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Wataniya 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	635,280	452,167	40.496	498,831	27.353
Result of Insurance Services	37,359	167,293	-77.668	87,747	-57.424
Net Profit (Loss) of The Insurance Results	-15,895	5,396	-	16,458	-
Net Profit (Loss) of The Investment Results	21,280	16,152	31.748	10,269	107.225
Net Insurance Financing Expenses	-1,910	-3,518	-45.707	-442	332.126
Net Profit (Loss), After Zakat, Attributable To Shareholders	-10,208	6,238	-	23,058	-
Total Comprehensive Income Attributable to Shareholders of the Issuer	-10,054	7,556	-	33,318	-
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)	647,933	617,190	4.981
Profit (Loss) per Share	-0.25	0.16
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. 635,280 thousand, compared to the same quarter of the last year amounted to SR. 452,167 thousand , an increase of 40.496%, which was principally driven by increase in earned premium driven by business growth in last year and in the current quarter.
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 loss before zakat and income tax attributable to shareholders for the current quarter amounted to SR. 7,958 thousand, compared to net profit before zakat and income tax of the same quarter of the last year amounted to SR. 9,738 thousand. Net loss after zakat and income tax attributable to shareholders for the current quarter amounted to SR. 10,208 thousand, compared to net profit after zakat and income tax of the same quarter of the last year amounted to SR. 6,238 thousand. The decrease is mainly due to decrease in net insurance service results from the Company’s directly written business by SR 21,291 thousand.
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. 635,280 thousand, compared to the previous quarter amounted to SR 498,831 thousand , an increase of 27.353%, 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 loss before zakat and income tax attributable to shareholders for the current quarter amounted to SR. 7,958 thousand, compared to net profit before zakat and income tax of the previous quarter amounted to SR. 21,958 thousand. Net loss after zakat and income tax attributable to shareholders for the current quarter amounted to SR. 10,208 thousand, compared to net profit after zakat and income tax of the previous quarter amounted to SR. 23,058 thousand, this decrease is mainly due to the decrease in net insurance service results from the Company’s directly written business by SR. 32,353 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 loss for the current quarter is SR. 10,054 thousand compared to the total comprehensive income for the same quarter from last year of SR. 7,556 thousand. Total Shareholder Equity (no minority interest) as at the end of the current quarter is SR. 647,933 thousand versus SR. 617,190 thousand for the same quarter from last year, which is an increase of 4.98%.