Riyadh — Mubasher: Al Sagr Cooperative Insurance Company reported a net profit after Zakat of SAR 2.93 million for the first nine-month period of 2026, according to a bourse filing.
This result marks a significant recovery compared to a net loss of SAR 53.79 million recorded in 9M-25.
Insurance revenues for the nine-month period reached SAR 461.46 million, a 1.28% increase from SAR 455.61 million in 9M-25.
The turnaround was primarily driven by a sharp improvement in insurance service results, which rose to SAR 514,000 from a loss of SAR 35.53 million.
Additionally, net investment income grew by 38.44% to reach SAR 22.17 million.
Earnings per share stood at SAR 0.10 for the nine-month period, compared to a loss per share of SAR 1.79 previously.
The company reported accumulated losses of SAR 38.54 million as of 30 September 2026, which represented 12.85% of its capital.
For the third quarter (Q3) of 2026, Al Sagr Cooperative Insurance shifted to a net profit of SAR 822,000 from net losses worth SAR 20.53 million in Q3-25.
Quarterly insurance revenues rose by 3.67% year-on-year (YoY) to SAR 157.65 million, supported by higher motor insurance premiums.
