| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Insurance Revenues | 21,403,177 | 18,272,957 | 17.13 | ||
| Result of Insurance Services | 3,386,816 | 2,838,754 | 19.31 | ||
| Net Profit (Loss) of The Insurance Results | 1,116,251 | 1,111,429 | 0.43 | ||
| Net Profit (Loss) of The Investment Results | 763,791 | 680,445 | 12.25 | ||
| Net Insurance Financing Expenses | -101,768 | -70,412 | 44.53 | ||
| Net Profit (Loss), After Zakat, Attributable To Shareholders | 1,103,114 | 1,022,025 | 7.93 | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 1,117,649 | 1,035,029 | 7.98 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 5,357,500 | 4,478,243 | 19.63 | ||
| Profit (Loss) per Share | 7.37 | 6.82 | |||
| 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 revenues during the current year compared to the last year is | Increased revenue for the current year amounted to 21,403,177 K Saudi Riyals, compared to 18,272,957 K Saudi Riyals during the previous year, with a growth of 17.13% in revenues as a result of growth in the company's main sectors. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The company achieved a net income before Zakat of 1,226,621 K Saudi Riyals during the year 2025, compared to 1,145,014 K Saudi Riyals in the previous year, an increase of 7.12%. The company achieved a net income after Zakat of 1,103,114 K Saudi Riyals during the year 2025, compared to 1,022,025 K Saudi Riyals during the previous year, an increase of 7.93%, which was due to the following main reasons: - The result of insurance services for the current year amounted to 3,386,816 K Saudi Riyals compared to 2,838,754 K Saudi Riyals during the previous year, an increase of 19.31%, as a result of the growth in Insurance Revenue supplemented by improvement in loss ratio. - Net profits of insurance results for the current year amounted to 1,116,251 K Saudi Riyals compared to 1,111,429 K Saudi Riyals during the previous year, an increase of 0.43%, due to the improvement in results of insurance services. - The company's investment portfolio achieved a strong growth, which led to an increase in net investment income reaching 763,791 K Saudi Riyals during the current year compared to 680,445 K Saudi Riyals during the previous year, an increase of 12.24%, as a result of the increase in the size of the investment portfolio, which amounted to 12,640,236 K Saudi Riyals compared to 11,565,197 K Saudi Riyals in previous year, an increase of 9.29%. - Release of expected credit losses amounted to 130,747 k Saudi Riyals compared to a charge of 91,737k Saudi Riyals. This is due to significant efforts to collect outstanding receivables. - Net insurance finance expenses for the current year amounted to SR 101,768 K compared to SR 70,412 K during the previous year, an increase of 44.53%, which reduced the net profit for the year, due to the increase of liability for incurred claims. -Total Comprehensive Income Attributable to the Issuer’s Shareholders for the current year amounted to SR 1,117,649 K compared to SR 1,035,029 K during the previous year, an increase of 7.98%. The total gross written premiums for the current year amounted to 23,841,612 K Saudi Riyals, compared to 19,821,546 K Saudi Riyals during the previous year, an increase of 20.28 %. |
| Statement of the type of external auditor's report | Unmodified opinion |
| 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 | Earnings per Share (EPS) Basic earnings per share for the current year amounted to SAR 7.37, compared to SAR 6.82 for the previous year. This was calculated by dividing the net income attributable to shareholders after Zakat of SAR 1,103,114 thousand by the adjusted weighted average number of ordinary shares outstanding of 149,628,505 shares, compared to net income of SAR 1,022,025 thousand divided by 149,876,882 shares for the previous year. Diluted earnings per share for the current year amounted to SAR 7.35, compared to SAR 6.81 for the previous year. The weighted average number of ordinary shares (diluted) was 149,985,233 shares for the current year, compared to 150,000,000 shares for the previous year. Total shareholders’ equity as at the end of the current year amounted to SAR 5,357,500 thousand, compared to SAR 4,478,243 thousand at the end of the previous year, representing an increase of 19.63%. |
