8200 · 08/05/2025 08:03:40 · Announcement #87077 · View on Saudi Exchange

Saudi Reinsurance Co. announces its Interim Financial Results for the period ending on 2025-03-31 ( Three Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Insurance Revenues 323,404,012206,944,99756.275305,811,7335.752
Result of Insurance Services 45,726,53387,636,599-47.822-2,184,053-
Net Profit (Loss) of The Insurance Results 39,857,77231,090,19528.21,780,9802,137.968
Net Profit (Loss) of The Investment Results 31,882,76018,344,66873.79822,931,08939.037
Net Insurance Financing Expenses -11,543,836-6,862,73068.21-6,191,44586.448
Net Profit (Loss), After Zakat, Attributable To Shareholders 35,408,25731,792,45711.373-139,478-
Total Comprehensive Income 37,547,27132,639,90115.034-3,226,242-
All figures are in (Actual) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Total Shareholders Equity (after Deducting Minority Equity) 2,068,442,5971,179,461,94075.371
Profit (Loss) per Share 0.310.36
All figures are in (Actual) Saudi Arabia, Riyals
Element ListAmountPercentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value --
Accumulated Losses --
All figures are in (Actual) Saudi Arabia, Riyals
Element ListExplanation
The reason of the increase (decrease) in the revenues during the current quarter compared to the same quarter of last year is The increase is mainly due to the growth of the company's business according to the company's strategy and business plan.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is The reason for the increase in net profit is due to:

- Reinsurance revenue increased by 56%

- Net profit of reinsurance results increased by 28%

- Net investment profit increased by 74%The reason of the increase (decrease) in the revenues during the current quarter compared to the previous quarter is The increase is mainly due to the growth of the company's business according to the company's strategy and business plan.The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous quarter is The reason for the increase in net profit is due to:

- Reinsurance revenue increased by 6%

- Net profit of reinsurance results increased by 2,138 %

- Net investment profit increased by 39%Statement of the type of external auditor's report Unmodified conclusionComment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) NoneReclassification of Comparison Items Certain figures have been reclassified.Additional Information '- Gross written premiums for the current period amounted to SAR 1,742 million compared to SAR 1,191 million of similar period for previous year, an increase of 46%.

The earnings per share (EPS) calculated based on Net Profit after Zakat.

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