Wataniya Insurance Co. announces its Annual Financial Results for the Period Ending on 2025-12-31
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Insurance Revenues | 1,837,593 | 1,796,142 | 2.31 | ||
| Result of Insurance Services | 416,174 | 452,103 | -7.95 | ||
| Net Profit (Loss) of The Insurance Results | 29,455 | 71,992 | -59.09 | ||
| Net Profit (Loss) of The Investment Results | 65,420 | 71,350 | -8.31 | ||
| Net Insurance Financing Expenses | -6,344 | -6,791 | -6.58 | ||
| Net Profit (Loss), After Zakat, Attributable To Shareholders | 37,090 | 103,050 | -64.01 | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 48,353 | 121,356 | -60.16 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 657,987 | 609,634 | 7.93 | ||
| Profit (Loss) per Share | 0.93 | 2.58 | |||
| 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 revenues during the current year compared to the last year is | Insurance revenues for the current year amounted to SR 1,837,593 thousand, compared to SR 1,796,142 thousand during the previous year, an increase of 2.31%, which was principally driven by business growth. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | Net profit before zakat and income tax attributable to shareholders for the current year amounted to SR 49,490 thousand, compared to SR 116,783 thousand during the previous year, a decrease of 57.62%.
Net profit after zakat and income tax attributable to shareholders for the current year amounted to SR 37,090 thousand, compared to SR 103,050 thousand during the previous year, a decrease of 64.01%, which was due to the following reasons:
- Decrease in insurance service results from the Company’s directly written business by SR 42,537 thousand, a decrease of 59.09%
- Increase in other operating expenses by SR 19,001 thousand, an increase of 85.67%, which primarily reflects the sustained investment in internal capabilities, coupled with the absence of non-recurring recovery of expenses of SR 9,630 thousand recognized in the comparative period. |
| Statement of the type of external auditor's report | Unmodified opinion |
| 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 income for the current year is SR 48,353 thousand compared to the total comprehensive income for last year of SR. 121,356 thousand, a decrease of 60.16%.
Total Shareholder Equity (no minority interest) as at the end of the current year is SR 657,987 thousand versus SR 609,634 thousand as at the end of the last year, which is an increase of 7.93%. |
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