Al Sagr Insurance swings to SAR 42.3M profit in 2023; Q4 at SAR 7.3M

19/03/2024 Argaam Exclusive

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Al Sagr Cooperative Insurance Co. reported a net profit of SAR 42.3 million for 2023, versus a net loss of SAR 53.5 million a year earlier.

Financials (Million Riyal)

Item	2022	2023	Change‬
Gross Written Premium (GWP)	475.26	471.50	(0.8 %)
Insurance Revenues	473.35	486.23	2.7 %
Net Profit Before Zakat & Tax	(48.86)	49.50	201.3 %
Net Income	(53.46)	42.30	179.1 %
Average Shares	21.24	21.24	-
Earnings Per Share before unusual items (Riyals)	(2.52)	1.99	179.1 %
EPS (Riyal)	(2.52)	1.99	179.1 %

This was driven by a 3% year-on-year (YoY) rise in insurance revenues as gross earned premium of medical and general accident line of business grew.

Insurance service results for 2023 showed a surplus of SAR 34.93 million as compared to a deficit of SAR 20.91 million for the previous year. Net investment income jumped 4,229% YoY, while general and administrative expenses declined 7% YoY.

Current Quarter Comparison (Million Riyal)

Compared With The

Item	Q4 2022	Q4 2023	Change‬
Gross Written Premium (GWP)	117.52	106.19	(9.6 %)
Insurance Revenues	121.80	121.35	(0.4 %)
Net Profit Before Zakat & Tax	6.41	10.31	61.0 %
Net Income	5.41	7.31	35.3 %
Average Shares	21.24	21.24	-
Earnings Per Share before unusual items (Riyal)	0.25	0.34	35.3 %
EPS (Riyal)	0.25	0.34	35.3 %

Item	Q3 2023	Q4 2023	Change‬
Gross Written Premium (GWP)	125.49	106.19	(15.4 %)
Insurance Revenues	128.90	121.35	(5.9 %)
Net Profit Before Zakat & Tax	19.00	10.31	(45.7 %)
Net Income	18.00	7.31	(59.4 %)
Average Shares	21.24	21.24	-
Earnings Per Share before unusual items (Riyal)	0.85	0.34	(59.4 %)
EPS (Riyal)	0.85	0.34	(59.4 %)

Insurance Operations

Item	2022	2023	Change‬
Gross Written Premium (GWP)	475.26	471.50	(0.8 %)
Insurance Revenues	473.35	486.23	2.7 %
Insurance Services Income	(20.91)	34.93	267.0 %
Investment Income	0.78	33.90	4246.2 %
Net Profit of Insurance Services and Investment	(19.54)	69.84	457.4 %

Q4 2023 net profit rose 35% YoY to SAR 7.3 million.

On a quarterly basis, net profit slumped 59.4% from SAR 18 million.

Total shareholders’ equity, no minority interest, stood at SAR 198.19 million by Dec. 31, 2023, compared to SAR 153.45 million a year earlier.

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Financial results (Million Riyal)

