The United Cooperative Insurance Group (ACIG) is one of the leading companies in the cooperative insurance sector within the Saudi financial market. Since its establishment in 2007 in Riyadh, the company has solidified its position by offering a diverse range of insurance products and services that meet the needs of individuals and businesses, such as vehicle insurance, housing, health, travel, and professional liability insurance. With its listing on the Saudi stock market under the trading symbol 8150, ACIG has become a focal point for investors and those interested in the insurance sector, especially amid the rapid developments in the Saudi economy and the significant regulatory support provided by Vision 2030 for the insurance sector.
ACIG is distinguished by its adoption of the cooperative (Takaful) insurance philosophy, where all insured participants share in the distribution of risks, enhancing the company's financial stability and increasing customer trust. In recent years, the insurance sector in Saudi Arabia has witnessed notable growth driven by economic expansion and increased awareness of the importance of insurance, while regulatory bodies have worked to enhance transparency and improve the quality of financial reporting through companies' compliance with international IFRS standards. In this context, ACIG has developed its digital infrastructure and launched innovative electronic applications to facilitate customers' access to insurance services.
In this article, we will comprehensively and in detail review ACIG's financial and administrative performance, with an in-depth analysis of its market position, strategies, challenges it faces, and the latest developments related to it. We will also cover key financial indicators, competition in the sector, and the company's distribution policies, highlighting the impact of recent regulatory developments on its operations. The aim of this review is to provide a complete educational picture that helps the reader understand the dynamics of the company and its stock within the changing Saudi insurance sector.
Historical Overview of the United Cooperative Insurance Group (ACIG)
The United Cooperative Insurance Group (ACIG) was established in 2007, during a pivotal phase in the development of the Saudi insurance sector, as the market began to witness significant transformations towards implementing the cooperative insurance model in response to local regulations and Islamic law. Since its inception, ACIG has focused on providing diverse insurance coverages that meet the needs of individuals and businesses, with a strict commitment to governance standards and ethical practices required by the Saudi regulatory environment. The company's headquarters in the capital, Riyadh, has provided it with a strategic location close to regulatory and banking authorities, facilitating communication with clients from various regions of the Kingdom.
In its early years, ACIG managed to build a strong customer base by offering a comprehensive insurance package that included vehicle insurance, housing, health insurance, professional liability insurance, and other products that meet the needs of the local market across various sectors. Because the company was established in a tightly regulated environment, it has adhered from the outset to the financial solvency and corporate governance standards imposed by the Saudi Arabian Monetary Authority (SAMA) and the Capital Market Authority (CMA).
Over time, ACIG began to develop its products to keep pace with local and global market developments, taking significant steps in digital transformation and adopting the latest insurance technologies, such as launching electronic applications that allow insured individuals to obtain insurance documents and manage their claims remotely. The company has also placed special emphasis on investing in highly experienced human resources in insurance and risk management. All these factors have contributed to enhancing ACIG's position among the leading cooperative insurance companies in the Kingdom and have driven it to achieve stable financial results over the years.
In the last decade, ACIG has interacted with market changes by developing flexible strategies to face renewed challenges, such as intense price competition, changing customer requirements, and regulatory updates. Through these policies, the company has managed to maintain its financial stability and continue its gradual growth while balancing risk management and maximizing shareholder value.
The Concept of Cooperative Insurance and ACIG's Role in the Saudi Market
Cooperative insurance, also known as Takaful insurance, is based on the principle of collective risk-sharing, where a group of individuals or companies come together to form a common fund from which compensation is paid to affected participants. This model differs from traditional commercial insurance in philosophy, as each participant in cooperative insurance is considered a contributor to the fund, rather than just a customer paying premiums to a profit-driven company. This concept aligns with Islamic values, which has encouraged Saudi regulatory bodies to adopt it as a primary model in the Kingdom.
ACIG plays a pivotal role in the Saudi cooperative insurance market, as it is committed to applying the fundamental principles of this model and ensuring the distribution of insurance surpluses among participants according to established regulations. According to local regulations, ACIG is subject to strict oversight by the Saudi Arabian Monetary Authority (SAMA), ensuring its compliance with transparency and fairness standards among the insured. The company also manages the fund's investments according to Sharia-compliant guidelines that ensure a balance between financial returns and ethical obligations.
