The Company for Cooperative Insurance (8010) Q4 2025 earnings summary

Executive summary

• Achieved record financial performance in 2025, with net profit after zakat of 1.1 Bn, up 8% year-over-year, and insurance revenue of 21.4 Bn, up 17% year-over-year.

• Gross Written Premiums (GWP) grew 20% to 23.8 Bn, outpacing market growth, driven by strong performance in Health, Mobility, General, and Life Insurance segments.

• Maintained market leadership in the MENA region, expanded digital and ecosystem platforms, and launched Riyadh Re to strengthen reinsurance capacity.

• Embedded ESG and sustainability into strategy, achieving 87% Saudization and 36% female workforce participation.

Financial highlights

• Net profit after zakat: 1,103 Mn (up 7.9% year-over-year).

• Insurance revenue: 21,403 Mn (up 17.1% year-over-year).

• GWP: 23,842 Mn (up 20.3% year-over-year).

• Combined ratio: 97.9% (up 0.1 percentage points year-over-year).

• Return on equity: 22.4%.

• Investment income: 764 Mn (up 12.2% year-over-year).

• EPS: 7.37 (up from 6.82 in 2024).

Outlook and guidance

• Focus on sustaining above-market growth, scaling Riyadh Re, expanding ecosystem subsidiaries, and increasing investment in AI and digital integration.

• Priorities for 2026 include profitable insurance growth, digital transformation, and continued margin protection.

• Market conditions expected to remain dynamic, with regulatory evolution and competitive intensity.