Arabia Insurance Cooperative Co. announces its Interim Financial Results for the period ending on 2025-06-30 ( Six Months )

05 August 2025 05:05 AM

AICC 8160 -3.12% 11.17 -0.36

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Insurance Revenues	197,764	169,558	16.635	171,473	15.332
Result of Insurance Services	42,571	48,186	-11.652	43,545	-2.236
Net Profit (Loss) of The Insurance Results	1,963	14,018	-85.996	-1,949	-
Net Profit (Loss) of The Investment Results	10,161	9,527	6.654	9,222	10.182
Net Insurance Financing Expenses	-1,024	-1,615	-36.594	-1,091	-6.141
Net Profit (Loss), After Zakat, Attributable To Shareholders	5,127	13,224	-61.229	4,448	15.265
Total Comprehensive Income	5,152	13,180	-60.91	7,092	-27.354
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Insurance Revenues	369,237	367,829	0.382
Result of Insurance Services	86,116	109,214	-21.149
Net Profit (Loss) of The Insurance Results	13	20,001	-99.935
Net Profit (Loss) of The Investment Results	19,383	18,761	3.315
Net Insurance Financing Expenses	-2,116	-3,439	-38.47
Net Profit (Loss), After Zakat, Attributable To Shareholders	9,574	21,059	-54.537
Total Comprehensive Income	12,244	22,441	-45.439
Total Shareholders Equity (after Deducting Minority Equity)	617,182	582,357	5.98
Profit (Loss) per Share	0.18	0.4
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Amount	Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value	-	-
Accumulated Losses	-	-
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the revenues during the current quarter compared to the same quarter of last year is	The reason behind the increase in insurance revenues during the current quarter compared to the same quarter of the last year is mainly due to the increase in insurance revenues in both of the Motor insurance segment and Engineering insurance segment, despite the decrease in insurance revenues in the Medical insurance segment.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	The reason behind the decrease in net profit after zakat and income tax during the current quarter compared to the same quarter of the last year is mainly due to the decrease in net insurance result by approximately SAR 12.1 million, despite the increase in net investment income by approximately SAR 634 thousand, and the decrease in net insurance finance expenses by approximately SAR 591 thousand, in addition to the decrease in the provision for zakat and income tax by SAR 1.5 million.
The reason of the increase (decrease) in the revenues during the current quarter compared to the previous quarter is	The reason behind the increase in insurance revenues during the current quarter compared to the previous quarter is mainly due to the increase in insurance revenues in the Motor insurance segment.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous quarter is	The reason behind the increase in the net profit after zakat and income tax during the current quarter compared to the previous quarter is mainly due to the increase in net insurance result by approximately SAR 3.9 million, despite the increase in other operating expenses by approximately SAR 3 million.
The reason of the increase (decrease) in the revenues during the current period compared to the same period of the last year is	The reason behind the increase in insurance revenues during the current period compared to the same period of the last year is mainly due to the increase in insurance revenues in the Motor, Engineering, and Others insurance segments, despite the decrease in insurance revenues in the Medical insurance segment.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is	The reason behind the decrease in the net profit after zakat and income tax for the current period compared to the same period of the last year is mainly due to the decrease in net insurance result by approximately SAR 20 million, despite the decrease in net insurance finance expenses by approximately SAR 1.3 million, and the decrease in other operating expenses by approximately SAR 5 million, in addition to the decrease in the provision for zakat and income tax by SAR 1.5 million.
Statement of the type of external auditor's report	Unmodified conclusion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion)	Not Applicable
Reclassification of Comparison Items	Certain prior period figures have been reclassified to conform to the current period presentation.
Additional Information	The earnings per share (EPS) is calculated by dividing the net profit for the period after zakat and income tax attributed to the shareholders by the weighted average number of shares issued. Retained Earnings at the end of the current period amounted to SAR 26.6 million.

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