| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Insurance Revenues | 145,306 | 114,988 | 26.366 | 136,232 | 6.66 |
| Result of Insurance Services | 45,297 | 17,017 | 166.186 | 24,315 | 86.292 |
| Net Profit (Loss) of The Insurance Results | 9,737 | 9,765 | -0.286 | -1,300 | - |
| Net Profit (Loss) of The Investment Results | 8,046 | 7,767 | 3.592 | 8,606 | -6.507 |
| Net Insurance Financing Expenses | -1,166 | -1,070 | 8.971 | -540 | 115.925 |
| Net Profit (Loss), After Zakat, Attributable To Shareholders | 11,328 | 10,718 | 5.691 | 3,415 | 231.713 |
| Total Comprehensive Income | 11,328 | 10,718 | 5.691 | 3,415 | 231.713 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Insurance Revenues | 406,674 | 328,326 | 23.862 |
| Result of Insurance Services | 92,784 | 60,048 | 54.516 |
| Net Profit (Loss) of The Insurance Results | 4,889 | 23,374 | -79.083 |
| Net Profit (Loss) of The Investment Results | 25,538 | 23,214 | 10.011 |
| Net Insurance Financing Expenses | -2,567 | -2,927 | -12.299 |
| Net Profit (Loss), After Zakat, Attributable To Shareholders | 16,585 | 21,965 | -24.493 |
| Total Comprehensive Income | 19,094 | 21,965 | -13.07 |
| Total Shareholders Equity (after Deducting Minority Equity) | 459,645 | 411,957 | 11.575 |
| Profit (Loss) per Share | 0.41 | 0.55 | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| Accumulated Losses | -5,802 | 1.5 | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the revenues during the current quarter compared to the same quarter of last year is | The insurance revenues during the current quarter increased by SAR 30,318 thousand with an increase of 26.4% compared to same quarter for previous year. This is mainly driven by business growth in group life and property and casualty businesses. |
| 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 Company achieved a net income after zakat of SAR 11,328 thousand during the current quarter compared to SAR 10,718 thousand of the same quarter for the previous year. This was mainly due to the following reasons: |
• Increase of the insurance service result before the reinsurance contracts held during the current quarter by SAR 28,280 thousand, driven by business growth.
• The net expense from reinsurance contracts held during the current quarter SAR 35,560 thousand increased by SAR 28,308 thousand compared to the same quarter for previous year SAR 7,252 thousand, mainly due to the reinsurance share of premiums ceded in for large businesses written during the period.
The overall decrease has been partially offset by an improvement in the following accounts:
• Zakat provision during the current quarter decreased by SAR 685 thousand.
• Net investment income grew during the current quarter by 3.6% and amounted to SAR 8,046 thousand compared to SAR 7,767 thousands in the same quarter for previous year.
Net income after Zakat achieved is SAR 16,585 thousand during the current period compared to SAR 21,965 thousand for the same period last year, with a decrease of 24.5%.
This decrease of net profits was mainly driven by:
• The insurance service result during the current period amounted to SAR 4,889 thousand compared to SAR 23,374 thousand for the same period last year with a decrease of 79.1%.
This decrease of net profits was partly offset by:
• Total investment income amounted to SAR 25,538 thousand during the current period compared to SAR 23,214 thousand for the same period last year, with an increase by 10%.
• Other operating expenses amounted to SAR 11,000 thousand during the current period compared to SAR 16,638 thousand the same period last year, with a decrease by 33.9%.
• The net profit after zakat attributable to shareholders for the current quarter amounted to SAR 11,328 thousand, with a total of 40,000 thousand shares as of 30-09-2025. In comparison, during the same quarter of previous year, the net profit after zakat attributable to shareholders was SAR 10,718 thousand, with the same number of shares, 40,000 thousand shares, as of 30-09-2024.
• The total shareholders’ equity amounted to SAR 459,645 thousand compared to SAR 440,551 thousand for the last year with an increase of 2.5%.
• The total accumulated losses at the end of the current quarter are SAR 5,802 thousand, compared to an accumulated loss of SAR 17,130 thousand for the previous quarter. The total accumulated losses at the end of the current quarter represent (1.5%) of the capital compared to (4.3%) as at end of last quarter.
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.