Riyadh - Mubasher: Al Etihad Cooperative Insurance Company recorded net profits attributable to the shareholders valued at SAR 9.42 million in the first quarter (Q1) of 2026, down 43.43% from SAR 16.66 million in Q1-25.
The insurance revenues climbed by 4.55% year-on-year (YoY) to SAR 301.43 million as of 31 March 2026 from SAR 288.31 million, according to the interim financial results.
Loss per share hit SAR 0.79 in the first three months (3M) of 2026, compared to SAR 0.24 a year earlier.
Al Etihad Cooperative reported accumulated losses amounting to SAR 201.63 million at the end of March 2026, representing 40.30% of the capital.
On a quarterly basis, the company turned profitable in Q1-26 against net losses valued at SAR 1 million in the October-December 2025 period, whereas the revenues fell by 6.77% from SAR 323.35 million.
Last year, the company turned to net losses of SAR 244.44 million when compared to net profits totaling SAR 49.13 million in 2024.
