| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Insurance Revenues | 1,254,553 | 1,489,646 | -15.78 | ||
| Result of Insurance Services | -137,101 | 114,066 | - | ||
| Net Profit (Loss) of The Insurance Results | -261,578 | 44,979 | - | ||
| Net Profit (Loss) of The Investment Results | 33,199 | 33,218 | -0.06 | ||
| Net Insurance Financing Expenses | 78 | -8,416 | - | ||
| Net Profit (Loss), After Zakat, Attributable To Shareholders | -244,444 | 49,134 | - | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | -232,072 | 67,037 | - | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 449,585 | 711,657 | -36.83 | ||
| Profit (Loss) per Share | -4.89 | 0.98 | |||
| 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 | -162,072 | -32.4 | |
| 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 | The decrease of 16% in insurance revenue during the current year, compared to the last year, is primarily attributable to the decrease in gross earned premiums. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The reason for incurring losses during the current year, compared to profits in the corresponding year, is primarily due to reporting losses in insurance service results of current year compared to profits in the comparative year. In addition to the increase in net expenses from reinsurance contracts held. |
| 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) | NA |
| Reclassification of Comparison Items | Certain comparative figures in the statement of financial position have been reclassified to align with the current period’s presentation. These reclassifications better reflect the nature of these amounts and have no impact on the total equity or profits previously reported. Kindly refer to note 35 in the financial statements for more details about the impact of reclassification on the statement of financial position as at December 31, 2024 and January 1, 2024 |
| Additional Information | Earnings (losses) per share was calculated based on net losses after zakat amounted to SAR (244,444K) for current year compared to net profits of SAR 49,134K for previous year divided by the number of shares of 50 Million shares. Gross Written Premiums (GWP) for the current year are amounted to SAR 1,205,502K compared to SAR 1,316,812K during the previous year. The accumulated losses at the end of the year are SAR 162,072K, which is 32.4% of the paid-up Capital of SAR 500,000K based on the Financial Statements for the year ended December 31, 2025. The main reason which caused this increase in the accumulated losses is reporting losses in net insurance service result. Based on that, the procedures and instructions for companies listed on the stock market that have accumulated losses of 20% or more of their capital will be implemented. |
