Announcement • May 19
Allied Cooperative Insurance Group, Annual General Meeting, Jun 10, 2026 Allied Cooperative Insurance Group, Annual General Meeting, Jun 10, 2026, at 19:30 Arab Standard Time. Location: riyadh Saudi Arabia Reported Earnings • Mar 21
Full year 2025 earnings released: ر.س1.42 loss per share (vs ر.س0.57 loss in FY 2024) Full year 2025 results: ر.س1.42 loss per share (further deteriorated from ر.س0.57 loss in FY 2024). Revenue: ر.س993.2m (up 19% from FY 2024). Net loss: ر.س41.2m (loss widened 150% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 49 percentage points per year, which is a significant difference in performance. New Risk • Dec 18
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Saudi stocks, typically moving 7.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.0% average weekly change). Minor Risk Market cap is less than US$100m (ر.س245.0m market cap, or US$65.3m). Reported Earnings • Nov 07
Third quarter 2025 earnings released: ر.س1.98 loss per share (vs ر.س0.10 profit in 3Q 2024) Third quarter 2025 results: ر.س1.98 loss per share (down from ر.س0.10 profit in 3Q 2024). Revenue: ر.س244.0m (down 7.1% from 3Q 2024). Net loss: ر.س57.6m (down ر.س60.5m from profit in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 4% per year and the company’s share price has also fallen by 4% per year. Announcement • Sep 01
Allied Cooperative Insurance Group announced that it expects to receive SAR 9 million in funding from Diar Al Qimma Investment Co Allied Cooperative Insurance Group announced a private placement to issue 900,000 shares at an issue price of SAR 10 per share for gross proceeds of SAR 9,000,000 on August 31, 2025. The transaction will include participation from new investor Diar Al-Arabia Investment Company will subscribe to all the new shares. The transaction has been approved by Regulatory approval and An extraordinary general meeting will be held to vote on the capital increase proposal. New Risk • May 26
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ر.س367.2m (US$97.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.7% average weekly change). Minor Risk Market cap is less than US$100m (ر.س367.2m market cap, or US$97.9m). Announcement • May 23
Allied Cooperative Insurance Group, Annual General Meeting, Jun 25, 2025 Allied Cooperative Insurance Group, Annual General Meeting, Jun 25, 2025, at 19:15 Arab Standard Time. Location: riyadh Saudi Arabia Reported Earnings • May 14
First quarter 2025 earnings released: EPS: ر.س0.48 (vs ر.س0.86 in 1Q 2024) First quarter 2025 results: EPS: ر.س0.48 (down from ر.س0.86 in 1Q 2024). Revenue: ر.س187.8m (down 22% from 1Q 2024). Net income: ر.س13.9m (down 44% from 1Q 2024). Profit margin: 7.4% (down from 10% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. New Risk • Apr 13
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Saudi stocks, typically moving 7.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 22
Full year 2024 earnings released: ر.س0.57 loss per share (vs ر.س2.18 profit in FY 2023) Full year 2024 results: ر.س0.57 loss per share (down from ر.س2.18 profit in FY 2023). Revenue: ر.س883.4m (down 4.1% from FY 2023). Net loss: ر.س16.5m (down 126% from profit in FY 2023). Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. New Risk • Mar 20
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ر.س371.9m (US$99.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.2% average weekly change). Market cap is less than US$100m (ر.س371.9m market cap, or US$99.1m). New Risk • Feb 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Saudi stocks, typically moving 5.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ر.س17.00, the stock trades at a trailing P/E ratio of 10.3x. Average trailing P/E is 21x in the Insurance industry in Saudi Arabia. Total loss to shareholders of 17% over the past three years. New Risk • Nov 15
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ر.س374.8m (US$99.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 06
Third quarter 2024 earnings released: EPS: ر.س0.10 (vs ر.س1.11 in 3Q 2023) Third quarter 2024 results: EPS: ر.س0.10 (down from ر.س1.11 in 3Q 2023). Revenue: ر.س251.8m (down 1.4% from 3Q 2023). Net income: ر.س2.93m (down 91% from 3Q 2023). Profit margin: 1.2% (down from 13% in 3Q 2023). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 09