Period	Net Income	Change	EPS(Riyal)	Net Profit Before Zakat & Tax	Change
Q1 2008	-	-	-	-	-
Q2 2008	-	-	-	-	-
Q3 2008	-	-	-	-	-
Q4 2008	-	-	-	-	-
2008	2.45	-	0.12	2.45	-
Q1 2009	0.73	-	0.03	1.98	-
Q2 2009	(4.71)	-	(0.22)	(3.46)	-
Q3 2009	1.12	-	0.05	2.37	-
Q4 2009	(2.73)	-	(0.13)	(1.48)	-
2009	2.91	18.9 %	0.14	7.91	223.0 %
Q1 2010	(0.06)	(107.8 %)	0.00	1.19	(39.9 %)
Q2 2010	2.47	152.4 %	0.12	3.72	207.5 %
Q3 2010	6.96	520.4 %	0.33	8.21	246.1 %
Q4 2010	10.61	489.2 %	0.50	11.86	903.2 %
2010	19.98	585.8 %	0.94	24.98	215.6 %
Q1 2011	1.73	3126.2 %	0.08	2.98	150.2 %
Q2 2011	8.70	252.6 %	0.41	9.95	167.7 %
Q3 2011	11.41	64.1 %	0.54	12.66	54.3 %
Q4 2011	10.19	(4.0 %)	0.48	11.44	(3.6 %)
2011	32.03	60.3 %	1.51	37.03	48.3 %
Q1 2012	2.58	48.7 %	0.12	3.83	28.3 %
Q2 2012	12.70	46.0 %	0.60	13.95	40.3 %
Q3 2012	6.72	(41.1 %)	0.32	7.97	(37.0 %)
Q4 2012	6.12	(39.9 %)	0.29	7.37	(35.5 %)
2012	28.12	(12.2 %)	1.32	33.12	(10.5 %)
Q1 2013	10.55	309.0 %	0.50	13.80	260.4 %
Q2 2013	15.67	23.4 %	0.74	16.92	21.3 %
Q3 2013	13.76	104.7 %	0.65	15.01	88.3 %
Q4 2013	10.62	73.5 %	0.50	11.95	62.1 %
2013	50.60	79.9 %	2.38	57.68	74.1 %
Q1 2014	5.63	(46.6 %)	0.27	7.72	(44.1 %)
Q2 2014	(0.48)	(103.0 %)	(0.02)	1.58	(90.7 %)
Q3 2014	0.76	(94.5 %)	0.04	2.83	(81.1 %)
Q4 2014	6.81	(35.9 %)	0.32	14.44	20.9 %
2014	12.73	(74.9 %)	0.60	26.57	(53.9 %)
Q1 2015	(3.10)	(155.1 %)	(0.15)	0.83	(89.2 %)
Q2 2015	8.58	1901.9 %	0.40	12.82	713.2 %
Q3 2015	26.12	3341.1 %	1.23	30.49	975.7 %
Q4 2015	54.54	700.7 %	2.57	58.44	304.7 %
2015	86.14	576.9 %	4.06	102.58	286.1 %
Q1 2016	68.35	2303.4 %	3.22	72.55	8620.0 %
Q2 2016	55.10	542.3 %	2.59	58.01	352.4 %
Q3 2016	21.83	(16.4 %)	1.03	26.66	(12.6 %)
Q4 2016	6.36	(88.3 %)	0.30	9.59	(83.6 %)
2016	151.44	75.8 %	7.13	166.81	62.6 %
Q1 2017	1.28	(98.1 %)	0.06	5.09	(93.0 %)
Q2 2017	2.29	(95.8 %)	0.11	6.92	(88.1 %)
Q3 2017	5.12	(76.5 %)	0.24	7.53	(71.7 %)
Q4 2017	0.43	(93.2 %)	0.02	2.66	(72.3 %)
2017	7.76	(94.9 %)	0.37	20.85	(87.5 %)
Q1 2018	5.86	359.2 %	0.28	9.27	82.3 %
Q2 2018	(2.20)	(196.2 %)	(0.10)	1.30	(81.3 %)
Q3 2018	4.13	(19.4 %)	0.19	7.83	3.9 %
Q4 2018	(17.72)	(4221.4 %)	(0.83)	(17.72)	(766.7 %)
2018	(9.79)	(226.1 %)	(0.46)	0.82	(96.1 %)
Q1 2019	(2.52)	(143.0 %)	(0.12)	(0.32)	(103.4 %)
Q2 2019	(8.79)	(299.2 %)	(0.41)	(6.39)	(593.0 %)
Q3 2019	(28.04)	(779.9 %)	(1.32)	(25.94)	(431.6 %)
Q4 2019	(8.90)	49.8 %	(0.42)	(7.20)	59.3 %
2019	(48.26)	(392.8 %)	(2.27)	(39.86)	(4975.4 %)
Q1 2020	(60.42)	(2,298.5 %)	(2.85)	(58.42)	(18,203.2 %)
Q2 2020	10.27	216.8 %	0.48	12.27	291.9 %
Q3 2020	(30.74)	(9.6 %)	(1.45)	(29.54)	(13.8 %)
Q4 2020	(31.59)	(254.8 %)	(1.49)	(30.29)	(320.5 %)
2020	(112.48)	(133.1 %)	(5.30)	(105.98)	(165.9 %)
Q1 2021	(41.38)	31.5 %	(1.95)	(39.88)	31.7 %
Q2 2021	(10.52)	(202.4 %)	(0.50)	(9.52)	(177.6 %)
Q3 2021	(17.19)	44.1 %	(0.81)	(18.92)	35.9 %
Q4 2021	(5.38)	83.0 %	(0.25)	(4.38)	85.5 %
2021	(74.47)	33.8 %	(3.51)	(72.70)	31.4 %
Q1 2022	(27.89)	32.6 %	(1.31)	(26.69)	33.1 %
Q2 2022	(35.43)	(236.9 %)	(1.67)	(34.23)	(259.7 %)
Q3 2022	4.46	125.9 %	0.21	5.66	129.9 %
Q4 2022	5.41	200.4 %	0.25	6.41	246.2 %
2022	(53.46)	28.2 %	(2.52)	(48.86)	32.8 %
Q1 2023	10.02	135.9 %	0.47	11.22	142.1 %
Q2 2023	6.97	119.7 %	0.33	8.97	126.2 %
Q3 2023	18.00	303.8 %	0.85	19.00	235.8 %
Q4 2023	7.31	35.3 %	0.34	10.31	61.0 %
2023	42.30	179.1 %	1.99	49.50	201.3 %

