Gulf Insurance Group announces its Interim Financial Results for the period ending on 2025-09-30 ( Nine Months ) | premargin

Gulf Insurance Group announces its Interim Financial Results for the period ending on 2025-09-30 ( Nine Months )

TadawulNovember 4, 2025View on exchange

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Insurance Revenues	381,958	379,270	0.708	359,189	6.339
Result of Insurance Services	83,537	76,112	9.755	45,783	82.462
Net Profit (Loss) of The Insurance Results	27,858	19,139	45.556	24,190	15.163
Net Profit (Loss) of The Investment Results	28,635	24,291	17.883	21,701	31.952
Net Insurance Financing Expenses	-181	-1,579	-88.537	599	-
Net Profit (Loss), After Zakat, Attributable To Shareholders	34,433	21,811	57.869	34,139	0.861
Total Comprehensive Income	39,349	64,598	-39.086	43,827	-10.217
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Insurance Revenues	1,108,716	1,101,047	0.696
Result of Insurance Services	225,733	207,418	8.829
Net Profit (Loss) of The Insurance Results	99,316	69,169	43.584
Net Profit (Loss) of The Investment Results	75,283	70,389	6.952
Net Insurance Financing Expenses	-25,885	-31,617	-18.129
Net Profit (Loss), After Zakat, Attributable To Shareholders	95,665	54,051	76.99
Total Comprehensive Income	139,187	78,268	77.833
Total Shareholders Equity (after Deducting Minority Equity)	1,166,144	1,064,358	9.563
Profit (Loss) per Share	1.82	1.03
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	-	-
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 Increase in insurance revenue in current quarter as compared to the similar quarter of last year by +1% is driven mainly by higher business volume in Property and Casualty (P&C) commercial lines of business.
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 Increase in net profit by +58% in current quarter as compared to same quarter of last year is driven by : 1. Improvement in Net Insurance Results by +46% mainly due to overall improvement in net combined ratio and higher Share of surplus from insurance pools. 2. Higher investment income by +18% mainly due to unrealised gain from mark to market adjustment of investment.
The reason of the increase (decrease) in the revenues during the current quarter compared to the previous quarter is	The increase in insurance revenue in current quarter as compared to previous quarter by +6% is mainly driven by higher business volume in Property and Casualty (P&C) commercial lines of business.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous quarter is	The Increase in net profit in current quarter as compared to previous quarter is driven by: 1. Improvement in Net Insurance Results by +15% due to higher revenue and lower insurance service expense and higher surplus from insurance pool. 2. Higher investment income by +32% mainly due to unrealised gain from mark to market adjustment of investments.
The reason of the increase (decrease) in the revenues during the current period compared to the same period of the last year is	The increase in insurance revenue in current period as compared to the same period of last year by 1% is, driven mainly by higher business volume from Property and Casualty (P&C) Commercial lines of business.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is	The Increase in net profit by 77% in current period as compared to same period of last year is driven by: 1. Improvement in Net Insurance Results by + 44% mainly due to increase in insurance revenue and reduction in insurance service expenses. Higher Surplus form insurance pool has also contributed int improvement in net profit. 2. Higher investment income by +7% mainly due to unrealised gain from mark to market adjustment of investments.
Statement of the type of external auditor's report	Unmodified conclusion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion)	None
Reclassification of Comparison Items	None
Additional Information	The earnings per share (EPS) for the current quarter is SR 1.82 per share versus SR 1.03 for the same period of the previous year which is calculated by dividing the net profit of SR 95,665 thousand for current period over the weighted average number of ordinary outstanding shares of 52,500 thousand for the current period and the net profit of SR 54,051 thousand over 52,500 thousand weighted average number of ordinary shares outstanding for the same period of the previous year. Total comprehensive income for the current period is SR 139,187 thousand compared to total comprehensive income of SR 78,268 thousand for the same period of the previous year. Total Shareholder Equity as at the end of the current period is SR 1,166,144 thousand versus SR 1,064,358 thousand as at the end of the same quarter in the previous year, an increase of 10%.