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

Wataniya Insurance Co. announces its Interim Financial Results for the period ending on 2025-09-30 ( Nine Months )

TadawulNovember 5, 2025View on exchange

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Insurance Revenues	435,676	466,226	-6.552	450,919	-3.38
Result of Insurance Services	80,883	96,491	-16.175	80,251	0.787
Net Profit (Loss) of The Insurance Results	5,801	11,284	-48.59	1,800	222.277
Net Profit (Loss) of The Investment Results	23,552	21,326	10.437	15,447	52.469
Net Insurance Financing Expenses	-1,007	-3,375	-70.162	-1,377	-26.87
Net Profit (Loss), After Zakat, Attributable To Shareholders	7,348	14,881	-50.621	446	1,547.533
Total Comprehensive Income	6,852	15,008	-54.344	627	992.822
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Insurance Revenues	1,338,762	1,309,527	2.232
Result of Insurance Services	328,427	358,307	-8.339
Net Profit (Loss) of The Insurance Results	12,997	50,961	-74.496
Net Profit (Loss) of The Investment Results	55,151	51,724	6.625
Net Insurance Financing Expenses	-5,902	-6,302	-6.347
Net Profit (Loss), After Zakat, Attributable To Shareholders	14,032	70,564	-80.114
Total Comprehensive Income	15,035	70,837	-78.775
Total Shareholders Equity (after Deducting Minority Equity)	624,669	559,115	11.724
Profit (Loss) per Share	0.35	1.76
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	Insurance revenues for the current quarter amounted to SR. 435,676 thousand, compared to the same quarter of the last year amounted to SR. 466,226 thousand , a decrease of 6.55%, which was principally driven by decrease in Gross Written Premium in first half of 2025.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	Net profit before zakat and income tax attributable to shareholders for the current quarter amounted to SR. 13,848 thousand, compared to the same quarter of the last year amounted to SR. 18,631 thousand which represents a decrease of 25.67%. Net profit after zakat and income tax attributable to shareholders for the current quarter amounted to SR. 7,348 thousand, compared to the same quarter of the last year amounted to SR. 14,881 thousand, which represents a decrease of 50.62%. which was mainly due to the following reasons: - Decrease in net insurance service results from the Company’s directly written business by SR 5,483 thousand, a decrease of 48.59%. - Increase in other operating expenses by SR 4,928 thousand, which represents an increase of 47.75%,which primarily reflects the sustained investment in internal capabilities.
The reason of the increase (decrease) in the revenues during the current quarter compared to the previous quarter is	Insurance revenues for the current quarter amounted to SR. 435,676 thousand, compared to the previous quarter amounted to SR 450,919 thousand , a decrease of 3.38%, which is due to decrease in earned premiums after deduction of provision for expected premium receipts.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous quarter is	Net profit before zakat and income tax attributable to shareholders for the current quarter amounted to SR. 13,848 thousand, compared to the previous quarter amounted to SR. 3,946 thousand, which represents a increase of 250.94%. Net profit after zakat and income tax attributable to shareholders for the current quarter amounted to SR. 7,348 thousand, compared to the previous quarter amounted to SR. 446 thousand, which represents an increase of 1547.53% due to the following main reasons: - increase in net insurance service results from the Company’s directly written business by SR. 4,001 thousand, which represents a increase of 222.28%. - increase in net investment return by 8,105 thousand, which represents an increase of 52.47% - increase in other operating expenses by SR. 2,861 thousand, which represents an increase of 23.10%, which primarily reflects the sustained investment in internal capabilities.
The reason of the increase (decrease) in the revenues during the current period compared to the same period of the last year is	Insurance revenues for the current period amounted to SR. 1,338,762 thousand, compared to the same period of the last year amounted to SR. 1,309,527 thousand , an increase of 2.23%, which was principally driven by increase in earned premium driven by business growth in last year.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is	Net profit before zakat and income tax attributable to shareholders for the current period amounted to SR. 27,532 thousand, compared to the same period of the last year amounted to SR. 82,964 thousand which represents a decrease of 66.81%. Net profit after zakat and income tax attributable to shareholders for the current period amounted to SR. 14,032 thousand, compared to the same period of the last year amounted to SR. 70,564 thousand, which represents a decrease of 80.11%. which was mainly due to the following: - decrease in net insurance service results from the Company’s directly written business by SR 37,964 thousand, a decrease of 74.50% - increase in other operating expenses by SR 22,103 thousand, an increase of 151.34%, which primarily reflects the sustained investment in internal capabilities, coupled with the absence of non-recurring recovery of expenses of SR 9,630 thousand recognized in the comparative period.
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)	N/A
Reclassification of Comparison Items	During the three-month period ended September 30, 2025, the Company revised its operating segment structure to align with changes in internal reporting and management oversight. Under the new structure, the Company has restructured its operations around three strategic pillars: Motor, Property & Casualty (P&C), and Term life. This change reflects a shift in how the business is managed internally and how performance is reported to and evaluated by the CODM. Accordingly, Motor Comp and Motor TPL now represent one ‘Motor’ segment and marine, property, engineering and accident & liability now represent a single ‘Property & Casualty’ segment. Comparative information for prior period has been restated to ensure consistency and comparability.
Additional Information	The total comprehensive income for the current quarter is SR. 6,852 thousand compared to the total comprehensive income for the same quarter from last year of SR. 15,008 thousand, which is a decrease of 54.34%. The total comprehensive income for the current period is SR. 15,035 thousand compared to the total comprehensive income for the same period from last year of SR. 70,837 thousand, which is a decrease of 78.78%. Total Shareholder Equity (no minority interest) as at the end of the current period is SR. 624,669 thousand versus SR. 559,115 thousand for the same period from last year, which is an increase of 11.72%.