Al-Rajhi Company for Cooperative Insurance (Al-Rajhi Takaful) announces its Interim Financial Results for the period ending on 2025-09-30 ( Nine Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Insurance Revenues | 1,358,501 | 1,409,514 | -3.619 | 1,380,212 | -1.573 |
| Result of Insurance Services | 158,660 | 69,555 | 128.107 | 217,594 | -27.084 |
| Net Profit (Loss) of The Insurance Results | 72,033 | 68,533 | 5.107 | 130,259 | -44.7 |
| Net Profit (Loss) of The Investment Results | 275,552 | 293,371 | -6.073 | -238,776 | - |
| Net Insurance Financing Expenses | -223,612 | -241,144 | -7.27 | 264,887 | - |
| Net Profit (Loss), After Zakat, Attributable To Shareholders | 85,630 | 82,253 | 4.105 | 111,568 | -23.248 |
| Total Comprehensive Income | 100,869 | 77,722 | 29.781 | 113,197 | -10.89 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Insurance Revenues | 3,944,619 | 4,055,402 | -2.731 |
| Result of Insurance Services | 542,410 | 680,691 | -20.314 |
| Net Profit (Loss) of The Insurance Results | 293,038 | 231,630 | 26.511 |
| Net Profit (Loss) of The Investment Results | 89,728 | 557,633 | -83.909 |
| Net Insurance Financing Expenses | 30,940 | -412,953 | - |
| Net Profit (Loss), After Zakat, Attributable To Shareholders | 287,995 | 283,386 | 1.626 |
| Total Comprehensive Income | 300,776 | 273,410 | 10.009 |
| Total Shareholders Equity (after Deducting Minority Equity) | 2,354,567 | 2,000,096 | 17.722 |
| Profit (Loss) per Share | 2.88 | 2.83 | |
| 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 for the current quarter amounted to SR 1,358,501K compared to SR 1,409,514K during the similar quarter of previous year, a decrease of -3.62%, driven by lower business volume primarily in motor line. |
| 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 profit after zakat attributable to shareholders for the current quarter amounted to SR 85,630K compared to SR 82,253K during the similar quarter for previous year, an increase of 4.11%. Following are the key highlights:
• Insurance service result before re-takaful for the current quarter amounted to SR 158,660K compared to SR 69,555K during the similar quarter for the previous year, an increase of 128.11%, which was mainly driven by the reduction in incurred claims.
• Insurance service results for the current quarter amounted to SR 72,033K compared to SR 68,533K during the similar quarter for the previous year, an increase of 5.11%, which was mainly driven by the reduction of incurred claims offset by the increase in Re-takaful contributions.
• The net insurance finance expenses of SR (223,612K) include return on unit holders fund investments along with fair value movements payable to the unit holders.
• Total investment income for the current quarter of SR 275,552K (Q3 2024: SR 293,371K) includes SR 218,293K (Q3 2024: SR 228,759K) pertaining to fair value movement in unit holders' fund investments. Net investment income (excluding unit holders’ share) for the current quarter amounted to SR 57,259K compared to SR 64,612K during the similar quarter for previous year, a decrease of -11.38%, driven by lower yield and fair value of investible assets.
• The other operating expenses for the current quarter amounted to SR (32,358K) compared to SR (34,257K) during the similar quarter for the previous year, a decrease of -5.54%.
• Total comprehensive income for the current quarter amounted to SR 100,869K compared to SR 77,722K during the similar quarter for the previous year, an increase of 29.78%.
• Moreover, Gross Written Premiums (GWP) for the current quarter amounted to SR 3,033,086K compared to SR 3,404,787K during the similar quarter for the previous year, a decrease of -10.92%. |
| 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 1,358,501K compared to SR 1,380,212K during the previous quarter, a decrease of -1.57%, driven by lower business volume mainly in the protection & savings line. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous quarter is | Net profit after zakat attributable to shareholders for the current quarter amounted to SR 85,630K compared to SR 111,568K during the previous quarter, a decrease of -23.25%. Following are the key highlights:
• Insurance service result before re-takaful for the current quarter amounted to SR 158,660K compared to SR 217,594K during the previous quarter, a decrease of -27.08%, which was mainly driven by a decrease in revenue and an increase in service expenses.
