The Company for Cooperative Insurance (8010) Q1 2025 earnings summary

Executive summary

• Insurance revenue for Q1 2025 reached SAR 5.12 billion, up from SAR 4.39 billion year-over-year.

• Net profit after zakat for the period was SAR 261.7 million, a 33% increase from SAR 196.7 million in Q1 2024.

• Total assets stood at SAR 19.97 billion as of March 31, 2025.

Financial highlights

• Insurance service result before reinsurance contracts held rose to SAR 737.7 million from SAR 345.7 million year-over-year.

• Net expenses from reinsurance contracts held increased to SAR 447.6 million from SAR 90.0 million year-over-year.

• Basic and diluted EPS was SAR 1.76, up from SAR 1.31 in Q1 2024.

• Gross written premiums for Q1 2025 totaled SAR 6.55 billion, with medical segment contributing SAR 5.3 billion.

Outlook and guidance

• The Board recommended a 15% cash dividend (SAR 1.5 per share, SAR 225 million total), pending General Assembly approval.

• Subsequent to period end, investments at fair value through profit and loss declined by SAR 35.5 million (2.44%).