Period	Net Income	Change	EPS(Riyal)	Net Profit Before Zakat & Tax	Change
2008	2.45	-	0.12	2.45	-
2009	2.91	18.9 %	0.14	7.91	223.0 %
2010	19.98	585.8 %	0.94	24.98	215.6 %
2011	32.03	60.3 %	1.51	37.03	48.3 %
2012	28.12	(12.2 %)	1.32	33.12	(10.5 %)
2013	50.60	79.9 %	2.38	57.68	74.1 %
2014	12.73	(74.9 %)	0.60	26.57	(53.9 %)
2015	86.14	576.9 %	4.06	102.58	286.1 %
2016	151.44	75.8 %	7.13	166.81	62.6 %
2017	7.76	(94.9 %)	0.37	20.85	(87.5 %)
2018	(9.79)	(226.1 %)	(0.46)	0.82	(96.1 %)
2019	(48.26)	(392.8 %)	(2.27)	(39.86)	(4975.4 %)
2020	(112.48)	(133.1 %)	(5.30)	(105.98)	(165.9 %)
2021	(74.47)	33.8 %	(3.51)	(72.70)	31.4 %
2022	(53.46)	28.2 %	(2.52)	(48.86)	32.8 %
2023	42.30	179.1 %	1.99	49.50	201.3 %

Insurance Operations Performance (Million)