In the Saudi market, cooperative insurance represents the preferred option for individuals and companies seeking insurance solutions compliant with Islamic law. ACIG is one of the companies that has successfully capitalized on this trend by developing products that meet customers' religious and cultural requirements, such as cooperative health insurance, vehicle insurance, travel insurance, and more. Additionally, the company has adopted fair and flexible pricing policies, enhancing its competitiveness, especially amid the rapid growth of the sector supported by Vision 2030 and government initiatives aimed at enhancing financial inclusion and expanding the insurance base in the Kingdom.
By adopting the cooperative insurance model and continuously developing its products and services, ACIG contributes to achieving financial stability for individuals and companies and enhances the culture of insurance in Saudi society. This philosophy also allows the company to benefit from a diverse customer base and sustainably expand its market reach.
ACIG's Insurance Products and Services Portfolio
The United Cooperative Insurance Group (ACIG) offers a wide range of insurance products that meet the needs of a large segment of customers in the Saudi market. The company's portfolio includes various types of coverages, ranging from individual insurance to corporate insurance, granting it flexibility in targeting different sectors and providing specialized solutions for each category.
Some of the prominent products offered by ACIG include:
1. Vehicle Insurance: This type of insurance is one of the most demanded products in the Saudi market, as it meets the legal and mandatory requirement for vehicle insurance and ensures the protection of drivers and properties. ACIG provides comprehensive coverage against accidents, theft, and damages resulting from natural disasters or injuries.
2. Health Insurance: The company is keen to offer cooperative health insurance programs that cover treatment costs, surgeries, and medications, whether for individuals or companies wishing to provide health coverage for their employees. These coverages are subject to the requirements of the Saudi Health Insurance Council, with the possibility of adding optional benefits that suit customers' needs.
3. Housing and Property Insurance: This product provides protection against risks that residential or commercial properties may face, such as fire, theft, and natural disasters. This service is essential for property owners looking to protect their investments from sudden losses.
4. Travel Insurance: This type of insurance is designed to protect individuals and families while traveling inside and outside the Kingdom, covering risks such as lost luggage, trip cancellations, or emergency health incidents.
5. Professional Liability Insurance: This product serves professionals such as doctors, lawyers, and engineers, providing them coverage against lawsuits or errors arising from professional practice.
ACIG is distinguished by offering advanced electronic services through smartphone applications and digital platforms, allowing customers to manage their documents, submit claims, and inquire about coverages easily and conveniently. The company is committed to continuously developing new products to keep pace with market needs, focusing on service quality and prompt customer response, which gives it a competitive edge in the Saudi insurance sector.
Digital and Technological Transformation in ACIG's Operations
The United Cooperative Insurance Group (ACIG) has witnessed a significant digital transformation in recent years, in line with the government's trends in the Kingdom to enhance the digital economy and develop electronic services across all sectors, especially the insurance sector. ACIG recognized early on the importance of digital transformation not only in improving internal operational efficiency but also in enhancing customer experience and expanding service reach.
In 2024, ACIG launched a comprehensive mobile application that allows customers to manage their insurance documents entirely remotely. Users can issue new documents, renew existing ones, submit claims, track request statuses, and access coverage information with ease. This initiative has contributed to reducing reliance on traditional branches and lowering operational costs, while also enhancing customer satisfaction by providing 24/7 service.
Digital transformation at ACIG has not been limited to applications alone; it has also included the development of the company's internal systems, such as automating underwriting and pricing processes and integrating databases to enable customer data analysis and anticipate future trends. The digital application has also expedited the verification of data accuracy and improved risk management through the reliance on smart analytics.
From a marketing perspective, ACIG has benefited from digital transformation by launching electronic advertising campaigns through social media and enhancing its digital presence, which has helped it reach broader customer segments, especially the youth who prefer electronic solutions. The company has also provided electronic platforms that enable brokers to market and sell insurance products online, thereby enhancing distribution channels.
This digital transformation has led to increased operational efficiency and reduced human errors, allowing the company to respond quickly to regulatory and competitive market changes. Thanks to these efforts, ACIG has become one of the companies referred to in the Saudi insurance sector as a model for successful digital transformation, which gives it a greater ability to adapt to market developments and seize emerging opportunities.
