Announcement • May 22
Chubb Arabia Cooperative Insurance Company, Annual General Meeting, Jun 16, 2026 Chubb Arabia Cooperative Insurance Company, Annual General Meeting, Jun 16, 2026, at 18:30 Arab Standard Time. Location: khobar Saudi Arabia Reported Earnings • May 17
First quarter 2026 earnings released: EPS: ر.س0.07 (vs ر.س0.074 in 1Q 2025) First quarter 2026 results: EPS: ر.س0.07. Revenue: ر.س101.4m (up 5.5% from 1Q 2025). Net income: ر.س2.99m (up 1.2% from 1Q 2025). Profit margin: 3.0% (down from 3.1% in 1Q 2025). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ر.س19.09, the stock trades at a trailing P/E ratio of 71.9x. Average trailing P/E is 22x in the Insurance industry in Saudi Arabia. Total returns to shareholders of 45% over the past three years. Reported Earnings • Mar 26
Full year 2025 earnings released: EPS: ر.س0.27 (vs ر.س0.41 in FY 2024) Full year 2025 results: EPS: ر.س0.27 (down from ر.س0.41 in FY 2024). Revenue: ر.س393.0m (up 118% from FY 2024). Net income: ر.س10.6m (down 35% from FY 2024). Profit margin: 2.7% (down from 9.0% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. New Risk • Mar 01
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 6.9% 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 Risks Share price has been highly volatile over the past 3 months (6.9% average weekly change). Earnings have declined by 9.0% per year over the past 5 years. Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ر.س16.31, the stock trades at a trailing P/E ratio of 50.4x. Average trailing P/E is 22x in the Insurance industry in Saudi Arabia. Total returns to shareholders of 24% over the past three years. New Risk • Jan 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 6.4% 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 Risks Share price has been highly volatile over the past 3 months (6.4% average weekly change). Earnings have declined by 9.0% per year over the past 5 years. Valuation Update With 7 Day Price Move • Jan 13
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ر.س23.05, the stock trades at a trailing P/E ratio of 71.2x. Average trailing P/E is 20x in the Insurance industry in Saudi Arabia. Total returns to shareholders of 90% over the past three years. Reported Earnings • Nov 06
Third quarter 2025 earnings released: EPS: ر.س0.09 (vs ر.س0.043 in 3Q 2024) Third quarter 2025 results: EPS: ر.س0.09 (up from ر.س0.043 in 3Q 2024). Revenue: ر.س106.2m (up 129% from 3Q 2024). Net income: ر.س3.71m (up 116% from 3Q 2024). Profit margin: 3.5% (down from 3.7% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 09
Second quarter 2025 earnings released: EPS: ر.س0.03 (vs ر.س0.12 in 2Q 2024) Second quarter 2025 results: EPS: ر.س0.03 (down from ر.س0.12 in 2Q 2024). Revenue: ر.س104.4m (up 123% from 2Q 2024). Net income: ر.س1.01m (down 72% from 2Q 2024). Profit margin: 1.0% (down from 7.8% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year and the company’s share price has also increased by 15% per year. Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ر.س36.00, the stock trades at a trailing P/E ratio of 79.5x. Average trailing P/E is 23x in the Insurance industry in Saudi Arabia. Total returns to shareholders of 62% over the past three years. Announcement • Jun 04
Chubb Arabia Cooperative Insurance Company, Annual General Meeting, Jun 25, 2025 Chubb Arabia Cooperative Insurance Company, Annual General Meeting, Jun 25, 2025, at 19:30 Arab Standard Time. Location: khobar Saudi Arabia Reported Earnings • May 15
First quarter 2025 earnings released First quarter 2025 results: Revenue: ر.س54.4m (up 39% from 1Q 2024). Net income: ر.س2.96m (down 48% from 1Q 2024). Profit margin: 5.4% (down from 14% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. New Risk • Apr 12
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 7.4% 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 Risks Share price has been highly volatile over the past 3 months (7.4% average weekly change). Earnings have declined by 10% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (9.0% net profit margin). Announcement • Apr 09
