Riyadh – Mubasher: Arabian Shield Cooperative Insurance Company announced a net profit after Zakat of SAR 20.54 million for the third quarter (Q3) of 2026, compared to a net loss of SAR 9.37 million in Q3-25.
The company attributed the turnaround to a 41% reduction in insurance service expenses, which fell by SAR 205.17 million.
Insurance revenue for the quarter reached SAR 420.25 million, representing a 13.19% decrease from SAR 484.12 million in the prior-year period.
The company noted this decline was primarily due to lower protection and savings credit insurance for corporate groups. However, insurance service results improved significantly to SAR 127.28 million, versus a loss of SAR 14.02 million a year earlier.
In the first nine months (9M) of 2026, the insurer recorded a net profit of SAR 28.27 million, compared to a net loss of SAR 32.83 million in the previous year.
Total insurance revenue for the nine months stood at SAR 1.22 billion, a 12.48% decrease year-on-year (YoY).
Earnings per share (EPS) was SAR 0.26, compared to a loss per share of SAR 0.12 in 9M-25. Total shareholders' equity increased by 1.90% to reach SAR 1.66 billion.
For the first six months (6M) of 2026, the insurer posted a net profit of SAR 7.73 million, compared to a net loss of SAR 23.46 million in H1-25.