Compared With The

Period	Gross Written Premium (GWP)	Change	Insurance Services Income	Change	Net Profit of Insurance Services and Investment	Change
Q1 2008	-	-	-	-	-	-
Q2 2008	-	-	-	-	-	-
Q3 2008	-	-	-	-	-	-
Q4 2008	-	-	-	-	-	-
2008	-	-	-	-	-	-
Q1 2009	59.99	-	-	-	-	-
Q2 2009	36.47	-	-	-	-	-
Q3 2009	45.16	-	-	-	-	-
Q4 2009	29.35	-	-	-	-	-
2009	170.97	-	-	-	-	-
Q1 2010	79.92	33.2 %	-	-	-	-
Q2 2010	56.25	54.2 %	-	-	-	-
Q3 2010	57.63	27.6 %	-	-	-	-
Q4 2010	45.75	55.9 %	-	-	-	-
2010	239.56	40.1 %	-	-	-	-
Q1 2011	81.27	1.7 %	-	-	-	-
Q2 2011	69.11	22.9 %	-	-	-	-
Q3 2011	52.71	(8.6 %)	-	-	-	-
Q4 2011	31.59	(31.0 %)	-	-	-	-
2011	234.67	(2.0 %)	-	-	-	-
Q1 2012	63.18	(22.3 %)	-	-	-	-
Q2 2012	82.25	19.0 %	-	-	-	-
Q3 2012	105.21	99.6 %	-	-	-	-
Q4 2012	76.59	142.5 %	-	-	-	-
2012	327.22	39.4 %	-	-	-	-
Q1 2013	96.47	52.7 %	-	-	-	-
Q2 2013	66.71	(18.9 %)	-	-	-	-
Q3 2013	65.45	(37.8 %)	-	-	-	-
Q4 2013	34.43	(55.0 %)	-	-	-	-
2013	263.06	(19.6 %)	-	-	-	-
Q1 2014	51.63	(46.5 %)	-	-	-	-
Q2 2014	75.72	13.5 %	-	-	-	-
Q3 2014	59.35	(9.3 %)	-	-	-	-
Q4 2014	53.24	54.6 %	-	-	-	-
2014	239.93	(8.8 %)	-	-	-	-
Q1 2015	126.68	145.4 %	-	-	-	-
Q2 2015	265.90	251.2 %	-	-	-	-
Q3 2015	207.02	248.8 %	-	-	-	-
Q4 2015	264.24	396.4 %	-	-	-	-
2015	863.84	260.0 %	-	-	-	-
Q1 2016	69.49	(45.1 %)	-	-	-	-
Q2 2016	49.64	(81.3 %)	-	-	-	-
Q3 2016	12.70	(93.9 %)	-	-	-	-
Q4 2016	44.18	(83.3 %)	-	-	-	-
2016	176.01	(79.6 %)	-	-	-	-
Q1 2017	92.83	33.6 %	-	-	-	-
Q2 2017	93.18	87.7 %	-	-	-	-
Q3 2017	60.98	380.0 %	-	-	-	-
Q4 2017	82.32	86.3 %	-	-	-	-
2017	329.31	87.1 %	-	-	-	-
Q1 2018	64.14	(30.9 %)	-	-	-	-
Q2 2018	77.64	(16.7 %)	-	-	-	-
Q3 2018	93.80	53.8 %	-	-	-	-
Q4 2018	114.79	39.5 %	-	-	-	-
2018	350.38	6.4 %	-	-	-	-
Q1 2019	105.28	64.1 %	-	-	-	-
Q2 2019	94.00	21.1 %	-	-	-	-
Q3 2019	118.08	25.9 %	-	-	-	-
Q4 2019	138.34	20.5 %	-	-	-	-
2019	455.70	30.1 %	-	-	-	-
Q1 2020	97.51	(7.4 %)	-	-	-	-
Q2 2020	96.99	3.2 %	-	-	-	-
Q3 2020	107.79	(8.7 %)	-	-	-	-
Q4 2020	76.82	(44.5 %)	-	-	-	-
2020	379.11	(16.8 %)	-	-	-	-
Q1 2021	68.76	(29.5 %)	-	-	-	-
Q2 2021	84.48	(12.9 %)	-	-	-	-
Q3 2021	161.84	50.1 %	-	-	-	-
Q4 2021	123.21	60.4 %	-	-	-	-
2021	438.30	15.6 %	-	-	-	-
Q1 2022	113.05	64.4 %	(28.19)	-	(23.04)	-
Q2 2022	112.16	32.8 %	(23.21)	-	(27.03)	-
Q3 2022	132.53	(18.1 %)	(0.24)	-	3.45	-
Q4 2022	117.52	(4.6 %)	30.72	-	27.08	-
2022	475.26	8.4 %	(20.91)	-	(19.54)	-
Q1 2023	114.02	0.9 %	9.45	133.5 %	18.32	179.5 %
Q2 2023	125.79	12.2 %	5.65	124.3 %	14.50	153.7 %
Q3 2023	125.49	(5.3 %)	19.22	8280.0 %	25.58	641.4 %
Q4 2023	106.19	(9.6 %)	14.71	(52.1 %)	25.54	(5.7 %)
2023	471.50	(0.8 %)	34.93	267.0 %	69.84	457.3 %