Second quarter 2024 earnings released: EPS: ر.س0.10 (vs ر.س0.36 in 2Q 2023) Second quarter 2024 results: EPS: ر.س0.10 (down from ر.س0.36 in 2Q 2023). Revenue: ر.س215.7m (down 12% from 2Q 2023). Net income: ر.س2.89m (down 73% from 2Q 2023). Profit margin: 1.3% (down from 4.3% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ر.س15.62, the stock trades at a trailing P/E ratio of 5.4x. Average trailing P/E is 22x in the Insurance industry in Saudi Arabia. Total loss to shareholders of 46% over the past three years. Announcement • May 31
Allied Cooperative Insurance Group, Annual General Meeting, Jun 25, 2024 Allied Cooperative Insurance Group, Annual General Meeting, Jun 25, 2024, at 18:30 Arab Standard Time. Location: riyadh Saudi Arabia Reported Earnings • May 21
First quarter 2024 earnings released First quarter 2024 results: Revenue: ر.س220.2m (down 4.1% from 1Q 2023). Net income: ر.س25.0m (up ر.س21.5m from 1Q 2023). Profit margin: 11% (up from 1.5% in 1Q 2023). The increase in margin was driven by lower expenses. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ر.س21.30, the stock trades at a trailing P/E ratio of 9.8x. Average trailing P/E is 23x in the Insurance industry in Saudi Arabia. Total loss to shareholders of 27% over the past three years. Reported Earnings • Mar 30
Full year 2023 earnings released: EPS: ر.س2.18 (vs ر.س0.47 loss in FY 2022) Full year 2023 results: EPS: ر.س2.18 (up from ر.س0.47 loss in FY 2022). Revenue: ر.س995.1m (up 56% from FY 2022). Net income: ر.س63.4m (up ر.س76.7m from FY 2022). Profit margin: 6.4% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ر.س18.10, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 21x in the Insurance industry in Saudi Arabia. Total loss to shareholders of 37% over the past three years. Announcement • Feb 22
Allied Cooperative Insurance Group Appoints Abdullah Bin Ibrahim Al-Ibrahim as an Independent Member Allied Cooperative Insurance Group announced the Board of Directors’ dated February 20, 2024 appointing Dr. Abdullah bin Ibrahim Al-Ibrahim as an independent member in the vacant seat on the Board of Directors, conditional on the Insurance Authority’s non-objection. Membership Type: Independent. Membership Start Date is 2024-02-20 Corresponding to 1445-08-10 Brief Resume of the Appointed Member The doctor worked as an expert in systems, regulations, and policies in a number of regulatory and supervisory bodies, and an advisor to their decision makers. He worked on studying a number of systems, regulations, and policies in many fields, and expressing his opinion on them. He also worked in the field of compliance, governance and risks, and supervised the committees in the entities, which was reflected in improving their performance. He also participated in membership in a number of executive committees. He holds a doctorate in regulations “international commercial law” with honors from Imam Muhammad bin Saud Islamic University in the field of international contracts, and was preceded by obtaining a master’s degree in regulations “law” in the decision-making mechanism of councils in regulatory bodies. He obtained a university degree from the College of Sharia from Imam Muhammad bin Saud University. The date of the approval by other official authorities Appointment of Dr. Abdullah bin Ibrahim Al-Ibrahim as an independent member of the Board of Directors, conditional on obtaining a non-objection from the Insurance Authority. Announcement • Feb 19
Allied Cooperative Insurance Group Announces Resignation of Khalid Bin Majid Al-Rasheed from the Board Allied Cooperative Insurance Group announced the resignation of Board Member Dr. Khalid bin Majid Al-Rasheed. Resignation Effective Dat: February 19, 2024. Reported Earnings • Nov 15
Third quarter 2023 earnings released: EPS: ر.س1.11 (vs ر.س0.001 in 3Q 2022) Third quarter 2023 results: EPS: ر.س1.11 (up from ر.س0.001 in 3Q 2022). Revenue: ر.س255.4m (up 51% from 3Q 2022). Net income: ر.س32.3m (up ر.س32.3m from 3Q 2022). Profit margin: 13% (up from 0% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 36% per year, which means it is significantly lagging earnings. New Risk • Oct 10
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ر.س373.6m (US$99.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company. Reported Earnings • Jul 07
First quarter 2023 earnings released: EPS: ر.س0.12 (vs ر.س1.14 loss in 1Q 2022) First quarter 2023 results: EPS: ر.س0.12 (up from ر.س1.14 loss in 1Q 2022). Revenue: ر.س229.3m (up 56% from 1Q 2022). Net income: ر.س3.54m (up ر.س34.0m from 1Q 2022). Profit margin: 1.5% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Board Change • Nov 16
