Arabian Shield 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 Arabian Shield Cooperative Insurance Company SJSC with three other
companies in this sector in SAUDI ARABIA :
Salama Cooperative Insurance Company SJSC
(2019
sales of 522.12 million Saudi Arabian Riyals [US$139.20 million]
of which 75%
was Vehicles Insurance),
Allied Cooperative Insurance Group
(482.34 million Saudi Arabian Riyals [US$128.59 million]
of which 71%
was Vehicles), and
Wataniya Insurance Company SJSC
(499.20 million Saudi Arabian Riyals [US$133.09 million]
of which 75%
was Motor).
Sales Analysis.
Arabian Shield Cooperative Insurance Company SJSC reported sales of 491.16 million Saudi Arabian Riyals (US$130.94 million)
for the
year ending
December of 2019.
This
represents
an
increase of 11.1%
versus 2018, when the company's sales were 442.25 million Saudi Arabian Riyals.
Despite this increase, sales are still
below the level achieved in 2017, when Arabian Shield Cooperative Insurance Company SJSC
reported sales of 519.76 million Saudi Arabian Riyals.
Sales of Property saw an increase
that was more than double the company's growth rate: sales were up
29.0% in 2019, from
23.33 million Saudi Arabian Riyals to 30.09 million Saudi Arabian Riyals.
Arabian Shield Cooperative Insurance Company SJSC also saw significant increases in sales in
Health (up 17.2% to 374.79 million Saudi Arabian Riyals)
.
Not all segments of Arabian Shield Cooperative Insurance Company SJSC experienced an increase in sales in 2019:
sales of Vehichles fell 35.0% to 41.44 million Saudi Arabian Riyals.