Regulatory Environment and the Impact of IFRS 17 on ACIG
The cooperative insurance sector in Saudi Arabia is subject to a strict regulatory framework led by the Saudi Arabian Monetary Authority (SAMA) and the Capital Market Authority, which ensure the application of the highest standards of transparency, accounting, and protection of the rights of insured individuals and shareholders. One of the most significant regulatory developments that have impacted the operations of the United Cooperative Insurance Group (ACIG) is the implementation of the International Financial Reporting Standard for Insurance Contracts (IFRS 17) starting in 2023.
IFRS 17 represents a radical shift in how insurance companies prepare their financial statements, imposing greater clarity and accuracy in assessing insurance liabilities and presenting business results in a way that reflects the actual reality of risks and returns. For ACIG, compliance with this standard required adjustments to underwriting policies, re-evaluation of technical reserves, and enhancement of internal accounting systems, which has been reflected in the company's financial reports since early 2024.
One of the most notable effects of implementing IFRS 17 is the change in how profits are calculated and how insurance surpluses are distributed. ACIG is now required to disclose in more detail the sources of income, reserve movements, and clarify how operating profits and net income are calculated. The report for the first nine months of 2024 showed a slight increase in the company's net income, indicating ACIG's ability to adapt to the new requirements without jeopardizing its financial stability.
The new regulations also mandated the disclosure of risks associated with long-term insurance contracts and increased transparency in handling claims and compensations. ACIG responded to these requirements by developing internal review systems and intensifying efforts to ensure the accuracy of data provided to shareholders and regulatory bodies.
Additionally, the regulatory environment has encouraged companies to enhance capital efficiency and strengthen financial solvency by reinvesting profits rather than distributing them significantly, which has been reflected in ACIG's distribution policy during 2024 and 2025. Overall, adherence to international standards has contributed to enhancing investor and customer confidence in the company and increasing its competitiveness in the Saudi insurance market.
ACIG's Financial Performance in 2024–2025
The financial performance of the United Cooperative Insurance Group (ACIG) in 2024 and 2025 witnessed relative stability, with moderate growth in revenues and operating profits. This performance reflects the company's ability to adapt to competitive market conditions and regulatory pressures, especially after implementing IFRS 17.
The total written premiums for ACIG in 2024 grew by about 5% compared to 2023, due to expanding the customer base and improving insurance offerings, particularly in health and vehicle insurance products. The company's conservative strategy in risk management and protecting profit margins has helped it maintain stability despite intense price competition in the sector.
In terms of profits, the results for the first nine months of 2024 showed a slight increase in net income before zakat. This was due to the company's success in controlling operating costs, enhancing claims management efficiency, and benefiting from relatively stable investment returns despite fluctuations in financial markets.
By the end of 2025, the company continued to follow a gradual growth policy, with a price-to-earnings (P/E) ratio of approximately 12–14 times, a figure that reflects stable profits compared to risk levels in the sector. The company's market capitalization maintained levels ranging between 1.2 and 1.5 billion Saudi Riyals, based on stock price fluctuations and the number of outstanding shares.
Regarding distributions, ACIG did not announce significant cash distributions during 2024 or 2025, preferring to reinvest profits to enhance financial solvency and improve capital, leading to an annual distribution yield of less than 2%. This approach indicates the company's commitment to a cautious financial policy aimed at securing sustainable long-term growth while maintaining profitability stability and avoiding uncalculated risks.
Overall, financial indicators show that ACIG has succeeded in maintaining its financial balance in a competitive environment, achieving gradual, well-considered growth that serves the interests of both shareholders and customers.
Analysis of ACIG Stock: Price Movement and Market Capitalization
The stock of the United Cooperative Insurance Group (ACIG) is one of the active stocks in the Saudi insurance sector, traded on the Saudi stock market under the symbol 8150. The stock experienced limited fluctuations within a relatively narrow range during 2024 and 2025, reflecting a state of stability in the company's performance and investor confidence in its financial strategy.
At the end of 2025, ACIG's stock closed on December 11 at 8.69 Saudi Riyals, after reaching a level of 9.01 Riyals during the same session. On December 10, 2025, the stock opened at 8.80 Riyals and closed at 8.93 Riyals. This price range between 8.70 and 9.10 Riyals persisted throughout the last months of 2024 and 2025, with the stock not experiencing sharp movements or high volatility, indicating stable supply and demand and the strength of the company's financial fundamentals.
