The Company for Cooperative Insurance (8010) Q1 2026 earnings summary

Executive summary

• Net profit after zakat for Q1 2026 reached SAR 288.6 million, up from SAR 261.7 million year-over-year.

• Total comprehensive income for the period was SAR 288.6 million, with no significant items reclassified to income.

• The Board recommended a 50% capital increase via bonus shares and a 20% cash dividend distribution.

Financial highlights

• Insurance and reinsurance revenue rose to SAR 5.77 billion from SAR 5.12 billion year-over-year.

• Net profit before zakat was SAR 322.5 million, compared to SAR 294.4 million in Q1 2025.

• Basic earnings per share increased to SAR 1.93 from SAR 1.76 year-over-year.

• Total assets grew to SAR 25.04 billion from SAR 21.76 billion at year-end 2025.

• Gross written premiums for Q1 2026 were SAR 7.53 billion, up from SAR 6.55 billion in Q1 2025.

Outlook and guidance

• The company is preparing for a transition to a Risk-Based Capital regime by 2027, aiming to enhance solvency and capital adequacy.

• Management continues to monitor geopolitical risks and their potential impact on financial performance.