United Cooperative Assurance Co.

United Cooperative Assurance Co. (UCA) is a Saudi Arabian insurance company listed on the Saudi Exchange under ticker 8190. It operates in the diversified insurance sector, offering a range of insurance products including property, casualty, motor, and health insurance. The company is based in Saudi Arabia and primarily serves the domestic market.

UCA generates revenue primarily through insurance premiums collected from policyholders. Its business model involves underwriting risks and investing premiums in financial instruments. The company's revenue has been volatile, with a significant decline of 54.06% year-over-year, and it has reported negative net income in recent quarters, indicating operational challenges.

The company operates in the highly competitive Saudi insurance industry, which is regulated by the Saudi Central Bank (SAMA). UCA's market capitalization is relatively small at 120.80M SAR, and its financial metrics show distress: negative profit margin (-35.77%), negative EV/EBITDA (-0.54), and a high price-to-book ratio (6.89). The company faces intense competition from larger, more established insurers.

UCA's target customers include individuals and businesses in Saudi Arabia seeking insurance coverage for vehicles, property, health, and other risks. Its geographic focus is exclusively the Saudi market. Given its financial struggles, the company may need to restructure or seek strategic partnerships to remain competitive.

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