Arabia Insurance Cooperative Co. announces its Interim Financial Results for the period ending on 2025-03-31 ( Three Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Insurance Revenues | 171,473 | 198,271 | -13.515 | 162,158 | 5.744 |
| Result of Insurance Services | 43,545 | 61,028 | -28.647 | 40,637 | 7.156 |
| Net Profit (Loss) of The Insurance Results | -1,949 | 5,983 | - | -4,185 | -53.428 |
| Net Profit (Loss) of The Investment Results | 9,222 | 9,234 | -0.129 | 9,935 | -7.176 |
| Net Insurance Financing Expenses | -1,091 | -1,824 | -40.186 | -1,168 | -6.592 |
| Net Profit (Loss), After Zakat, Attributable To Shareholders | 4,448 | 7,836 | -43.236 | -4,472 | - |
| Total Comprehensive Income | 7,092 | 9,261 | -23.42 | 8,270 | -14.244 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 612,030 | 569,172 | 7.529 |
| Profit (Loss) per Share | 0.08 | 0.15 | |
| 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 | - | - | |
| 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 decrease in insurance revenues during the current quarter compared to the same quarter of the previous year is mainly due to the decrease in insurance revenues in both of the Motor insurance segment and Medical insurance segment, despite the increase in insurance revenues in the Engineering 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 during the current quarter compared to the same quarter of the previous year is mainly due to the decrease in net insurance result by approximately SAR 7.9 million and other income by approximately SAR 1.6 million, despite the decrease in other operating expenses by approximately SAR 5.1 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 recognition of net profit after zakat during the current quarter compared to the net loss for the previous quarter is mainly due to the increase in net insurance result by approximately SAR 2.2 million and other income by approximately SAR 1.8 million, in addition to the decrease in other operating expenses by approximately SAR 5.7 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 20 million. |
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