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Wataniya Insurance records 57% leap in Q2-26 revenues

Wataniya Insurance records 57% leap in Q2-26 revenues
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WATANIYA
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-0.26% 15.14 -0.04

Riyadh – Mubasher: The net profits attributable to the shareholders of Wataniya Insurance Company increased by 36.53% to SAR 9.12 million in the first half (H1) of 2026.

The recorded gains were compared to SAR 6.68 million in H1-25, the financial results showed.

Earnings per share (EPS) jumped to EGP 0.23 in H1-26 from EGP 0.17 a year earlier.

Insurance revenues hiked by 48.66% year-on-year (YoY) to SAR 1.34 billion as of 30 June 2026 from SAR 903.08 million.

During the second quarter (Q2) of 2026, the listed company logged net profits amounting to SAR 20.40 million, up 32.10% from SAR  15.44 million in Q2-25.

The insurance revenues hit SAR 707.28 million in April-June 2026, reflecting an annual hike of 56.85% from SAR 450.91 million.

Quarterly, the Q2-26 profits fell by 4.10% from SAR 21.28 million in Q1-26, while the revenues grew by 11.33% from SAR 635.28 million.