| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Insurance Revenues | 73,793 | 59,417 | 24.195 | 69,531 | 6.129 |
| Result of Insurance Services | -8,356 | 1,159 | - | 6,687 | - |
| Net Profit (Loss) of The Insurance Results | -9,601 | 340 | - | 6,008 | - |
| Net Profit (Loss) of The Investment Results | 4,488 | 3,498 | 28.301 | 3,573 | 25.608 |
| Net Insurance Financing Expenses | 58 | -337 | - | 221 | -73.755 |
| Net Profit (Loss), After Zakat, Attributable To Shareholders | -8,023 | 169 | - | 5,611 | - |
| Total Comprehensive Income | -8,069 | 144 | - | 5,576 | - |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Insurance Revenues | 201,469 | 155,642 | 29.443 |
| Result of Insurance Services | -841 | 12,743 | - |
| Net Profit (Loss) of The Insurance Results | -4,834 | 10,751 | - |
| Net Profit (Loss) of The Investment Results | 11,074 | 11,941 | -7.26 |
| Net Insurance Financing Expenses | 73 | -512 | - |
| Net Profit (Loss), After Zakat, Attributable To Shareholders | -8,272 | 11,699 | - |
| Total Comprehensive Income | -5,821 | 11,484 | - |
| Total Shareholders Equity (after Deducting Minority Equity) | 306,966 | 294,180 | 4.346 |
| Profit (Loss) per Share | -0.19 | 0.27 | |
| 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 | -182,813 | -42.51 | |
| 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 increase in the insurance revenue during the current quarter compared to the same quarter of last year is SAR +14.4 million, this is mainly due from the following net effects: 1) Increase in GWP by SAR +30.8 million, this indicates very strong performance in acquiring new customers. 2) An Unfavorable change in Unearned Premium Reserves by SAR -11.2 million, this means that a much larger portion of the GWP written during this current quarter is being deferred to be earned as revenue in future periods. 3) An Unfavorable change in Premium Debtors' Provision by SAR -5.2 million, this means unfavorable change in premium debtors' provision comparing to same quarter of last year. |
| 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 decrease in the net profit for the current quarter compared to the same quarter of the last year is SAR -8.2 million, this is mainly due from the following net effects: 1) Decrease in Net Insurance service result by SAR -9.9 million 2) Increase in Net investment income by SAR +0.99 million 3) Increase in Net insurance finance income / (expenses) by SAR +0.39 million 4) Increase in Other operating income by SAR +0.1 million 5) Increase in Other operating expenses by SAR -1.8 million 6) A favorable change in ZAKAT provision by SAR +2 million |
| The reason of the increase (decrease) in the revenues during the current quarter compared to the previous quarter is | 'The increase in the insurance revenue during the current quarter compared to the previous quarter is SAR +4.26 million, this is mainly due from the following net effects: 1) Increase in GWP by SAR +3.9 million, this indicates very strong performance in acquiring new customers. 2) A favorable change in Unearned Premium Reserves by SAR +1.3 million, this means a smaller portion of the quarter's GWP was deferred, which has a positive impact on the current quarter revenue. 3) An Unfavorable change in Premium Debtors' Provision by SAR -0.76 million, this means unfavorable change in premium debtors' provision comparing to previous quarter. 4) Decrease in Expected incurred claims and other service expenses by SAR -0.150 million 5) Decrease in CSM recognized for service period by SAR -0.029 million |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous quarter is | 'The Decrease in the net profit for the current quarter compared with the previous quarter of the last year is SAR -13.6 million, this is mainly due from the following net effects: 1) Decrease in Net Insurance service result by SAR -15.6 million 2) Increase in Net investment income by SAR +0.9 million 3) Decrease in Net insurance finance income / (expenses) by SAR -0.2 million 4) Increase in Other operating income by SAR +0.4 million 5) Increase in Other operating expenses by SAR -1.3 million 6) A favorable change in ZAKAT provision by SAR +2.2 million |
| The reason of the increase (decrease) in the revenues during the current period compared to the same period of the last year is | The increase in the insurance revenue for the current period compared with the same period of the last year is SAR +45.8 million, this is mainly due from the following net effects: 1) Increase in GWP by SAR +88.9 million, this indicates very strong performance in acquiring new customers. 2) An Unfavorable change in Unearned Premium Reserves by SAR -40.6 million, this means that a much larger portion of the GWP written during this current period is being deferred to be earned as revenue in future periods. 3) An Unfavorable change in Premium Debtors' Provision by SAR -2.5 million, this means unfavorable change in premium debtors' provision comparing to same period of the 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 | The decrease in the net profit for the current period compared with the same period of the last year is SAR -20 million, this is mainly due from the following net effects: 1) Decrease in Net Insurance service result by SAR -15.6 million 2) Decrease in Net investment income by SAR -0.9 million 3) Increase in Net insurance finance income / (expenses) by SAR +0.6 million 4) Decrease in Other operating income by SAR -1.2 million 5) Increase in Other operating expenses by SAR -1.3 million 6) An Unfavorable change ZAKAT provision by SAR -1.6 million |
| 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) | We draw attention to note 2 to the accompanying interim condensed financial statements, which states that the Company has generated a net comprehensive loss of SAR 5.82 million for the nine-month period ended 30 September 2025 (comprehensive income of SAR 11.48 million for the nine-month period ended 30 September 2024), and as of that date, the Company’s accumulated losses have reached SAR 182.81 million (as at 31 December 2024: SAR 174.54 million), representing 42.51% of the share capital as at 30 September 2025 (as at 31 December 2024: 40.59%). These events and conditions indicate that a material uncertainty exists that may cast significant doubt on the Company’s ability to continue as a going concern. |
| Reclassification of Comparison Items | None |
| Additional Information | None |
