The high profits of “Buba Arabia” to 380.2 million riyals in the first quarter

The profits of the Arab Cooperative Insurance Company in the first quarter of 2025 increased by 5.8% to 380.2 million riyals, compared to 359.4 million riyals in the same quarter of last year.
According to the company’s statement on the Saudi Tadawul website, the profit before Zakat and the income tax returned to shareholders during the current quarter reached 443,698 million riyals, compared to 416,123 million riyals compared to the same quarter of the previous year, an increase of 6,63%.
The net profit after zakat and income tax returning to shareholders during the current quarter amounted to 380,232 million riyals compared to 359,423 million riyals compared to the same quarter of the previous year, an increase of 5.79%, due to the following main reasons:
• The results of insurance services during the current quarter amounted to 389,808 million riyals compared to 338,479 million riyals compared to the same quarter of the previous year, an increase of 15.16 %, and this is mainly due to improvements in claim management, in addition to the seasonal effects in the use of claims, especially the progress of the month of Ramadan, which was partially reduced by recognizing the loss factor during the first quarter of 2025.
• The net results of insurance services during the current quarter amounted to 351,186 million riyals compared to 321,601 million riyals compared to the same quarter of the previous year, an increase of 9,20 %, and this is mainly due to improvements in claims management, in addition to the seasonal effects in the use of claims, especially the progress of the month of Ramadan, which was partially reduced by recognizing the loss factor during the first quarter of 2025.
• The net investment results during the current quarter amounted to 186,217 million riyals, compared to 158,144 million riyals compared to the same quarter of the previous year, an increase of 17.75 %.
• The net revenue during the current quarter reached 12,715 million riyals, compared to 12,109 million riyals compared to the same quarter of the previous year, an increase of 5 %.
These positive changes are partially reduced:
• Other operational expenses during the current quarter amounted to 106,420 million riyals compared to 75,731 million riyals compared to the same quarter of the previous year, an increase of 40.52 %, which mainly reflects the continuous investments in operational infrastructure and internal cadres, in addition to the presence of other non -repetitive revenues in the previous year.
Total comprehensive income during the current quarter reached 451,133 million riyals, compared to 300,343 million riyals compared to the same quarter of the previous year, an increase of 50.21 %.
The total number of premiums in the current quarter reached 6,440,958 million riyals, compared to 7,249,442 million riyals compared to the same quarter of the previous year, a decrease of 11,15 %.
The profit before Zakat and the income tax returning to the shareholders during the current quarter reached 443,698 million riyals, compared to 70,311 million riyals compared to the previous quarter, an increase of 531,05 %.
The net profit after zakat and income tax returning to shareholders during the current quarter reached 380,232 million riyals compared to 45,693 million riyals compared to the previous quarter, an increase of 732,14 %, due to the following main reasons:
• The results of insurance services during the current quarter amounted to 389,808 million riyals, compared to losses in the amount of 19,702 million riyals compared to the previous quarter, an increase of 2,078.52 %, and this is mainly due to the seasonal effects in the use of claims.
• The net results of insurance services during the current quarter amounted to 351,186 million riyals, compared to losses of 44,617 million riyals compared to the previous quarter, an increase of 887.11 %, and this is mainly due to the seasonal effects in the use of claims.
• The net investment results during the current quarter amounted to 186,217 million riyals, compared to 157,686 million riyals compared to the previous quarter, an increase of 18.09 %.
• The net revenue during the current quarter reached 12,715 million riyals, compared to 12,403 million riyals compared to the previous quarter, an increase of 2.52 %.
These positive changes are partially reduced:
• The operational expenses during the current quarter amounted to 106,420 million riyals compared to 55,161 million riyals compared to the previous quarter, an increase of 92.93%, which mainly reflects the season of operational expenses.
The total comprehensive income during the current quarter reached 451,133 million riyals compared to losses of 101,659 million riyals compared to the previous quarter, an increase of 543,77 %.
The total number of installments in the current quarter reached 6,440,958 million riyals, compared to 3,346,539 million riyals compared to the previous quarter, an increase of 92.47%.