Period	Gross Written Premium (GWP)	Change	Insurance Services Income	Change	Net Profit of Insurance Services and Investment	Change
2008	-	-	-	-	-	-
2009	170.97	-	-	-	-	-
2010	239.56	40.1 %	-	-	-	-
2011	234.67	(2.0 %)	-	-	-	-
2012	327.22	39.4 %	-	-	-	-
2013	263.06	(19.6 %)	-	-	-	-
2014	239.93	(8.8 %)	-	-	-	-
2015	863.84	260.0 %	-	-	-	-
2016	176.01	(79.6 %)	-	-	-	-
2017	329.31	87.1 %	-	-	-	-
2018	350.38	6.4 %	-	-	-	-
2019	455.70	30.1 %	-	-	-	-
2020	379.11	(16.8 %)	-	-	-	-
2021	438.30	15.6 %	-	-	-	-
2022	475.26	8.4 %	(20.91)	-	(19.54)	-
2023	471.50	(0.8 %)	34.93	267.0 %	69.84	457.3 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Earnings Per Share before unusual items (Riyal)	Book Value (BV)
Q1 2008	-	-	-	-
Q2 2008	-	-	-	-
Q3 2008	-	-	-	-
Q4 2008	-	-	-	-
Q1 2009	21.24	-	-	9.57
Q2 2009	21.24	-	-	9.53
Q3 2009	21.24	-	-	9.48
Q4 2009	21.24	(0.26)	(0.26)	9.55
Q1 2010	21.24	(0.30)	(0.30)	9.35
Q2 2010	21.24	0.04	0.04	9.67
Q3 2010	21.24	0.31	0.31	9.99
Q4 2010	21.24	0.94	0.94	10.50
Q1 2011	21.24	1.02	1.02	10.58
Q2 2011	21.24	1.32	1.32	10.99
Q3 2011	21.24	1.53	1.53	11.52
Q4 2011	21.24	1.51	1.51	12.00
Q1 2012	21.24	1.55	1.55	12.12
Q2 2012	21.24	1.74	1.74	12.72
Q3 2012	21.24	1.52	1.52	13.04
Q4 2012	21.24	1.32	1.32	13.33
Q1 2013	21.24	1.70	1.70	13.82
Q2 2013	21.24	1.84	1.84	14.56
Q3 2013	21.24	2.17	2.17	15.21
Q4 2013	21.24	2.38	2.38	15.71
Q1 2014	21.24	2.15	2.15	15.98
Q2 2014	21.24	1.39	1.39	15.39
Q3 2014	21.24	0.78	0.78	15.40
Q4 2014	21.24	0.60	0.60	15.71
Q1 2015	21.24	0.19	0.19	15.54
Q2 2015	21.24	0.61	0.61	15.41
Q3 2015	21.24	1.81	1.81	16.50
Q4 2015	21.24	4.06	4.06	19.10
Q1 2016	21.24	7.42	7.42	22.25
Q2 2016	21.24	9.61	9.61	24.82
Q3 2016	21.24	9.41	9.41	25.86
Q4 2016	21.24	7.14	7.14	23.96
Q1 2017	21.24	3.98	3.98	24.02
Q2 2017	21.24	1.50	1.50	21.84
Q3 2017	21.24	0.71	0.71	22.09
Q4 2017	21.24	0.43	0.43	22.01
Q1 2018	21.24	0.65	0.65	22.38
Q2 2018	21.24	0.43	0.43	21.45
Q3 2018	21.24	0.39	0.39	21.63
Q4 2018	21.24	(0.47)	(0.47)	20.81
Q1 2019	21.24	(0.86)	(0.86)	20.77
Q2 2019	21.24	(1.17)	(1.17)	20.38
Q3 2019	21.24	(2.69)	(2.69)	18.91
Q4 2019	21.24	(2.27)	(2.27)	18.56
Q1 2020	21.24	(5.00)	(5.00)	15.50
Q2 2020	21.24	(4.10)	(4.10)	16.14
Q3 2020	21.24	(4.23)	(4.23)	14.89
Q4 2020	21.24	(5.30)	(5.30)	13.37
Q1 2021	21.24	(4.40)	(4.40)	11.52
Q2 2021	21.24	(5.38)	(5.38)	11.20
Q3 2021	21.24	(4.74)	(4.74)	10.47
Q4 2021	21.24	(3.51)	(3.51)	9.85
Q1 2022	21.24	(2.87)	(2.87)	8.23
Q2 2022	21.24	(4.04)	(4.04)	6.56
Q3 2022	21.24	(3.03)	(3.03)	6.77
Q4 2022	21.24	(2.52)	(2.52)	7.23
Q1 2023	21.24	(0.73)	(0.73)	7.70
Q2 2023	21.24	1.26	1.26	8.03
Q3 2023	21.24	1.90	1.90	8.87
Q4 2023	21.24	1.99	1.99	9.33

