Wataniya Insurance Co. announces its Interim Financial Results for the period ending on 2026-06-30 ( Six Months )

Wataniya Insurance Co. reported a net profit after Zakat of SR 19.33 million for the quarter ended June 30, 2026, representing a 4,234.98% year-on-year increase and a significant recovery from the SR 10.21 million net loss recorded in the previous quarter.
Quarterly insurance revenues rose 56.86% to SR 707.29 million, while total revenues for the six-month period reached SR 1.34 billion (up 48.66% YoY), driven primarily by business growth and an increase in earned premiums.
The surge in quarterly profitability was fueled by a 681.06% increase in net insurance service results from directly written business and a 32.11% rise in net investment income, which reached SR 20.41 million.
For the first half of 2026, the company achieved a net profit of SR 9.13 million (up 36.54% YoY), resulting in an earnings per share of SR 0.23 and contributing to a 7.87% year-on-year increase in total shareholders' equity to SR 666.42 million.

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Insurance Revenues	707,289	450,919	56.855	635,280	11.335
Result of Insurance Services	124,623	80,251	55.291	37,359	233.582
Net Profit (Loss) of The Insurance Results	14,059	1,800	681.055	-15,895	-
Net Profit (Loss) of The Investment Results	20,407	15,447	32.109	21,280	-4.102
Net Insurance Financing Expenses	-1,452	-1,377	5.446	-1,910	-23.979
Net Profit (Loss), After Zakat, Attributable To Shareholders	19,334	446	4,234.977	-10,208	-
Total Comprehensive Income Attributable to Shareholders of the Issuer	18,490	627	2,848.963	-10,054	-
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Insurance Revenues	1,342,569	903,086	48.664
Result of Insurance Services	161,982	247,544	-34.564
Net Profit (Loss) of The Insurance Results	-1,836	7,196	-
Net Profit (Loss) of The Investment Results	41,687	31,599	31.925
Net Insurance Financing Expenses	-3,362	-4,895	-31.317
Net Profit (Loss), After Zakat, Attributable To Shareholders	9,126	6,684	36.535
Total Comprehensive Income Attributable to Shareholders of the Issuer	8,436	8,183	3.091
Total Shareholders Equity (after Deducting Minority Equity)	666,423	617,817	7.867
Profit (Loss) per Share	0.23	0.17
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. 707,289 thousand, compared to the same quarter of the last year amounted to SR. 450,919 thousand , an increase of 56.86%, which was principally driven by increase in earned premium driven by business growth during the current period.
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. 23,084 thousand, compared to net profit before zakat and income tax of the same quarter of the last year amounted to SR. 3,946 thousand, which represents an increase of 485%. Net profit after zakat and income tax attributable to shareholders for the current quarter amounted to SR. 19,334 thousand, compared to net profit after zakat and income tax of the same quarter of the last year amounted to SR. 446 thousand, which represents an increase of 4,234.98%, which was mainly due to the following reasons: - increase in net insurance service results from the Company’s directly written business by SR 12,259 thousand, which represents an increase of 681.06%. - increase in net investment income by SR 4,960 thousand, which represents an increase of 32.11%
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. 707,289 thousand, compared to the previous quarter amounted to SR 635,280 thousand , an increase of 11.34%, which is due to increase 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. 23,084 thousand, compared to net loss before zakat and income tax of the previous quarter amounted to SR. 7,958 thousand. Net profit after zakat and income tax attributable to shareholders for the current quarter amounted to SR. 19,334 thousand, compared to net loss after zakat and income tax of the previous quarter amounted to SR. 10,208 thousand. The net profit after zakat and income tax attributable to shareholders for the current quarter is primarily attributable to the increase in net insurance service results from the Company’s directly written business by SR. 29,954 thousand.
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. 1,342,569 thousand, compared to the same period of the last year amounted to SR. 903,086 thousand , an increase of 48.66%, which was principally driven by increase in earned premium driven by business growth in the current period.
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. 15,126 thousand, compared to net profit before zakat and income tax of the same period of the last year amounted to SR. 13,684 thousand, which represents an increase of 10.54%. Net profit after zakat and income tax attributable to shareholders for the current period amounted to SR. 9,126 thousand, compared to net profit after zakat and income tax of the same period of the last year amounted to SR. 6,684 thousand, which represents an increase of 36.54%. The increase in net profit after zakat and income tax attributable to shareholders for the current period is due to the following: - increase in investment income by SR. 10,088 thousand, which represents an increase of 31.93%. - decrease in net insurance finance expense by SR. 1,533 thousand, which represents a decrease of 31.32%. - decrease in net insurance service results from the Company’s directly written business by SR 9,032 thousand.
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	N/A
Additional Information	The total comprehensive income for the current quarter is SR. 18,490 thousand compared to the total comprehensive income for the same quarter from last year of SR. 627 thousand, which is an increase of 2,848.96%. The total comprehensive income for the current period is SR. 8,436 thousand compared to the total comprehensive income for the same period from last year of SR. 8,183 thousand, which is an increase of 3.09%. Total Shareholder Equity (no minority interest) as at the end of the current quarter is SR. 666,423 thousand versus SR. 617,817 thousand for the same quarter from last year, which is an increase of 7.87%.