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Mutakamela Insurance Co. 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	194,654.905	206,359.243	-5.671	231,231.361	-15.818
Result of Insurance Services	56,471.922	111,515.797	-49.359	65,590.133	-13.901
Net Profit (Loss) of The Insurance Results	-11,759.48	6,389.915	-	-10,385.144	13.233
Net Profit (Loss) of The Investment Results	14,404.23	17,926.569	-19.648	3,049.214	372.391
Net Insurance Financing Expenses	-5,365.562	-10,404.848	-48.432	2,980.974	-
Net Profit (Loss), After Zakat, Attributable To Shareholders	-10,628.132	5,804.344	-	-7,667.086	38.62
Total Comprehensive Income Attributable to Shareholders of the Issuer	-9,715.438	5,942.857	-	4,243.834	-
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)	714,357.838	708,417.946	0.838
Profit (Loss) per Share	-0.178	0.097
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 reason behind the decrease in insurance revenue during current quarter comparing to same quarter of the previous year is the decrease in business mainly from Medical and Motor.
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 reason behind the decrease in net profit after zakat and tax during the current quarter comparing to the same quarter of the previous year is a decrease in insurance revenues by 6% and an increase in insurance service expenses, which resulted in a decrease in insurance service results by 49% compared to the same period of the previous year.
The reason of the increase (decrease) in the revenues during the current quarter compared to the previous quarter is	The reason behind the decrease in insurance revenue during current quarter comparing to previous quarter is the decrease in insurance revenue mainly from Property and Casualty by 33% and Motor by 8%.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous quarter is	The reason behind the decrease in net profit after zakat and tax during the current quarter comparing to the previous quarter is the decrease in insurance revenue mainly from Property and Casualty by 96% and Motor by 18%, and the decrease in net insurance services income by 14% resulting from an increase in insurance services expenses.
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)	-
Reclassification of Comparison Items	-
Additional Information	For the period ended 31 March 2026 earnings per share has been calculated based on net profit after Zakat and income Tax for the period divided by weighted average number of shares 59,843,060. For the period ended 31 March 2025 earnings per share has been calculated based on net profit after Zakat and income Tax for the period divided by total number of shares outstanding of 59,457,923 shares. The total equity for the period ended 31 March 2026 reach SR 714.4 million comparing to SR 708.4 million in the period ended 31 March 2025, an increase of 1%. The total comprehensive loss for the current period amounted to SAR (9.7)Mn compared to total comprehensive income SAR 5.9Mn for the same period of previous year, a decrease of 263%.