Al-Etihad Cooperative Insurance Co.

Al-Etihad Cooperative Insurance Co. (8170) is a Saudi Arabian insurance provider operating under the cooperative insurance model mandated by the Saudi Arabian Monetary Authority (SAMA). The company offers a range of insurance products including motor, medical, property, and casualty insurance. Headquartered in Riyadh, it serves clients across the Kingdom of Saudi Arabia.

Revenue is generated primarily from insurance premiums collected from policyholders. The company earns income through underwriting profits and investment returns on its float. Key revenue lines include motor insurance (a mandatory line in Saudi Arabia) and medical insurance, which together account for a significant portion of premiums. The company also writes property and casualty policies for corporate clients.

The company competes in the Saudi insurance sector, which is highly fragmented with over 30 listed insurers. Al-Etihad is a smaller player by market cap (291.50M SAR) and has been facing profitability challenges, as evidenced by negative net income in recent quarters and a profit margin of -22.68%. Its price-to-book ratio of 0.77 suggests the market values it below book value, reflecting weak earnings. The sector is regulated by SAMA, which imposes strict solvency and governance standards.

Al-Etihad targets both individual and corporate customers in Saudi Arabia. Individual clients purchase motor and medical insurance, while corporate clients seek group medical, property, and liability coverage. The company's geographic focus is entirely domestic, with no international operations. Given the mandatory nature of motor and health insurance in Saudi Arabia, the company benefits from a captive demand base, but intense competition and low switching costs pressure margins.

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