Al Alamiya for Cooperative Insurance Company SJSC operates in the Fire, marine, and casualty insurance sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Al Alamiya for Cooperative Insurance Company SJSC with three other
companies in this sector in SAUDI ARABIA :
Al-Ahlia Insurance Company for Cooperative Insurance
(2019
sales of 171.42 million Saudi Arabian Riyals [US$45.70 million]
of which 48%
was Health),
United Cooperative Assurance Company SJSC
(133.75 million Saudi Arabian Riyals [US$35.66 million]
of which 37%
was Motor), and
Gulf General Cooperative Insurance Company SJSC
(186.69 million Saudi Arabian Riyals [US$49.77 million]
of which 53%
was Motor).
Sales Analysis.
Al Alamiya for Cooperative Insurance Company SJSC reported sales of 154.59 million Saudi Arabian Riyals (US$41.21 million)
for the
year ending
December of 2019.
This
represents
a
decrease of 11.9%
versus 2018, when the company's sales were 175.47 million Saudi Arabian Riyals.
Contributing to the drop in overall sales was the 53.4% decline
in Property, from 32.56 million Saudi Arabian Riyals to 15.16 million Saudi Arabian Riyals.
There were also decreases in sales in
Motor (down 10.9% to 84.10 million Saudi Arabian Riyals)
and
Marine (down 30.8% to 7.25 million Saudi Arabian Riyals)
and
Engineering (down 21.8% to 5.48 million Saudi Arabian Riyals)
and
Others (down 19.6% to 6.60 million Saudi Arabian Riyals)
.
However, these declines were partially offset by the increase in sales of
Life-Group (up 63.8% to 15.69 million Saudi Arabian Riyals)
and
Medical (up 143.4% to 4.12 million Saudi Arabian Riyals)
.