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Gulf Insurance Group announces its Interim Financial Results for the period ending on 2026-03-31 ( Three Months ) | premargin

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Insurance Revenues	417,655	367,569	13.626	395,039	5.725
Result of Insurance Services	86,935	96,413	-9.83	-108,419	-
Net Profit (Loss) of The Insurance Results	31,991	47,268	-32.319	25,649	24.726
Net Profit (Loss) of The Investment Results	35,164	24,947	40.954	21,047	67.073
Net Insurance Financing Expenses	-3,132	-26,303	-88.092	5,944	-
Net Profit (Loss), After Zakat, Attributable To Shareholders	43,740	27,092	61.449	30,524	43.297
Total Comprehensive Income Attributable to Shareholders of the Issuer	25,644	56,010	-54.215	35,340	-27.436
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Shareholders Equity (after Deducting Minority Equity)	1,227,128	1,145,967	7.082
Profit (Loss) per Share	0.83	0.52
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	-	-
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 SAR 50 million or +14% is driven mainly by business growth in Motor and Property & Casualty segments.
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 SAR 17 million or +61% in current quarter as compared to same quarter of last year is driven by : • Increase in insurance revenue by SAR 50 million or +14%. • Higher investment income by SAR 10 million or +41% mainly due to unrealised gain from mark to market adjustment of investment. Above favourable movements were partially offset by increase in insurance service expenses by SAR 60 million or +22% and increase in reinsurance cost by SR 6 million or + 13%. Moreover, Gross Written Premiums (GWP) for the current quarter amounted to SAR 734 million compared to SAR 569 million during the similar quarter of the previous year, an increase of +29%.
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 SAR 23 million or +6% is mainly driven by business growth in Motor segment.
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 by SAR 13 million or +43% as compared to previous quarter is driven by : • Improvement in Net Insurance Service Results by SR 6 million or +25% • Higher investment income by +67% or SAR 14 million mainly due to unrealised gain from mark to market adjustment of investments. • Other favorable impact of SR 2 million mainly driven by improvement in other operating expenses • Above favorable impacts were partially offset by higher net insurance finance expense by SR 9 million Moreover, Gross Written Premiums (GWP) for the current quarter amounted to SAR 734 million compared to SAR 355 million during the previous quarter, an increase of 107%.
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 0.83 per share versus SR 0.52 for the same period of the previous year which is calculated by dividing the net profit of SR 43,740 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 27,092 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 25,644 thousand compared to total comprehensive income of SR 56,610 thousand for the same period of the previous year. Total Shareholder Equity as at the end of the current period is SR 1,227,128 thousand versus SR 1,145,967 thousand as at the end of the same quarter in the previous year, an increase of 7.1%. There is no minority interest (non controlling interest) as at 31 March 2026.