• Insurance service results for the current quarter amounted to SR 72,033K compared to SR 130,259K during the previous quarter, a decrease of -44.7%, which was mainly driven by a decrease in revenue and an increase in service expenses.
• The net insurance finance expenses of SR (223,612K) includes return on unit holders fund investments along with fair value movements payable to the unit holders.
• Total investment income for the current quarter of SR 275,552K (Q2 2025: SR -238,776K) includes SR 218,293K (Q2 2025: SR -276,576K) pertaining to fair value movement in unit holders' fund investments. Net investment income (excluding unit holders’ share) for the current quarter amounted to SR 57,259K compared to SR 37,800K during the previous quarter, an increase of 51.48%, driven by yield and fair value of investible assets.
• Total comprehensive income for the current quarter amounted to SR 100,869K compared to SR 113,197K during the previous quarter, a decrease of -10.89%.
• The other operating expenses for the current quarter amounted to SR (32,358K) compared to SR (38,156K) during the previous quarter, a decrease of -15.2%.
• Moreover, Gross Written Premiums (GWP) for the current quarter is amounted to SR 3,033,086K compared to SR 2,579,204K during the previous quarter, an increase of 17.6%. |
| The reason of the increase (decrease) in the revenues during the current period compared to the same period of the last year is | Insurance revenues for the current period amounted to SR 3,944,619K compared to SR 4,055,402K during the similar period of previous year, a decrease of -2.73%, driven by lower business volume mainly in the motor and Property & Casualty lines. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | Net profit after zakat attributable to shareholders for the current period amounted to SR 287,995K compared to SR 283,386K during the similar period of previous year, an increase of 1.63%. Following are the key highlights:
• Insurance service result before re-takaful for the current period amounted to SR 542,410K compared to SR 680,691K during the similar period of previous year, a decrease of -20.31%, which was partially driven by lower revenue and increase in service expenses.
• Insurance service results for the current period amounted to SR 293,038K compared to SR 231,630K during the similar period of previous year, an increase of 26.51%, which was primarily driven by the lower net reinsurance expenses, partially offset by lower revenue.
• The net insurance finance expenses of SR (223,612K) include return on unit holders fund investments along with fair value movements payable to the unit holders.
• Total investment income for the current period of SR 89,728K (during the similar period of previous year: SR 557,633K) includes SR -70,335K (during the similar period of previous year: SR 373,112K) pertaining to fair value movement in unit holders' fund investments. Net investment income (excluding unit holders share) for the current period amounted to SR 160,063K compared to SR 184,521K during the similar period of previous year, a decrease of -13.25%, driven by lower yield and fair value of investible assets.
• The other operating expenses for the current period amounted to SR (107,085K) compared to SR (100,313K) during the similar period of previous year, an increase of 6.75%, arising from an increase in operating expenses to support business operations.
• Total comprehensive income for the current period amounted to SR 300,776K compared to SR 273,410K during the similar period of previous year, an increase of 10.01%.
• Moreover, Gross Written Premiums (GWP) for the current period amounted to SR 8,231,499K compared to SR 7,934,447K during the similar period of previous year, an increase of 3.74%. |
| 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 company made a Tadawul announcement on 03/09/2025 regarding the share buyback under the Employee Stock Incentive Plan. Total of 300k shares were purchased amounting to SAR 35,701K. Out of total shares under the scheme, 17,148 shares amounting to SAR 2,047K were vested and distributed to the eligible employees of the company.
•The earnings per share (EPS) for the current period is SR 2.88 per share compared to SR 2.83 per share for the during the similar period of previous year, an increase of 1.63%.
•Total shareholders’ equity as at the end of the current period is SR 2,354,567K compared to SR 2,000,096K as at the end of the during the similar period of previous year, an increase of 17.62%.
•Total equity at the end of the current period is SR 2,347,577K compared to SR 1,996,196K at the end of during the similar period of previous year, an increase of 17.60%. |
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