The company's market capitalization depends on the stock price and the number of outstanding shares, estimated between 1.2 and 1.5 billion Saudi Riyals. This classification reflects ACIG's position as a medium-sized company in the Saudi insurance sector. The P/E ratio for the stock has stabilized around 12–14 times by the end of 2025, a level that indicates moderate profit growth and a medium degree of risk compared to sector averages.
Regarding cash distributions, the company has not issued significant distributions in recent years, with the distribution yield being less than 2% of the annual stock price. This is attributed to the company's policy of reinvesting profits and enhancing financial solvency rather than distributing, which aligns with the trends of most cooperative insurance companies in the Kingdom amid increasing capital requirements.
The movement of ACIG's stock exemplifies stocks that combine stability and gradual growth, relying on a diverse customer base and disciplined financial policies. This stability provides an advantage for long-term investors seeking companies with strong fundamentals within the Saudi insurance sector.
Distribution Policy and Capital Management at ACIG
The United Cooperative Insurance Group (ACIG) adopts a conservative financial policy regarding profit distributions and capital management, a policy that aligns with the nature of the insurance sector characterized by high regulatory requirements and complex risk management. In recent years, especially in 2024 and 2025, the company preferred to reinvest a significant portion of its profits rather than distributing them in cash to shareholders.
Financial data shows that the distribution yield on ACIG's stock remained below 2% annually, as the company did not announce significant cash distributions during this period. This policy represents a response to the regulatory controls imposed by the Saudi Arabian Monetary Authority (SAMA), which requires insurance companies to maintain high levels of technical and financial reserves to ensure the company's solvency and its ability to meet its obligations to clients and claims.
Through this policy, ACIG aims to strengthen the capital supporting its operations, providing itself with sufficient flexibility to expand into new products and invest in modern technologies. This policy also allows the company to face any sudden fluctuations in claim volumes or unexpected market changes. This demonstrates the company's commitment to balancing long-term shareholder interests with regulatory requirements.
Moreover, ACIG's capital management policy extends beyond the financial aspect; it also includes developing human competencies, investing in digital infrastructure, and improving the quality of service provided to customers. The company continuously monitors regulatory indicators, such as the capital adequacy ratio and the ratio of technical reserves to written premiums, to ensure compliance with local and international standards.
Additionally, this policy grants the company the ability to enter into future strategic partnerships or respond to acquisition or merger opportunities should they arise. This balanced financial approach enhances the company's stability and increases its attractiveness to investors seeking stable investments in the Saudi insurance sector.
Analysis of the Saudi Insurance Sector and ACIG's Position Among Competitors
The Saudi insurance sector is one of the dynamic sectors that has witnessed rapid development over the last decade, supported by regulatory reforms, increased societal awareness, and the growing need for insurance services due to the growth of the national economy. The sector is characterized by intense competition among more than 20 insurance companies, with market shares distributed among large companies such as Tawuniya Insurance, Bupa Arabia, Allianz, National, and MetLife AIG, in addition to medium-sized companies like ACIG.
ACIG operates within the category of cooperative insurance companies, which rely on distributing risks among the insured rather than the traditional profit-driven model. The company faces strong competition in the most demanded products such as health insurance, vehicle insurance, and professional liability insurance. Bupa Arabia is a leader in health insurance, while Tawuniya and Allianz hold a significant share of the vehicle and general insurance market.
Competition in the sector primarily depends on service quality, claims processing speed, pricing, and product diversity. Major companies have resorted to investing in digital transformation, such as providing services through applications and electronic platforms, and offering discounts and exclusive offers to attract new customers and retain existing ones. ACIG, for its part, has allocated significant resources to develop its digital infrastructure and launched a mobile application that facilitates customers' management of their documents and claims, enhancing its competitiveness in a market increasingly reliant on technology.
In terms of market share, ACIG is considered a medium-sized company, focusing its operations on vehicle, housing, and health insurance products for small and medium enterprises and individuals. Although its share is not the largest, the company has managed to maintain a stable customer base thanks to the flexibility of its products and pricing policies. Sector data indicates that health and cooperative insurance account for about 60% of the total market, while vehicle and property products cover the remaining percentage.