Period	Shares Outstanding (M)	EPS (Riyal)	Earnings Per Share before unusual items (Riyal)	Book Value (BV)
2008	21.24	0.12	0.12	9.53
2009	21.24	0.14	0.14	9.55
2010	21.24	0.94	0.94	10.50
2011	21.24	1.51	1.51	12.00
2012	21.24	1.32	1.32	13.33
2013	21.24	2.38	2.38	15.71
2014	21.24	0.60	0.60	15.71
2015	21.24	4.06	4.06	19.10
2016	21.24	7.13	7.13	23.96
2017	21.24	0.37	0.37	22.01
2018	21.24	(0.46)	(0.46)	20.81
2019	21.24	(2.27)	(2.27)	18.56
2020	21.24	(5.30)	(5.30)	13.37
2021	21.24	(3.51)	(3.51)	9.85
2022	21.24	(2.52)	(2.52)	7.23
2023	21.24	1.99	1.99	9.33

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Recurring P/E
Q1 2008	-	-
Q2 2008	-	-
Q3 2008	-	-
Q4 2008	-	-
Q1 2009	-	-
Q2 2009	-	-
Q3 2009	-	-
Q4 2009	NEG	NEG
Q1 2010	NEG	NEG
Q2 2010	More than 100	More than 100
Q3 2010	More than 100	More than 100
Q4 2010	28.07	28.07
Q1 2011	23.68	23.68
Q2 2011	20.17	20.17
Q3 2011	20.01	20.01
Q4 2011	21.07	21.07
Q1 2012	29.28	29.28
Q2 2012	21.36	21.36
Q3 2012	27.01	27.01
Q4 2012	32.42	32.42
Q1 2013	26.91	26.91
Q2 2013	21.51	21.51
Q3 2013	18.60	18.60
Q4 2013	18.76	18.76
Q1 2014	22.41	22.41
Q2 2014	48.80	48.80
Q3 2014	More than 100	More than 100
Q4 2014	More than 100	More than 100
Q1 2015	More than 100	More than 100
Q2 2015	More than 100	More than 100
Q3 2015	19.05	19.05
Q4 2015	12.77	12.77
Q1 2016	6.07	6.07
Q2 2016	6.01	6.01
Q3 2016	5.91	5.91
Q4 2016	9.22	9.22
Q1 2017	15.73	15.73
Q2 2017	31.15	31.15
Q3 2017	More than 100	More than 100
Q4 2017	More than 100	More than 100
Q1 2018	More than 100	More than 100
Q2 2018	More than 100	More than 100
Q3 2018	More than 100	More than 100
Q4 2018	NEG	NEG
Q1 2019	NEG	NEG
Q2 2019	NEG	NEG
Q3 2019	NEG	NEG
Q4 2019	NEG	NEG
Q1 2020	NEG	NEG
Q2 2020	NEG	NEG
Q3 2020	NEG	NEG
Q4 2020	NEG	NEG
Q1 2021	NEG	NEG
Q2 2021	NEG	NEG
Q3 2021	NEG	NEG
Q4 2021	NEG	NEG
Q1 2022	NEG	NEG
Q2 2022	NEG	NEG
Q3 2022	NEG	NEG
Q4 2022	NEG	NEG
Q1 2023	NEG	NEG
Q2 2023	13.33	13.33
Q3 2023	11.66	11.66
Q4 2023	11.80	11.80

Period	P/E	Recurring P/E
2008	More than 100	More than 100
2009	More than 100	More than 100
2010	28.07	28.07
