Allied Cooperative Insurance Group

Allied Cooperative Insurance Group (ACIG) is a Saudi Arabian insurance company specializing in property and casualty (P&C) insurance. It operates under the cooperative insurance model mandated in Saudi Arabia, offering a range of non-life insurance products including motor, property, marine, engineering, and general accident insurance. The company is listed on the Saudi Exchange (Tadawul) under ticker 8150 and is regulated by the Saudi Central Bank (SAMA). ACIG serves both individual and corporate clients, with a focus on the Saudi market.

ACIG generates revenue primarily through insurance premiums collected from policyholders. Its business model involves underwriting risks, collecting premiums, and investing the float until claims are paid. The company's revenue sources are diversified across motor insurance (a mandatory line in Saudi Arabia), property insurance, and other P&C lines. Investment income from its substantial cash holdings (293.33M SAR) also contributes to earnings. The company has experienced strong revenue growth of 68.59% year-over-year, driven by expansion in its core insurance segments.

ACIG operates in the competitive Saudi insurance sector, which is characterized by a large number of players and price competition. The industry is regulated by SAMA, which mandates cooperative insurance principles. ACIG's market capitalization of 168.49M SAR positions it as a smaller player in the sector. Its price-to-book ratio of 0.86 suggests the stock trades below book value, while its EV/EBITDA of 8.69 indicates moderate valuation relative to earnings. The company has a low debt level of 3.44M SAR, providing financial stability.

ACIG's primary customer base includes individuals and businesses in Saudi Arabia. Motor insurance is a key product for retail customers, as it is mandatory for vehicle owners. Corporate clients are served with tailored property, marine, and engineering insurance solutions. The company's geographic market is exclusively Saudi Arabia, with no international operations. Its target audience spans from individual policyholders to small and medium enterprises (SMEs) and large corporations seeking comprehensive insurance coverage.

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