Riyadh – Mubasher: Allied Cooperative Insurance Group (ACIG) turned to net losses valued at SAR 4.15 million in the first half (H1) of 2026, compared to net profits worth SAR 15.11 million in H1-25.
Insurance revenues hiked by 59.90% year-on-year (YoY) to SAR 655.97 million in H1-26 from SAR 410.22 million, according to the financial results.
Loss per share hit SAR 0.14 at the end of June 2026, compared to an earnings per share (EPS) of SAR 0.52 a year earlier. Accumulated losses reached SAR 137.72 million, representing 47.33% of the capital.
In the second quarter (Q2) of 2026, ACIG recorded 910.84% YoY higher net profits at SAR 13.51 million, compared to SAR 1.33 million.
The insurance revenues climbed by 52.57% YoY to SAR 339.383 million in Q2-26 from SAR 222.43 million.
On a quarterly basis, the company turned profitable in Q2-26 against net losses of SAR 17.67 million in Q1-26, while the revenues jumped by 7.19% from SAR 316.59 million.
