Allied Cooperative Insurance Trims Accumulated Losses to 47.3% of Capital

09:27 AM EDT, 08/12/2026 (MT Newswires) -- Allied Cooperative Insurance (SASE:8150) said Wednesday that its accumulated losses fell to 137.7 million Saudi riyals, equivalent to 47.3% of its capital. The Saudi-listed insurer said the reduction in accumulated losses was driven by higher insurance revenues, increased net investment returns, and a profit from insurance results.