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 5 new directors. 4 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). Chairman of the Board Yasser Bin Al Jarallah is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Nov 08
Third quarter 2022 earnings released: EPS: ر.س0.035 (vs ر.س2.03 loss in 3Q 2021) Third quarter 2022 results: EPS: ر.س0.035 (up from ر.س2.03 loss in 3Q 2021). Revenue: ر.س153.7m (up 22% from 3Q 2021). Net income: ر.س1.03m (up ر.س29.7m from 3Q 2021). Profit margin: 0.7% (up from net loss in 3Q 2021). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 23
Second quarter 2022 earnings released: ر.س0.23 loss per share (vs ر.س0.52 loss in 2Q 2021) Second quarter 2022 results: ر.س0.23 loss per share (up from ر.س0.52 loss in 2Q 2021). Revenue: ر.س142.1m (up 14% from 2Q 2021). Net loss: ر.س6.63m (loss narrowed 9.5% from 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 114 percentage points per year, which is a significant difference in performance. Announcement • Aug 22
Allied Cooperative Insurance Group Announces the Formation of the Sharia Committee Allied Cooperative Insurance Group announced the formation of the Sharia Committee based on Board of Directors meeting which was held on August 17, 2022. The formation has been approved according to the following committee members: Sheikh Ph.d, Yousef Abdullah Al Shubali, Higher Institute of the Judiciary. Sheikh Ph.d, Mohammed Abdullah Al Amar, Higher Institute of the Judiciary. Sheikh Ph.d, Ibrahim Abdullah Al Ibrahim, Former member of Shura Council. Lawyer Ph.d, Khalid Majid Al Rasheed Al Amro, Member of the Board of Directors. Announcement • Aug 19
Allied Cooperative Insurance Group Announces Appointment of Mr. Mohammad Abdullah Al-Gadhi as CEO Allied Cooperative Insurance Group appointed Mr. Mohammad Abdullah Al-Gadhi as CEO effective August 18, 2022. Mr. Mohammad Abdullah Al-Gadhi has been the head of operations and technical affairs for the company since 2012. He also held several technical and administrative positions, including the regional director for the central region in the Tawuniya Cooperative Insurance Company, and he has experience in the insurance field for more than fifteen years. He holds a Bachelor's degree in Business Administration from King Saud University, in addition to many professional certificates in the field of insurance and marketing. Announcement • Jun 30
Allied Cooperative Insurance Group, Annual General Meeting, Jul 25, 2022 Allied Cooperative Insurance Group, Annual General Meeting, Jul 25, 2022, at 17:00 Coordinated Universal Time. Location: ACIG Head office, Heteen area – prince Turki bin Abdulaziz Alawal Road Riyadh Saudi Arabia Reported Earnings • May 27
First quarter 2022 earnings released: ر.س2.10 loss per share (vs ر.س0.15 profit in 1Q 2021) First quarter 2022 results: ر.س2.10 loss per share (down from ر.س0.15 profit in 1Q 2021). Revenue: ر.س132.1m (up 11% from 1Q 2021). Net loss: ر.س29.6m (down ر.س31.7m from profit in 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 123 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
Less than half of directors are independent There are 8 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 8 new directors. 4 experienced directors. No highly experienced directors. 2 independent directors (8 non-independent directors). Independent Director Abdullah Al-Rabdi is the most experienced director on the board, commencing their role in 2020. Independent Chairman of the Board Fawaz Muhammad Al-Sharabi was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Apr 04
Full year 2021 earnings released: ر.س7.38 loss per share (vs ر.س0.065 loss in FY 2020) Full year 2021 results: ر.س7.38 loss per share (down from ر.س0.065 loss in FY 2020). Revenue: ر.س467.2m (up 3.1% from FY 2020). Net loss: ر.س104.0m (loss widened ر.س103.1m from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 112 percentage points per year, which is a significant difference in performance. Announcement • Mar 29
Allied Cooperative Insurance Group Announces Appointment of Members of the Board of Directors Allied Cooperative Insurance Group at General Assembly decided to elect the members of the Board of Directors in the five vacant seats starting from the date of the Ordinary General Assembly on March 28, 2022 until the end of the current Board of Directors session on May 17, 2022. The election of the members was voted on by the cumulative voting method, the name Mr. Ali bin Yahya al-Jaafari; Mr. Abdul Rahman bin Hassan Al-Amoudi; Mr. Khalid bin Majid Al-Rasheed; Mr. Fayez bin Saleh bin Mahfouz, representing the Gulf Fortune Holding Company; Mr. Yasser bin Muhammad Al Jarallah, representing the Gulf Fortune Holding Company. Executive Departure • Dec 03
