Gulf Union Alahlia Cooperative Insurance Co.

Gulf Union Alahlia Cooperative Insurance Co. (8120) is a Saudi Arabian insurance provider listed on the Saudi Exchange. The company operates under the cooperative insurance model, offering a diversified range of insurance products including motor, medical, property, marine, and general accident insurance. Headquartered in Dammam, it serves both individual and corporate clients across the Kingdom.

The company generates revenue primarily through insurance premiums collected from policyholders. Its business model involves underwriting risks, pooling premiums, and investing the float until claims are paid. Key revenue lines include motor and medical insurance, which are mandatory in Saudi Arabia. The recent decline in revenue (-12.84% YoY) reflects competitive pressures and market adjustments, while a sharp improvement in earnings (+110.50% YoY) indicates cost control and favorable claims experience.

Gulf Union Alahlia operates in the highly competitive Saudi insurance sector, which is regulated by the Saudi Central Bank (SAMA). The sector has seen consolidation and margin compression due to price competition and regulatory changes. The company's market cap of 540.64M SAR and price-to-book of 1.00 suggest it is valued near its net assets. However, negative EV/EBITDA and FCF yield signal operational challenges and cash outflows.

The company's primary customers are Saudi residents and businesses requiring mandatory motor and medical coverage. It also targets commercial clients for property and marine insurance. Its geographic focus is exclusively Saudi Arabia, with a branch network and digital channels serving urban and regional markets. The company's small debt (5.50M SAR) and cash position (95.74M SAR) provide some financial flexibility.

An auto-generated descriptive profile based on company data, for informational purposes only.