2011	21.07	21.07
2012	32.42	32.42
2013	18.76	18.76
2014	More than 100	More than 100
2015	12.77	12.77
2016	9.23	9.23
2017	More than 100	More than 100
2018	NEG	NEG
2019	NEG	NEG
2020	NEG	NEG
2021	NEG	NEG
2022	NEG	NEG
2023	11.80	11.80

Business Segments - Gross Premium Written (Million Riyal)

Compared With The

Period	Medical Insurance	Comprehensive Motor Insurance	Property & casualty	Other classes
Q1 2009	-	-	-	-
Q2 2009	-	-	-	-
Q3 2009	32.35	3.09	-	9.72
Q4 2009	20.93	4.15	-	4.27
Q1 2010	44.73	17.31	-	17.88
Q2 2010	36.18	6.26	-	13.81
Q3 2010	42.72	3.87	-	11.04
Q4 2010	32.96	4.60	-	8.18
Q1 2011	53.77	12.93	-	14.58
Q2 2011	46.30	7.08	-	15.73
Q3 2011	40.44	2.68	-	9.58
Q4 2011	20.54	4.31	-	6.92
Q1 2012	32.64	13.34	-	17.19
Q2 2012	56.45	9.42	-	16.38
Q3 2012	87.38	8.07	-	9.76
Q4 2012	62.83	8.14	-	5.62
Q1 2013	62.23	13.30	-	20.94
Q2 2013	44.80	8.73	-	13.18
Q3 2013	43.94	4.02	-	17.49
Q4 2013	26.01	6.07	-	2.35
Q1 2014	23.69	14.51	-	13.44
Q2 2014	32.06	14.94	-	28.71
Q3 2014	37.46	17.58	-	4.32
Q4 2014	33.03	12.77	-	7.44
Q1 2015	88.35	25.27	4.55	8.50
Q2 2015	224.18	13.14	10.31	18.27
Q3 2015	195.57	4.44	0.47	6.54
Q4 2015	241.61	14.80	0.41	7.41
Q1 2016	41.38	20.65	1.78	5.68
Q2 2016	8.90	14.44	9.12	17.18
Q3 2016	3.32	5.30	0.17	3.91
Q4 2016	30.15	8.21	0.29	5.52
Q1 2017	71.85	14.64	1.35	4.98
Q2 2017	64.31	6.08	8.35	14.44
Q3 2017	52.15	6.19	0.19	2.45
Q4 2017	69.17	8.90	0.20	4.04
Q1 2018	42.20	16.48	1.67	3.80
Q2 2018	51.83	9.77	6.70	9.34
Q3 2018	74.85	7.08	6.28	5.60
Q4 2018	104.92	5.89	0.69	3.28
Q1 2019	84.81	12.49	7.98	-
Q2 2019	74.60	11.67	7.73	-
Q3 2019	96.37	7.74	13.97	-
Q4 2019	111.73	19.46	7.16	-
Q1 2020	59.97	28.52	9.02	-
Q2 2020	27.75	61.64	7.60	-
Q3 2020	66.34	18.16	23.29	-
Q4 2020	55.45	15.67	5.70	-
Q1 2021	28.45	36.26	4.04	-
Q2 2021	19.35	58.68	6.46	-
Q3 2021	36.81	99.76	25.26	-
Q4 2021	67.28	39.14	16.79	-
Q1 2022	56.87	50.90	5.28	-
Q2 2022	52.76	49.25	10.15	-
Q3 2022	68.09	35.56	28.87	-
Q4 2022	54.47	55.42	7.63	-
Q1 2023	59.71	45.13	9.18	-
Q2 2023	40.71	67.56	17.52	-
Q3 2023	68.74	23.33	33.42	-
Q4 2023	48.59	48.49	9.11	-

