Q3 2022 NEG NEG
Q4 2022 NEG NEG
Q1 2023 13.16 13.16
Q2 2023 11.88 11.88
Q3 2023 6.96 6.96
Q4 2023 6.31 6.31
Q1 2024 6.34 6.34
Q2 2024 7.22 7.22
Q3 2024 9.10 9.10
Q4 2024 NEG NEG
Q1 2025 NEG NEG
Q2 2025 NEG NEG
Q3 2025 NEG NEG
Q4 2025 NEG NEG

Business Segments - Gross Premium Written (Million)

Compared With The
Period Medical Insurance Comprehensive Motor Insurance property and others Other classes
Q1 2016 44.05 93.72 5.48 4.02
Q2 2016 54.11 76.42 7.00 9.25
Q3 2016 56.28 68.27 4.42 7.51
Q4 2016 32.32 40.46 5.27 2.04
Q1 2017 24.40 46.43 7.04 3.91
Q2 2017 31.56 62.15 3.76 4.82
Q3 2017 35.74 70.23 3.63 3.20
Q4 2017 23.46 92.50 6.69 10.47
Q1 2018 41.55 69.37 3.39 1.65
Q2 2018 38.39 71.16 1.55 3.01
Q3 2018 45.31 111.71 1.29 6.23
Q4 2018 27.50 71.43 3.14 3.33
Q1 2019 34.74 97.59 3.39 8.69
Q2 2019 37.30 88.41 1.55 3.29
Q3 2019 42.71 74.72 7.24 4.71
Q4 2019 24.29 93.98 3.72 3.04
Q1 2020 31.39 85.93 4.56 12.11
Q2 2020 22.86 95.92 6.62 8.81
Q3 2020 34.24 64.45 3.54 6.02
Q4 2020 38.22 92.93 4.60 2.92
Q1 2021 46.31 93.09 5.00 7.75
Q2 2021 34.48 90.85 2.62 4.74
Q3 2021 45.11 100.02 3.80 12.42
Q4 2021 33.59 99.54 9.18 4.11
Q1 2022 58.84 106.95 6.85 5.20
Q2 2022 62.26 92.90 5.96 7.97
Q3 2022 57.21 155.83 - 26.50
Q4 2022 36.89 211.29 - -
Q1 2023 47.46 228.48 10.91 -
Q2 2023 35.52 167.83 19.72 -
Q3 2023 47.30 194.06 19.98 -
Q4 2023 48.81 200.03 27.30 -
Q1 2024 42.68 84.93 66.76 -
Q2 2024 36.62 165.21 52.91 -
Q3 2024 64.65 147.68 45.71 -
Q4 2024 12.16 78.32 47.10 -
Q1 2025 31.94 121.86 48.72 -
Q2 2025 42.15 191.20 29.36 -
Q3 2025 94.72 353.59 31.36 -
Q4 2025 68.04 180.29 26.63 -


Financial Ratios
Current
Market Cap (M Riyal) 198.17
Shares Outstanding (M) 29.10
EPS ( Riyal) (TTM) (1.41)
Book Value (BV) ( Riyal) 7.64
Par Value ( Riyal) 10.00
Recurring P/E Neg
P/E (TTM) NEG
Price/Book 0.89
Return on Average Assets (%) (TTM) (4.18 )
Return on Average Equity (%) (TTM) (17.26 )
Return on Market Cap (%) (18.40 )
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Share Price

Allied Cooperative Insurance Group
6.78
0.08 1.19 %

Allied Cooperative Insurance Group (ACIG)

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