Chubb Arabia Cooperative Insurance Company Announces the End of the Acting Period of the CEO, Abdulaziz Abdelkarim El Khereiji Chubb Arabia Cooperative Insurance Company announced the resolution of its Board of Directors for the end of the acting period of Mr. Abdulaziz Abdelkarim El Khereiji as the acting CEO of Chubb Arabia on 10/05/1446 AH corresponding to 04/03/2025 AD, he will continue to serve as an Executive Board Member. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ر.س37.10, the stock trades at a trailing P/E ratio of 68.3x. Average trailing P/E is 22x in the Insurance industry in Saudi Arabia. Total returns to shareholders of 16% over the past three years. Announcement • Apr 07
Chubb Arabia Cooperative Insurance Company Appoints Kamran Mazhar as CEO on April 6, 2025 On April 6, 2025, Chubb announced the appointment of Kamran Mazhar as Chief Executive Officer for Chubb Arabia Cooperative Insurance Company. He joins Chubb from Liva Insurance where he served as Chief Executive Officer. In his role, Mazhar will lead Chubb Arabia's strategic direction and business operations, focusing on driving profitable growth and strengthening Chubb Arabia's market position in the Kingdom of Saudi Arabia. Mazhar brings 23 years of insurance industry experience and has held leadership roles in Saudi Arabia since 2015. From 2019 to 2023 he led Chubb Arabia and during the 21 years prior held various positions at Chubb companies in Pakistan and Saudi Arabia. Kamran holds an Executive MBA from HEC Paris, a BA in Economics from The University of Texas at Austin, and a Diploma in Insurance from the Chartered Insurance Institute (CII) UK. Reported Earnings • Mar 21
Full year 2024 earnings released: EPS: ر.س0.54 (vs ر.س0.83 in FY 2023) Full year 2024 results: EPS: ر.س0.54 (down from ر.س0.83 in FY 2023). Revenue: ر.س383.4m (up 90% from FY 2023). Net income: ر.س16.3m (down 34% from FY 2023). Profit margin: 4.2% (down from 12% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. New Risk • Feb 25
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 5.0% 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. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 12% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (5.0% average weekly change). Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ر.س43.90, the stock trades at a trailing P/E ratio of 67.8x. Average trailing P/E is 20x in the Insurance industry in Saudi Arabia. Total returns to shareholders of 38% over the past three years. Reported Earnings • Nov 09
Third quarter 2024 earnings released: EPS: ر.س0.06 (vs ر.س0.25 in 3Q 2023) Third quarter 2024 results: EPS: ر.س0.06 (down from ر.س0.25 in 3Q 2023). Revenue: ر.س56.5m (up 100% from 3Q 2023). Net income: ر.س1.72m (down 77% from 3Q 2023). Profit margin: 3.0% (down from 26% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. New Risk • Oct 01
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 7.8% 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 Risks Share price has been highly volatile over the past 3 months (7.8% average weekly change). Earnings have declined by 14% per year over the past 5 years. Announcement • Sep 24
Chubb Arabia Cooperative Insurance Company Appoints Abdulaziz Abdul Karim Al Khereiji as Interim CEO, Effective 1 October 2024 The board members of Chubb Arabia Cooperative Insurance Company assigned, on 22 September, Abdulaziz Abdul Karim Al Khereiji, the Managing Director, as the Interim CEO of the company for six months. Al Khereiji will hold his new position starting from 1 October 2024 to 1 March 2025. The new CEO holds a bachelor's degree in Management Sciences from King Fahd University of Petroleum and Minerals, with more than 24 years of experience in management and entrepreneurship. Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: ر.س0.12 (vs ر.س0.17 in 2Q 2023) Second quarter 2024 results: EPS: ر.س0.12 (down from ر.س0.17 in 2Q 2023). Revenue: ر.س52.7m (down 18% from 2Q 2023). Net income: ر.س3.65m (down 27% from 2Q 2023). Profit margin: 6.9% (down from 7.7% 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 26% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ر.س27.05, the stock trades at a trailing P/E ratio of 30.6x. Average trailing P/E is 23x in the Insurance industry in Saudi Arabia. Total loss to shareholders of 18% over the past three years. Announcement • Jun 05
Chubb Arabia Cooperative Insurance Company, Annual General Meeting, Jun 25, 2024 Chubb Arabia Cooperative Insurance Company, Annual General Meeting, Jun 25, 2024, at 19:00 Arab Standard Time. Location: khobar Saudi Arabia Reported Earnings • May 18
