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Arabia Insurance Cooperative Co. announces its Interim Financial Results for the period ending on 2025-03-31 ( Three Months )

8160
AICC
-1.31 %
1446/11/13     11/05/2025 08:02:16

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Insurance Revenues 171,473198,271-13.515162,1585.744
Result of Insurance Services 43,54561,028-28.64740,6377.156
Net Profit (Loss) of The Insurance Results -1,9495,983--4,185-53.428
Net Profit (Loss) of The Investment Results 9,2229,234-0.1299,935-7.176
Net Insurance Financing Expenses -1,091-1,824-40.186-1,168-6.592
Net Profit (Loss), After Zakat, Attributable To Shareholders 4,4487,836-43.236-4,472-
Total Comprehensive Income 7,0929,261-23.428,270-14.244
All figures are in (Thousands) Saudi Arabia, Riyals


Element ListCurrent PeriodSimilar period for previous year%Change
Total Shareholders Equity (after Deducting Minority Equity) 612,030569,1727.529
Profit (Loss) per Share 0.080.15
All figures are in (Thousands) Saudi Arabia, Riyals


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


Element ListExplanation
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.

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.

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