The Company for Cooperative Insurance (8010) Q2 2026 earnings summary

Executive summary

• Gross written premiums for the six months ended June 30, 2026, reached SAR 14.53 billion, up from SAR 11.96 billion year-over-year.

• Net profit after zakat for the six months was SAR 611.3 million, compared to SAR 729.1 million in the prior year period.

• The company maintained strong liquidity and solvency, with total assets of SAR 29.7 billion as of June 30, 2026.

Financial highlights

• Insurance and reinsurance revenue for the six months was SAR 12.0 billion, up from SAR 10.3 billion year-over-year.

• Net profit for Q2 2026 was SAR 322.7 million, down from SAR 467.4 million in Q2 2025.

• Basic EPS for the six months was SAR 4.08, compared to SAR 4.86 in the prior year period.

• Total equity attributable to owners increased to SAR 5.67 billion from SAR 5.36 billion at year-end 2025.

Outlook and guidance

• The company is preparing for the adoption of IFRS 18 in 2027, which will impact financial statement presentation but not net profit or net assets.

• Management expects continued growth in gross written premiums and is focused on maintaining strong capital ratios and liquidity.