First quarter 2024 earnings released: EPS: ر.س0.19 (vs ر.س0.13 in 1Q 2023) First quarter 2024 results: EPS: ر.س0.19 (up from ر.س0.13 in 1Q 2023). Revenue: ر.س39.2m (down 60% from 1Q 2023). Net income: ر.س5.67m (up 41% from 1Q 2023). Profit margin: 14% (up from 4.1% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Reported Earnings • Mar 29
Full year 2023 earnings released: EPS: ر.س0.83 (vs ر.س0.16 in FY 2022) Full year 2023 results: EPS: ر.س0.83 (up from ر.س0.16 in FY 2022). Revenue: ر.س201.5m (up 46% from FY 2022). Net income: ر.س24.8m (up 428% from FY 2022). Profit margin: 12% (up from 3.4% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Feb 19
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ر.س31.95, the stock trades at a trailing P/E ratio of 73.8x. Average trailing P/E is 17x in the Insurance industry in Saudi Arabia. Total returns to shareholders of 17% over the past three years. New Risk • Feb 14
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 7.2% 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 Risks Share price has been highly volatile over the past 3 months (7.2% average weekly change). Earnings have declined by 32% per year over the past 5 years. Valuation Update With 7 Day Price Move • Dec 26
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ر.س26.50, the stock trades at a trailing P/E ratio of 61.2x. Average trailing P/E is 17x in the Insurance industry in Saudi Arabia. Total returns to shareholders of 22% over the past three years. Reported Earnings • Nov 11
Third quarter 2023 earnings released: EPS: ر.س0.25 (vs ر.س0.013 in 3Q 2022) Third quarter 2023 results: EPS: ر.س0.25 (up from ر.س0.013 in 3Q 2022). Revenue: ر.س28.3m (down 17% from 3Q 2022). Net income: ر.س7.44m (up ر.س7.06m from 3Q 2022). Profit margin: 26% (up from 1.1% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 19
Second quarter 2023 earnings released: EPS: ر.س0.17 (vs ر.س0.025 in 2Q 2022) Second quarter 2023 results: EPS: ر.س0.17 (up from ر.س0.025 in 2Q 2022). Revenue: ر.س63.5m (up 99% from 2Q 2022). Net income: ر.س4.97m (up ر.س4.21m from 2Q 2022). Profit margin: 7.8% (up from 2.4% in 2Q 2022). The increase in margin was 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 77 percentage points per year, which is a significant difference in performance. Reported Earnings • Jul 05
First quarter 2023 earnings released: EPS: ر.س0.13 (vs ر.س0.042 in 1Q 2022) First quarter 2023 results: EPS: ر.س0.13 (up from ر.س0.042 in 1Q 2022). Revenue: ر.س99.9m (up 231% from 1Q 2022). Net income: ر.س4.01m (up 220% from 1Q 2022). Profit margin: 4.0% (down from 4.2% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 1 highly experienced director. 1 independent director (8 non-independent directors). Director & MD Abdulaziz Bin Abdulkarim Al Khereiji was the last director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 09
Third quarter 2022 earnings released Third quarter 2022 results: EPS: ر.س0.046. Revenue: ر.س35.8m (up 7.5% from 3Q 2021). Net income: ر.س1.39m (down 52% from 3Q 2021). Profit margin: 3.9% (down from 8.7% in 3Q 2021). The decrease in margin was driven by higher expenses. Reported Earnings • Aug 24
Second quarter 2022 earnings released: EPS: ر.س0.034 (vs ر.س0.13 in 2Q 2021) Second quarter 2022 results: EPS: ر.س0.034 (down from ر.س0.13 in 2Q 2021). Revenue: ر.س33.8m (flat on 2Q 2021). Net income: ر.س1.02m (down 73% from 2Q 2021). Profit margin: 3.0% (down from 11% in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ر.س18.08, the stock trades at a trailing P/E ratio of 79.1x. Average trailing P/E is 38x in the Insurance industry in Saudi Arabia. Total returns to shareholders of 22% over the past three years. Reported Earnings • May 20
First quarter 2022 earnings released: EPS: ر.س0.068 (vs ر.س0.052 in 1Q 2021) First quarter 2022 results: EPS: ر.س0.068 (up from ر.س0.052 in 1Q 2021). Revenue: ر.س31.5m (up 8.5% from 1Q 2021). Net income: ر.س2.03m (up 30% from 1Q 2021). Profit margin: 6.5% (up from 5.4% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Announcement • May 12
