IssuerAnnouncementDetailsV2Portlet
Actions
Amana Cooperative Insurance Co. announces its Interim Financial Results for the period ending on 2025-06-30 ( Six Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Insurance Revenues | 69,531 | 50,359 | 38.07 | 58,145 | 19.582 |
| Result of Insurance Services | 6,687 | 12,513 | -46.559 | 828 | 707.608 |
| Net Profit (Loss) of The Insurance Results | 6,008 | 11,399 | -47.293 | -1,241 | - |
| Net Profit (Loss) of The Investment Results | 3,573 | 4,988 | -28.368 | 3,013 | 18.586 |
| Net Insurance Financing Expenses | 221 | 125 | 76.8 | -206 | - |
| Net Profit (Loss), After Zakat, Attributable To Shareholders | 5,611 | 9,578 | -41.417 | -5,860 | - |
| Total Comprehensive Income | 5,576 | 9,450 | -40.994 | -3,328 | - |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Insurance Revenues | 127,676 | 96,225 | 32.684 |
| Result of Insurance Services | 7,515 | 11,584 | -35.126 |
| Net Profit (Loss) of The Insurance Results | 4,767 | 10,411 | -54.211 |
| Net Profit (Loss) of The Investment Results | 6,586 | 8,443 | -21.994 |
| Net Insurance Financing Expenses | 15 | -175 | - |
| Net Profit (Loss), After Zakat, Attributable To Shareholders | -249 | 1,153 | - |
| Total Comprehensive Income | 2,248 | 11,340 | -80.176 |
| Total Shareholders Equity (after Deducting Minority Equity) | 315,035 | 294,036 | 7.141 |
| Profit (Loss) per Share | -0.01 | 0.27 | |
| 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 | -174,790 | -40.65 | |
| 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 increase in the insurance revenue during the current quarter compared to the same quarter of last year is SAR +19.17 million, this is mainly due from the following net effects: 1) Increase in GWP by SAR +52.6 million 2) Decrease in change in Unearned Premium Reserves by SAR -33.7 million 3) Increase in change in Premium Debtors' Provision by SAR +0.093 million 4) Increase in Expected incurred claims and other service expenses by SAR +0.150 million 5) Increase in CSM recognized for service period by SAR +0.029 million" |
| 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 decrease in the net profit for the current quarter compared to the same quarter of the last year is SAR -3.9 million, this is mainly due from the following net effects: 1) Decrease in Net Insurance service result by SAR -5.3 million 2) Decrease in Net investment income by SAR -1.4 million 3) Increase in Net insurance finance income / (expenses) by SAR +0.095 million 4) Decrease in Other operating income by SAR -1.5 million 5) Decrease in Other operating expenses by SAR 5.3 million 6) Increase in ZAKAT provision Expense by SAR 1 million" |
| The reason of the increase (decrease) in the revenues during the current quarter compared to the previous quarter is | "The increase in the insurance revenue during the current quarter compared to the previous quarter is SAR +11.3 million, this is mainly due from the following net effects: 1) Increase in GWP by SAR +35.9 million 2) Increase in change in Unearned Premium Reserves by SAR -24 million 3) Decrease in change in Premium Debtors' Provision by SAR -0.76 million 4) Increase in Expected incurred claims and other service expenses by SAR +0.150 million 5) Increase in CSM recognized for service period by SAR +0.029 million" |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous quarter is | "The increase in the net profit for the current quarter compared with the previous quarter of the last year is SAR +11.47 million, this is mainly due from the following net effects: 1) Increase in Net Insurance service result by SAR +7.25 million 2) Increase in Net investment income by SAR +0.56 million 3) Increase in Net insurance finance income / (expenses) by SAR +0.42 million 4) Decrease in Other operating income by SAR -0.61 million 5) Decrease in Other operating expenses by SAR 6.37 million 6) Increase in ZAKAT provision Expense by SAR 2.52 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 increase in the insurance revenue for the current period compared with the same period of the last year is SAR +31.45 million, this is mainly due from the following net effects: 1) Increase in GWP by SAR +58.1 million 2) Decrease in change in Unearned Premium Reserves by SAR -29.48 million 3) Increase in change in Premium Debtors' Provision by SAR +2.65 million 4) Increase in Expected incurred claims and other service expenses by SAR +0.150 million 5) Increase in CSM recognized for service period by SAR +0.029 million |
| 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 decrease in the net profit for the current period compared with the same period of the last year is SAR -11.77 million, this is mainly due from the following net effects: 1) Decrease in Net Insurance service result by SAR -5.64 million 2) Decrease in Net investment income by SAR -1.85 million 3) Increase in Net insurance finance income / (expenses) by SAR +0.19 million 4) Decrease in Other operating income by SAR -1.28 million 5) Decrease in Other operating expenses by SAR 0.45 million 6) Increase in ZAKAT provision Expense by SAR 3.64 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) | The external auditors, draw attention to Note 2 to the interim condensed financial statements of the Company with respect to going concern. the Company has generated a net comprehensive income of SAR 2.25 million for the six-month period ended 30 June 2025 (SAR 11.34 million for the six-month period ended 30 June 2024), and as of that date, the Company’s accumulated losses have reached SAR 174.79 million (as at 31 December 2024: SAR 174.54 million), representing 40.65% of the share capital as at 30 June 2025 (as at 31 December 2024: 40.59%). These events and conditions indicate that a material uncertainty exists that may cast significant doubt on the Company’s ability to continue as a going concern. |
| Reclassification of Comparison Items | None |
| Additional Information | None |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
Share
Company Performance
Key Parameters
Last Price 5.92
Net Change -0.15 (-2.47%)
Value Traded (Sar) 942,670.16
Volume Traded 157,789
LoginPortletPopupv2
Actions
AddtoWatchlistv2
Actions