Period	Medical Insurance	Comprehensive Motor Insurance	Property & casualty	Other classes
2009	98.90	29.13	-	42.95
2010	156.59	32.04	-	50.93
2011	161.05	26.82	-	46.80
2012	239.30	38.97	-	48.95
2013	176.98	32.12	-	53.96
2014	126.23	59.79	-	53.91
2015	749.71	57.65	15.75	40.73
2016	83.76	48.61	11.35	32.29
2017	257.47	35.82	10.09	25.92
2018	273.81	39.22	15.33	22.02
2019	367.50	51.36	36.84	-
2020	209.51	123.99	45.61	-
2021	151.89	233.84	52.56	-
2022	232.19	191.14	51.93	-
2023	217.76	184.51	69.23	-

Financial Ratios

	Current
Market Cap (M Riyal)	314.10
Shares Outstanding (M)	30.00
Recurring EPS ( Riyal) (TTM)	(1.16)
Book Value (BV) ( Riyal)	11.48
Par Value ( Riyal)	10.00
Recurring P/E (TTM)	Neg
P/E (TTM)	NEG
Price/Book	0.91
Dividend Yield (%) (Last Year)	-
Return on Average Assets (%) (TTM)	(5.40 )
Return on Average Equity (%) (TTM)	(9.78 )
Return on Market Cap (%)	(9.88 )

Al Sagr Cooperative Insurance Co. (ALSAGR INSURANCE)

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Al Sagr Insurance swings to SAR 42.3M profit in 2023; Q4 at SAR 7.3M

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Financials (Million Riyal)

Current Quarter Comparison (Million Riyal)

Insurance Operations

Financial results (Million Riyal)

Financial results

Insurance Operations Performance (Million)

Insurance Operations Performance

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments - Gross Premium Written (Million Riyal)

Revenue by Business Segment (Latest) 2023 Q4

Financial Ratios

Share Price

Al Sagr Cooperative Insurance Co. (ALSAGR INSURANCE)

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Al Sagr Insurance swings to SAR 42.3M profit in 2023; Q4 at SAR 7.3M

View other reports

Financials (Million Riyal)

Current Quarter Comparison (Million Riyal)

Insurance Operations

Financial results (Million Riyal)

Financial results

Insurance Operations Performance (Million)

Insurance Operations Performance

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments - Gross Premium Written (Million Riyal) Q4 2023

Revenue by Business Segment (Latest) 2023 Q4

Financial Ratios

Share Price

Al Sagr Cooperative Insurance Co. (ALSAGR INSURANCE)

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Business Segments - Gross Premium Written (Million Riyal)