ACIG faces multiple challenges in enhancing its position, such as price competition and evolving regulations, but it continuously works on developing innovative products, improving service quality, and expanding digital distribution channels, providing it with opportunities for sustainable growth in a changing market environment.
Challenges and Future Opportunities for ACIG
The insurance sector in Saudi Arabia faces increasing challenges due to intense competition, regulatory developments, and rapid economic transformations. The United Cooperative Insurance Group (ACIG) faces a set of challenges that require flexible and effective strategies to ensure continuity and growth.
Among the most prominent challenges facing ACIG is fierce price competition, where some companies resort to lowering insurance premiums to attract customers, putting pressure on profit margins. Additionally, regulatory legislation, especially those related to technical reserve requirements and the application of international standards, impose constraints on profit distribution and necessitate careful liquidity management. Furthermore, rising claims in certain products, such as health and vehicle insurance, increase pressure on the company's operating profits.
Conversely, the Saudi economic environment presents significant growth opportunities, especially with the continued implementation of Vision 2030, which supports the expansion of the private sector and increases government spending on health and infrastructure. Additionally, the growing insurance awareness among individuals and companies opens the door to offering new products such as electronic insurance, professional liability insurance, and supplementary insurance.
Promising opportunities also lie in expanding digital services, where ACIG can leverage digital transformation to reach new customer segments and improve operational efficiency. Collaborating with financial brokerage firms and commercial banks may provide the company with additional distribution channels and enhance its marketing capabilities.
ACIG aims to address these challenges by investing in modern technologies, developing human resources, and improving risk management mechanisms. It also closely monitors regulatory changes to ensure rapid adaptation and compliance with new standards. The company's ability to innovate distinctive products and develop high-quality customer services remains key to enhancing its position in the Saudi insurance market in the coming years.
Developments in 2024–2025: Meetings, Technical Updates, and Regulatory Compliance
The United Cooperative Insurance Group (ACIG) witnessed a series of significant developments in management, technology, and compliance with regulatory requirements during 2024 and 2025. The company held its annual general assembly meeting on May 29, 2024, via live streaming, during which it discussed the results of the fiscal year 2023, profit distribution (reserves), and amendments to internal regulations in line with the requirements of the Capital Market Authority. The approval of the agenda items was completed in the second meeting held on June 26, 2024, reflecting the company's commitment to transparency and good governance in managing its operations.
On the technical front, ACIG launched a new mobile application in 2024 designed to facilitate the activation of insurance documents and manage claims electronically. The application allows users to issue insurance documents, track coverage details, and inquire about claims through their mobile phones without the need to visit branches. This development has improved customer experience, reduced operational costs, and increased response speed to market needs.
Regarding regulatory compliance, ACIG has worked on adjusting its accounting and financial policies to align with the requirements of the International Financial Reporting Standard (IFRS 17), which came into effect at the beginning of 2023. This compliance has been reflected in the quality of the company's financial reports, as the amended financial statements in 2024 showed adherence to the new standards, providing greater clarity on income sources, reserves, and methods of calculating operating profits.
In terms of expansion, ACIG has not announced any major acquisition or merger deals by the end of 2025, but it has intensified its efforts to build partnerships with commercial banks and brokerage firms to expand its product range. The company has also shown interest in providing special coverage for both the public and private sectors, enhancing its opportunities to benefit from the accelerating economic growth in the Kingdom.
These developments embody ACIG's commitment to keeping pace with market trends, improving digital infrastructure, and enhancing transparency and regulatory compliance, ensuring the sustainability of its operations and its competitiveness in the Saudi insurance sector.
ACIG's Performance within Vision 2030 and the Role of the Financial Sector
The United Cooperative Insurance Group (ACIG) is at the heart of the strategic transformations taking place in the financial sector in the Kingdom, particularly with the adoption of Vision 2030, which aims to diversify national income sources, enhance financial inclusion, and expand the insurance base in society. The vision has placed the insurance sector among its priorities by enacting supportive legislation, driving investments in health and infrastructure, and increasing mandatory health insurance coverage and professional insurance for individuals and companies.
These trends have contributed to raising demand for various insurance products, with ACIG benefiting from the increasing number of insured individuals, especially in health and housing insurance. Additionally, the increase in government spending on infrastructure projects and the employment of Saudis in both the public and private sectors has created new opportunities for the company in insuring employees and properties.
