United Cooperative Assurance Co (SAU:8190) Policy Acquisition Expense : ﷼129.2 Mil (As of Mar. 2024)

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What is United Cooperative Assurance Co Policy Acquisition Expense?

Policy acquisition expense is the expenses incurred by insurance companies in activities such as marketing, advertising, commissions etc. United Cooperative Assurance Co's policy acquisition expense for the three months ended in Mar. 2024 was ﷼28.2 Mil. Its policy acquisition expense for the trailing twelve months (TTM) ended in Mar. 2024 was ﷼129.2 Mil.

United Cooperative Assurance Co Policy Acquisition Expense Historical Data

The historical data trend for United Cooperative Assurance Co's Policy Acquisition Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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United Cooperative Assurance Co Policy Acquisition Expense Chart

United Cooperative Assurance Co Annual Data

Trend

Dec14

Dec15

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Dec20

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Dec23

Policy Acquisition Expense

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9.87

16.52

23.08

69.42

113.11

United Cooperative Assurance Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Policy Acquisition Expense	Get a 7-Day Free Trial															12.13	32.42	37.15	31.41	28.20

United Cooperative Assurance Co Policy Acquisition Expense Calculation

Expenses incurred by insurance companies in activities such as marketing, advertising, commissions etc.

Policy Acquisition Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ﷼129.2 Mil.

United Cooperative Assurance Co (SAU:8190) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » United Cooperative Assurance Co (SAU:8190) » Definitions » Policy Acquisition Expense

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Traded in Other Exchanges

N/A

Address

Prince Saud Al Faisal Street, Al-Mukmal Centre (1st and 4th Floor), P.O. Box 5019, Al Khalidiyah District, Jeddah, SAU, 21422

Website

https://www.uca.com.sa

United Cooperative Assurance Co is a company operating in the insurance sector. Its business is divided into four segments including Medical insurance, Motor Insurance, Energy and engineering insurance, and Other classes. The medical insurance segment covers medical costs, medicines, and all other medical services and supplies. Motor Insurance, provides coverage against losses and liability related to motor vehicles, excluding transport insurance. And Other classes segment covers other classes of insurance including property, marine, cargo, aviation, among others. It generates the majority of the revenue from Motor Insurance.

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