BUPA ARABIA

Bupa Arabia for Cooperative Insurance Co.

8210StocksTadawulInsurance

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (SAR)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	20.13B	18.86B	16.49B	13.47B	10.92B
Operating Expenses	18.88B	17.49B	15.38B	12.50B	10.19B
Pretax Income	1.25B	1.37B	1.12B	0.97B	0.73B
Income Tax	173.67M	206.62M	176.52M	164.05M	105.13M
Net Income	1.08B	1.17B	0.94B	0.81B	0.63B
Premium Revenue	19.30B	18.10B	15.89B	12.87B	10.62B
Policy Benefits	18.53B	16.74B	14.77B	12.12B	9.05B
Policy Cost	966.80M	911.45M	746.68M	578.16M	343.43M
EPS (Basic)	7.26	7.81	6.29	5.39	4.18
EPS (Diluted)	7.23	7.79	6.29	5.39	4.18
DPS	4.00	4.00	4.00	3.60	—
Margins & Efficiency
Net Margin %	+5.4%	+6.2%	+5.7%	+6.0%	+5.7%
Revenue & Income
Revenue as Reported	—	—	—	—	10.62B
Revenue Growth (YoY)	+6.7%	+14.4%	+22.5%	+23.4%	-0.5%
Revenue Insurance	20.13B	18.86B	16.49B	13.47B	10.92B
Premiums Annuity Rev	19.30B	18.10B	15.89B	12.87B	10.62B
Other Revenue Insurance	98.07M	90.39M	92.07M	42.63M	37.59M
Gain Investment Rev Insurance	10.83M	-19.34M	1.59M	282.11M	61.48M
Expenses & Provisions
SG&A Insurance	58.71M	44.57M	35.46M	—	714.24M
Other Opex Insurance	-679.77M	-209.17M	-171.05M	-202.06M	58.35M
Total Opex Insurance	18.88B	17.49B	15.38B	12.50B	10.19B
Policy Benefits	18.53B	16.74B	14.77B	12.12B	9.05B
Policy Cost	966.80M	911.45M	746.68M	578.16M	343.43M
Provision for Bad Debts	—	—	—	—	22.46M
D&A For EBITDA	19.05M	18.42M	16.17M	15.73M	15.22M
Deferred Policy Acquisition Cost	—	—	—	—	201.04M
Profitability & Returns
EBIT	1.25B	1.37B	1.12B	0.97B	0.73B
EBIT Margin	+6.2%	+7.3%	+6.8%	+7.2%	+6.7%
EBITDA	1.27B	1.39B	1.13B	0.98B	0.75B
EBITDA Margin	+6.3%	+7.4%	+6.9%	+7.3%	+6.8%
Pretax Income	1.25B	1.37B	1.12B	0.97B	0.73B
Opinc Insurance	1.25B	1.37B	1.12B	0.97B	0.73B
Operating Margin	+6.2%	+7.3%	+6.8%	+7.2%	+6.7%
Profit Margin	+5.4%	+6.2%	+5.7%	+6.0%	+5.7%
Net Income	1.08B	1.17B	0.94B	0.81B	0.63B
Net Income to Common	1.08B	1.17B	0.94B	0.81B	0.63B
Net Income Growth	-7.5%	+24.0%	+16.8%	+28.7%	-10.1%
Income Tax Expense	173.67M	206.62M	176.52M	164.05M	105.13M
Effective Tax Rate	+13.9%	+15.1%	+15.8%	+16.9%	+14.4%
Per Share & Capital
EPS (Basic)	7.26	7.81	6.29	5.39	4.18
EPS (Diluted)	7.23	7.79	6.29	5.39	4.18
EPS Growth	-7.2%	+23.9%	+16.6%	+28.9%	-10.3%
Dividend Per Share	4.00	4.00	4.00	3.60	—
Shares Change (YoY)	-0	-0	0	-0	0
Shares Outstanding (Basic)	148.56M	149.30M	149.51M	149.32M	149.56M
Shares Outstanding (Diluted)	148.56M	149.30M	149.51M	149.32M	149.56M
Dividend Growth	—	—	+11.1%	—	—
Free Cash Flow	-0.26B	1.35B	2.25B	1.70B	0.45B
Free Cash Flow Margin	-1.3%	+7.1%	+13.7%	+12.6%	+4.1%
Free Cash Flow Per Share	-1.75	9.01	15.08	11.35	3.03
Payout Ratio	+55.6%	+51.5%	+57.4%	+67.1%	+65.2%
Supplemental
Total Interest Dividend Income	719.02M	691.12M	512.48M	271.71M	198.96M