Moreover, Vision 2030 has enhanced competitiveness in the sector by encouraging companies to undergo digital transformation and improve transparency, prompting ACIG to accelerate the development of its electronic services and adopt international standards in financial reporting. The vision has also encouraged the localization of jobs in the financial sector, driving ACIG to invest in developing Saudi competencies and specialized training programs.
On the other hand, the vision has imposed on insurance companies the necessity to enhance capital efficiency and improve risk management, which has reflected on ACIG's policies regarding reinvesting profits and strengthening financial solvency. The vision has also encouraged companies to collaborate with financial and banking institutions to provide comprehensive and innovative solutions for customers, which is evident in ACIG's efforts to build strategic partnerships with banks and brokerage firms.
Thanks to these factors, ACIG has become more capable of seizing the opportunities presented by Vision 2030 while maintaining its financial stability and enhancing its contribution to the development of the Saudi financial sector.
ACIG's Risk Management Strategy and Its Impact on Profitability
Risk management occupies a central position in the business model of the United Cooperative Insurance Group (ACIG), as the company's success depends on its ability to balance maximizing profits while protecting capital from unexpected risks. The insurance sector inherently requires a high degree of caution in dealing with risks associated with claims, investments, and regulatory changes.
ACIG relies on an integrated risk management system that includes specialized teams in risk assessment, portfolio analysis, and establishing precise underwriting policies. Premium pricing is determined based on statistical models and advanced analytical tools that consider claims history, client category, and the economic environment. The company also adheres to the requirements of the Saudi Arabian Monetary Authority (SAMA) regarding the formation of technical reserves and ensuring capital adequacy.
On the other hand, ACIG invests part of its funds in low-risk financial instruments to ensure stable returns that contribute to covering future liabilities. The company periodically reviews its investment policies to ensure their suitability for market changes and protect capital from sudden fluctuations.
Additionally, the digital transformation in claims and underwriting processes has allowed the company to reduce human errors, improve data quality, and expedite claims processing, positively reflecting on customer satisfaction and reducing the rate of unjustified claims. Furthermore, ACIG continuously monitors operational indicators to identify any negative trends and take necessary corrective actions promptly.
This cautious risk management strategy has enabled ACIG to maintain relatively stable profitability levels in an environment characterized by volatility and intense competition. The company's ability to predict and manage risks efficiently remains one of the key factors supporting the sustainability of its operations and enhancing investor and customer confidence in it.
Evaluating ACIG's Future Amid Economic and Regulatory Changes
The Saudi insurance sector is witnessing significant changes due to ongoing economic and regulatory reforms, directly affecting the future of companies operating within it, including the United Cooperative Insurance Group (ACIG). The Saudi economic environment is characterized by continuous growth, with expectations of increased demand for insurance products due to the expansion of the private sector, rising health expenditures, and the growth of major government projects.
In light of these dynamics, ACIG is expected to continue its gradual growth by relying on its cautious financial strategies and expanding its customer base through the development of new products and the adoption of innovative digital solutions. The company's commitment to international standards and risk management gives it an advantage in maintaining its financial stability, even in the event of economic fluctuations or an increase in claims volume.
On the other hand, the digital transformation in the insurance sector presents significant opportunities for ACIG to enhance operational efficiency, reduce costs, and reach new customer segments, especially among youth and small and medium enterprises. Collaborating with commercial banks and financial brokerage firms may also open new horizons for the company to market its products and increase its market share.
However, the future environment is not without challenges, such as intense price competition, evolving regulations, and rising operational costs. ACIG's future will largely depend on its ability to respond quickly to these challenges, invest in human competencies, and improve the quality of service provided to customers.
Overall, the growth prospects for ACIG remain promising amid ongoing economic and regulatory transformations in the Kingdom, provided that it maintains a balance between growth and risk management and a continuous commitment to best practices in the insurance sector.
Conclusion
In conclusion of this comprehensive analysis, it is clear that the United Cooperative Insurance Group (ACIG) continues to maintain its position as one of the leading medium-sized companies in the cooperative insurance sector in Saudi Arabia. ACIG has successfully achieved financial and administrative stability despite regulatory challenges and intense competition, benefiting from its adoption of digital transformation and the development of innovative products that meet the evolving market needs. It has also demonstrated a high ability to adapt to international standards (such as IFRS 17) and risk management policies, which has preserved its profitability and financial solvency.
