Al Alamiya For Cooperative Insurance Company 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 with three other
companies in this sector in Saudi Arabia:
Metlife American International Group and Arab National Bank Cooperative Insuranc
(2018
sales of 212.20 million Saudi Riyals [US$56.59 million]
of which 75%
was Health Insurance),
Solidarity Saudi Takaful Company JSC
(175.79 million Saudi Riyals [US$46.88 million]
of which 50%
was Health Insurance), and
United Cooperative Assurance Company SJSC
(181.07 million Saudi Riyals [US$48.28 million]
of which 51%
was Motor).
Sales Analysis.
Al Alamiya For Cooperative Insurance Company reported sales of 175.47 million Saudi Riyals (US$46.79 million)
for the
year ending
December of 2018.
This
represents
a
decrease of 3.2%
versus 2017, when the company's sales were 181.31 million Saudi Riyals.
The sales level in 2018 was fairly close to the level five years ago: in 2013, Al Alamiya For Cooperative Insurance Company had sales
of 185.27 million Saudi Riyals.
Contributing to the drop in overall sales was the 29.4% decline
in Others, from 11.65 million Saudi Riyals to 8.22 million Saudi Riyals.
There were also decreases in sales in
Marine (down 8.1% to 10.49 million Saudi Riyals)
and
Medical (down 1.0% to 1.69 million Saudi Riyals)
.
However, these declines were partially offset by the increase in sales of
Motor (up 9.8% to 94.42 million Saudi Riyals)
and
Property (up 0.6% to 32.56 million Saudi Riyals)
and
Life-Group (up 52.5% to 9.58 million Saudi Riyals)
and
Engineering (up 666.8% to 7.02 million Saudi Riyals)
.