| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Insurance Revenues | 5,405,366 | 4,696,243 | 15.099 | 5,225,943 | 3.433 |
| Result of Insurance Services | 967,529 | 758,358 | 27.582 | 1,104,421 | -12.394 |
| Net Profit (Loss) of The Insurance Results | 341,669 | 210,135 | 62.594 | 485,039 | -29.558 |
| Net Profit (Loss) of The Investment Results | 185,401 | 166,770 | 11.171 | 173,399 | 6.921 |
| Net Insurance Financing Expenses | -48,271 | -49,582 | -2.644 | -41,281 | 16.932 |
| Net Profit (Loss), After Zakat, Attributable To Shareholders | 173,258 | 197,557 | -12.299 | 467,417 | -62.932 |
| Total Comprehensive Income | 174,059 | 197,557 | -11.894 | 467,291 | -62.751 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Insurance Revenues | 15,752,727 | 13,494,432 | 16.735 |
| Result of Insurance Services | 2,739,721 | 1,987,460 | 37.85 |
| Net Profit (Loss) of The Insurance Results | 1,075,051 | 892,259 | 20.486 |
| Net Profit (Loss) of The Investment Results | 553,988 | 492,399 | 12.507 |
| Net Insurance Financing Expenses | -90,071 | -52,923 | 70.192 |
| Net Profit (Loss), After Zakat, Attributable To Shareholders | 902,367 | 854,062 | 5.655 |
| Total Comprehensive Income | 903,383 | 854,318 | 5.743 |
| Total Shareholders Equity (after Deducting Minority Equity) | 5,141,867 | 4,299,183 | 19.601 |
| Profit (Loss) per Share | 6.03 | 5.7 | |
| 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 | - | - | |
| 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 increased during the current quarter amounted to 5,405,366 K Saudi Riyals, compared to 4,696,243 K Saudi Riyals in the same quarter of the previous year, A revenues growth of 15.10% driven by the addition of new clients and growth in the company's main business sectors. |
| 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 company achieved a net income before Zakat of 211,895 K Saudi Riyals during the current quarter, compared to 225,380 K Saudi Riyals in the same quarter of the previous year, an decrease of -5.98%. The company achieved a net income after Zakat of 173,258 K Saudi Riyals during the current quarter, compared to197,557 K Saudi Riyals in the same quarter of the previous year, an decrease of -12.3%, mainly due to the increase of the other operating expenses incurred to support growth of premium written by the company and the expansion activities of the subsidiaries . - The result of insurance services for the current quarter achieved a significant increase, reaching 967,529 K Saudi Riyals compared to 758,358 K Saudi Riyals in the same quarter of the previous year, an increase of 27.58%, as a result of the increase of the insurance revenue and better claims management. - Net profits of insurance operations for the current quarter achieved significant increase reaching 341,669 K Saudi Riyals compared to 210,135 K in the same quarter of the previous year, an increase of 62.59%, due to the improvement in the results of insurance services. - The company's investment portfolio achieved strong growth, which led to an increase in net investment income by 185,401 K Saudi Riyals during the current quarter compared to 166,770 K Saudi Riyals in the same quarter of the previous year, an increase of 11.17%, as a result of the increase in the size of the investment portfolio, which amounted to 12,432,307 K Saudi Riyals. Driven by the company's significant strides in diversifying its investment portfolio have been accompanied by marked improvement in return rates. The total gross written premiums during the current quarter amounted to 5,090,857 K Saudi Riyals, compared to 4,071,460 K Saudi Riyals compared to the same quarter of the previous year, with an increase of 25.04%.." |
| 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 grew by 5,405,366 K Saudi Riyals compared to 5,225,943 K Saudi Riyals in the previous quarter, an increase of 3.43%. as a result of growth in the company's main sectors. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous quarter is | " The company achieved a net income before Zakat of 211,895 K Saudi Riyals during the current quarter , compared to Saudi Riyals 499,989 K in the previous quarter, a decrease of -57.62%, primarily attributed to seasonal factors. The company achieved a net income after Zakat of 173,258 K Saudi Riyals during the current quarter, compared to Saudi Riyals 467,417 K in the previous quarter, a decrease of - 62.93% primarily attributed to seasonal factors. Total gross written premiums during the current quarter amounted to Saudi Riyals 5,090,857 K compared to Saudi Riyals 5,370,916 K compared to the previous quarter, an decrease of -5.21 %." |
| The reason of the increase (decrease) in the revenues during the current period compared to the same period of the last year is | The company achieved an Increase in insurance revenues during the current period, reaching 15,752,727 K Saudi Riyals, compared to 13,494,432 K Saudi Riyals in the same period of the previous year. A revenues growth of 16.74% driven by the addition of new clients and growth in the company's main business sectors. |
| 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 company achieved a net income before Zakat of 1,006,242 K Saudi Riyals during the current period, compared to 947,157 K Saudi Riyals in the same period of the previous year, an increase of 6.24%. The company achieved a net income after Zakat of 902,367 K Saudi Riyals during the current period, compared to 854,062 K Saudi Riyals in the same period of the previous year, an increase of 5.66%. - The result of insurance services for the current period witnessed a significant increase, reaching 2,739,721 K Saudi Riyals compared to 1,987,460 K Saudi Riyals in the same period of the previous year, an increase of 37.85%, as a result of the increase of the insurance revenue and better claims management. - Growth in net profits of insurance results for the current period, which amounted to 1,075,051 K Saudi Riyals compared to 892,259 K Saudi Riyals in the same period of the previous year, an increase of 20.49%, due to the improvement in the results of insurance services through the main business. - The company's investment portfolio achieved strong growth, which led to an increase in net investment income by an amount of 553,988 K Saudi Riyals during the current period compared to 492,399 K Saudi Riyals in the same period of the previous year, an increase of 12.51%, as a result of the increase in the size of the investment portfolio, which amounted to 12,432,307 K Saudi Riyals .driven by the company's significant strides in diversifying its investment portfolio have been accompanied by marked improvement in return rates. Total gross written premium during the current period amounted to 17,179,457 K Saudi Riyals, compared to 14,363,546 K Saudi Riyals compared to the same period of the previous year, with an increase of 19.60%." |
| 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) | None |
| Reclassification of Comparison Items | None |
| Additional Information | "The earnings per share (EPS) calculated based on Net Profit after Zakat. Earnings per share for the current period of 2025 amounted to Saudi Riyals 6.03, compared to Saudi Riyals 5.70 for the for the same period of the previous year, after adjusting the earnings per share due to the issuance of bonus shares during 2024 and share buybacks during 2025. The adjustment was made by dividing the net income attributable to shareholders after Zakat, which amounted to Saudi Riyals 902,367 K for the current period, by the weighted average number of outstanding ordinary shares of 149,656,617 shares, compared to Saudi Riyals 854,062 K for the same period of the previous year, which was divided by 149,951,708 shares. Total shareholders’ equity as at end of the current period amounted to Saudi Riyals 5,141,867 K, compared to 4,299,183 K Saudi Riyals for the same period of the previous year, an increase of 19.6%." |
