ACIG Q1 Profit Rises 44% to SAR 13.9 Mln

Allied Cooperative Insurance Group (ACIG) announced on Sunday a 44.1% increase in net profit after zakat attributable to shareholders during the first quarter, reaching SAR 13.9 million compared to SAR 9.6 million in the same quarter last year. This came after the announcement today of the preliminary financial results for the (three-month) period ending March 31, 2025.

Net insurance profits for the first quarter decreased by 20.2% to SAR 17.7 million, compared to SAR 22.2 million in the same quarter last year.

Total shareholders’ equity (excluding non-controlling interests) for the three-month period reached SAR 269.4 million, compared to SAR 279.3 million in the same period last year, a decrease of 3.5%.

Profits per share for the current period reached SAR 0.48, compared to SAR 0.86 in the same period last year.