With the continued economic growth in the Kingdom and the support of Vision 2030 for the insurance sector, ACIG has promising opportunities for expansion and enhancing its market share, especially amid government trends towards transparency, digital transformation, and localization of jobs. Nevertheless, challenges remain, requiring the company to continue developing its strategies, investing in human capital, and improving service quality.
Finally, it is essential to reiterate the importance of consulting a licensed financial advisor before making any investment decisions related to ACIG stock or other stocks in the insurance sector, given the ongoing market changes and the uniqueness of each investor.
Frequently Asked Questions
The United Cooperative Insurance Group (ACIG) is a Saudi company established in 2007 in Riyadh, operating in the cooperative insurance sector. The company offers a wide range of insurance products for individuals and businesses, including vehicle insurance, housing, health, travel, and professional liability insurance. ACIG is committed to applying cooperative insurance principles in accordance with Islamic law and focuses on distributing risks among the insured, while providing modern electronic services to enhance customer experience.
The stock of the United Cooperative Insurance Group is traded in the Saudi stock market under the symbol 8150. As for the market value, it ranges between 1.2 and 1.5 billion Saudi Riyals by the end of 2025, based on the stock price and the number of outstanding shares. This classification reflects ACIG's position as a medium-sized company within the Saudi insurance sector.
ACIG's stock experienced relative stability in 2024 and 2025, fluctuating between 8.70 and 9.10 Saudi Riyals during the last months. The stock closed on December 11, 2025, at 8.69 Riyals. This stability reflects investor confidence in the company's financial performance and its ability to adapt to sectoral and regulatory challenges.
ACIG adopts a conservative dividend distribution policy, as it did not announce significant cash distributions in 2024 or 2025. The company prefers to reinvest profits to enhance financial solvency and meet capital and reserve requirements imposed by regulatory authorities, leading to an annual distribution yield of less than 2% of the stock price.
Among the key developments were holding general assembly meetings via live streaming, developing a new mobile application for managing insurance documents and claims, and complying with the international IFRS 17 standard in financial reporting. The company also focused on expanding its partnerships with banks and brokerage firms, without announcing any major acquisition or merger deals by the end of 2025.
Cooperative insurance is based on the principle of risk distribution among all participants, where members pay premiums allocated to compensate affected individuals. ACIG applies this concept by managing a shared insurance fund that adheres to Sharia guidelines and is committed to distributing insurance surpluses according to established regulations. The company focuses on transparency and fairness in dealing with all insured individuals.
ACIG competes with major companies such as Tawuniya Insurance, Bupa Arabia, Allianz, National, and MetLife AIG. Competition varies by product, with Bupa leading in health insurance, and Tawuniya and Allianz holding significant shares in vehicle and property insurance. ACIG focuses on providing diverse products and high-quality customer service to enhance its position among competitors.
The implementation of the IFRS 17 international standard forced ACIG to adjust its accounting policies and clarify income sources and reserves in greater detail. This has increased transparency in the company's financial reports and improved disclosure quality for investors while maintaining stable operating profits and capital ratios despite enhanced regulatory requirements.
ACIG faces several challenges, the most prominent of which are intense price competition, rising claims in products such as health and vehicle insurance, and strict technical reserve requirements imposed by regulatory authorities. Additionally, fluctuations in financial markets and investment returns impact the company's profitability, necessitating effective risk management and flexible growth strategies.
As of the end of 2025, ACIG has not announced any major mergers or acquisitions. However, the company is focusing on expanding its partnerships with banks and brokerage firms to facilitate the distribution of its products and is continuously exploring collaboration opportunities with government entities or private companies to provide integrated insurance solutions.
Vision 2030 has boosted growth in the insurance sector by increasing demand for health and housing insurance products, enhancing transparency, and supporting digital transformation. ACIG has benefited from these trends by expanding its customer base, developing digital applications, and improving service quality. The vision has also supported job localization and the development of local competencies within the company.
ACIG is expected to continue its gradual growth by developing new products, adopting innovative digital solutions, and responding quickly to regulatory changes. As demand for insurance increases and customer awareness rises, the company's ability to manage risks and improve service quality will determine its future success in a changing market environment.