Non-Executive Director Adel Muhammad Jamjoom has left the company On the 29th of November, Adel Muhammad Jamjoom's tenure as Non-Executive Director ended after 1.7 years in the role. We don't have any record of a personal shareholding under Adel Muhammad's name. A total of 3 executives have left over the last 12 months. Reported Earnings • Nov 12
Third quarter 2021 earnings released: ر.س1.89 loss per share (vs ر.س0.21 loss in 3Q 2020) The company reported a soft third quarter result with increased losses and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: ر.س126.0m (up 14% from 3Q 2020). Net loss: ر.س26.6m (loss widened ر.س23.7m from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 107 percentage points per year, which is a significant difference in performance. Executive Departure • Sep 03
President, CEO & Director Hesham Al Shareef has left the company On the 31st of August, Hesham Al Shareef was replaced as CEO by Mohamed Ghadi. As of June 2021, Hesham still personally held only 1.41k shares (ر.س65k worth at the time). A total of 3 executives have left over the last 12 months. Reported Earnings • May 18
First quarter 2021 earnings released: EPS ر.س0.24 (vs ر.س0.16 in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: ر.س114.8m (down 4.3% from 1Q 2020). Net income: ر.س3.37m (up 51% from 1Q 2020). Profit margin: 2.9% (up from 1.9% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Reported Earnings • Mar 25
Full year 2020 earnings released: EPS ر.س0.25 (vs ر.س0.11 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: ر.س460.5m (down 4.5% from FY 2019). Net income: ر.س3.55m (up 106% from FY 2019). Profit margin: 0.8% (up from 0.4% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 18
New 90-day low: ر.س45.55 The company is down 16% from its price of ر.س54.30 on 19 November 2020. The Saudi market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is up 5.0% over the same period. Executive Departure • Feb 18
Independent Chairman of the Board Nouf Saud Elhaqabani has left the company On the 15th of February, Nouf Saud Elhaqabani's tenure in the role of Independent Chairman of the Board ended. As of December 2020, Nouf Saud personally held 12.48k shares (ر.س784k worth at the time). A total of 2 executives have left over the last 12 months. Announcement • Feb 17
Allied Cooperative Insurance Group Announces Board Changes Allied Cooperative Insurance Group Company announces the approval of the Board of Directors on the resignation of the Chairwomen of the Board of Directors, Mrs. Nouf Saud Al-Haqbani from the membership and presidency of the Board of Directors and the committees emanating from it. The BoD would like to thank Mrs.Nouf for her efforts and wishing her all the best. Also, The Board of directors decided to appoint the member of the Board of Directors, Eng. Fawaz Al-Sharabi, as Chairman of the Board of Directors subject to non-objection from the Saudi Central Bank. Is New 90 Day High Low • Jan 01
New 90-day high: ر.س62.80 The company is up 50% from its price of ر.س42.00 on 01 October 2020. The Saudi market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is flat over the same period. Is New 90 Day High Low • Dec 10
New 90-day high: ر.س56.90 The company is up 47% from its price of ر.س38.70 on 10 September 2020. The Saudi market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is up 3.0% over the same period. Is New 90 Day High Low • Nov 16
New 90-day high: ر.س47.80 The company is up 37% from its price of ر.س34.98 on 18 August 2020. The Saudi market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is up 9.0% over the same period. Reported Earnings • Nov 11
Third quarter 2020 earnings released: ر.س0.21 loss per share The company reported a poor third quarter result with increased losses and weaker revenues and control over expenses. Third quarter 2020 results: Revenue: ر.س110.3m (down 5.6% from 3Q 2019). Net loss: ر.س2.95m (loss widened 60% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Sep 29
New 90-day high: ر.س42.00 The company is up 31% from its price of ر.س32.06 on 01 July 2020. The Saudi market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is up 30% over the same period. 