Chubb Arabia Cooperative Insurance Company, Annual General Meeting, May 31, 2022 Chubb Arabia Cooperative Insurance Company, Annual General Meeting, May 31, 2022, at 15:30 Coordinated Universal Time. Agenda: To consider voting on the Board of Directors' report for the fiscal year ended on December 31, 2021; to consider Voting on the auditor/s report on the Company’s accounts for the fiscal year ended on December 31, 2021; to consider Voting on the financial statements for the fiscal year ended on December 31, 2021; to consider Voting on the business and contracts concluded between the company and the Al-Khereiji Real Estate Company; to consider Voting on the business and contracts concluded between the company and the Al-Khereiji Trading and Electronics company; to consider Voting on the business and contracts concluded between the company and the General Maintenance Center for cars owned by the International Company for Trade and Contracting Services; and to consider other matters. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 1 highly experienced director. 1 independent director (8 non-independent directors). Director & MD Abdulaziz Bin Abdul Kareem El Khereiji was the last director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Jan 31
Chubb Arabia Cooperative Insurance Company Approves Appointment of Bader Alreziza as Member of Audit Committee Chubb Arabia Cooperative Insurance Company announced at the AGM held on January 27, 2022 that the company approved on appointing (Mr. Bader Alreziza) as an Audit Committee member from outside the board, starting from the date of the assembly until the end of the current committees term of office on 25/07/2024 AD, to succeed the former committee member (Mr. Abdullah Bakhraibah) Independent Audit Committee member. Reported Earnings • Aug 22
Second quarter 2021 earnings released: EPS ر.س0.13 (vs ر.س0.34 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ر.س33.5m (down 9.2% from 2Q 2020). Net income: ر.س3.75m (down 64% from 2Q 2020). Profit margin: 11% (down from 28% in 2Q 2020). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 32% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment improved over the past week After last week's 16% share price gain to ر.س55.00, the stock trades at a trailing P/E ratio of 37.5x. Average trailing P/E is 29x in the Insurance industry in Saudi Arabia. Total returns to shareholders of 140% over the past three years. Reported Earnings • May 30
First quarter 2021 earnings released: EPS ر.س0.078 (vs ر.س0.13 in 1Q 2020) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: ر.س29.0m (up 14% from 1Q 2020). Net income: ر.س1.56m (down 39% from 1Q 2020). Profit margin: 5.4% (down from 10.0% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Reported Earnings • Mar 30
Full year 2020 earnings released: EPS ر.س1.84 (vs ر.س1.47 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ر.س125.6m (up 1.0% from FY 2019). Net income: ر.س36.8m (up 26% from FY 2019). Profit margin: 29% (up from 24% in FY 2019). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Mar 02
New 90-day high: ر.س42.10 The company is up 27% from its price of ر.س33.15 on 02 December 2020. The Saudi market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is down 1.0% over the same period. Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment improved over the past week After last week's 15% share price gain to ر.س39.00, the stock is trading at a trailing P/E ratio of 22.2x, up from the previous P/E ratio of 19.2x. This compares to an average P/E of 28x in the Insurance industry in Saudi Arabia. Total returns to shareholders over the past three years are 60%. Is New 90 Day High Low • Jan 13
New 90-day high: ر.س34.90 The company is up 10.0% from its price of ر.س31.80 on 15 October 2020. The Saudi market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is up 2.0% over the same period. Is New 90 Day High Low • Dec 17
New 90-day high: ر.س35.65 The company is up 20% from its price of ر.س29.80 on 17 September 2020. The Saudi market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is up 1.0% over the same period. Reported Earnings • Nov 11
Third quarter 2020 earnings released: EPS ر.س0.66 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: ر.س28.9m (down 7.4% from 3Q 2019). Net income: ر.س13.2m (up 79% from 3Q 2019). Profit margin: 46% (up from 24% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 30
Market pulls back on stock over the past week After last week's 16% share price decline to ر.س26.60, the stock is trading at a trailing P/E ratio of 16.9x, down from the previous P/E ratio of 20.2x. This compares to an average P/E of 31x in the Insurance industry in Saudi Arabia. Total returns to shareholders over the past three years are 11%. 