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (SAR)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	20.13B	18.86B	16.49B	13.47B	10.92B
Operating Expenses	18.88B	17.49B	15.38B	12.50B	10.19B
Pretax Income	1.25B	1.37B	1.12B	0.97B	0.73B
Income Tax	173.67M	206.62M	176.52M	164.05M	105.13M
Net Income	1.08B	1.17B	0.94B	0.81B	0.63B
Premium Revenue	19.30B	18.10B	15.89B	12.87B	10.62B
Policy Benefits	18.53B	16.74B	14.77B	12.12B	9.05B
Policy Cost	966.80M	911.45M	746.68M	578.16M	343.43M
EPS (Basic)	7.26	7.81	6.29	5.39	4.18
EPS (Diluted)	7.23	7.79	6.29	5.39	4.18
DPS	4.00	4.00	4.00	3.60	—
Margins & Efficiency
Net Margin %	+5.4%	+6.2%	+5.7%	+6.0%	+5.7%
Revenue & Income
Revenue as Reported	—	—	—	—	10.62B
Revenue Growth (YoY)	+6.7%	+14.4%	+22.5%	+23.4%	-0.5%
Revenue Insurance	20.13B	18.86B	16.49B	13.47B	10.92B
Premiums Annuity Rev	19.30B	18.10B	15.89B	12.87B	10.62B
Other Revenue Insurance	98.07M	90.39M	92.07M	42.63M	37.59M
Gain Investment Rev Insurance	10.83M	-19.34M	1.59M	282.11M	61.48M
Expenses & Provisions
SG&A Insurance	58.71M	44.57M	35.46M	—	714.24M
Other Opex Insurance	-679.77M	-209.17M	-171.05M	-202.06M	58.35M
Total Opex Insurance	18.88B	17.49B	15.38B	12.50B	10.19B
Policy Benefits	18.53B	16.74B	14.77B	12.12B	9.05B
Policy Cost	966.80M	911.45M	746.68M	578.16M	343.43M
Provision for Bad Debts	—	—	—	—	22.46M
D&A For EBITDA	19.05M	18.42M	16.17M	15.73M	15.22M
Deferred Policy Acquisition Cost	—	—	—	—	201.04M
Profitability & Returns
EBIT	1.25B	1.37B	1.12B	0.97B	0.73B
EBIT Margin	+6.2%	+7.3%	+6.8%	+7.2%	+6.7%
EBITDA	1.27B	1.39B	1.13B	0.98B	0.75B
EBITDA Margin	+6.3%	+7.4%	+6.9%	+7.3%	+6.8%
Pretax Income	1.25B	1.37B	1.12B	0.97B	0.73B
Opinc Insurance	1.25B	1.37B	1.12B	0.97B	0.73B
Operating Margin	+6.2%	+7.3%	+6.8%	+7.2%	+6.7%
Profit Margin	+5.4%	+6.2%	+5.7%	+6.0%	+5.7%
Net Income	1.08B	1.17B	0.94B	0.81B	0.63B
Net Income to Common	1.08B	1.17B	0.94B	0.81B	0.63B
Net Income Growth	-7.5%	+24.0%	+16.8%	+28.7%	-10.1%
Income Tax Expense	173.67M	206.62M	176.52M	164.05M	105.13M
Effective Tax Rate	+13.9%	+15.1%	+15.8%	+16.9%	+14.4%
Per Share & Capital
EPS (Basic)	7.26	7.81	6.29	5.39	4.18
EPS (Diluted)	7.23	7.79	6.29	5.39	4.18
EPS Growth	-7.2%	+23.9%	+16.6%	+28.9%	-10.3%
Dividend Per Share	4.00	4.00	4.00	3.60	—
Shares Change (YoY)	-0	-0	0	-0	0
Shares Outstanding (Basic)	148.56M	149.30M	149.51M	149.32M	149.56M
Shares Outstanding (Diluted)	148.56M	149.30M	149.51M	149.32M	149.56M
Dividend Growth	—	—	+11.1%	—	—
Free Cash Flow	-0.26B	1.35B	2.25B	1.70B	0.45B
Free Cash Flow Margin	-1.3%	+7.1%	+13.7%	+12.6%	+4.1%
Free Cash Flow Per Share	-1.75	9.01	15.08	11.35	3.03
Payout Ratio	+55.6%	+51.5%	+57.4%	+67.1%	+65.2%
Supplemental
Total Interest Dividend Income	719.02M	691.12M	512.48M	271.71M	198.96M