Saudi Reinsurance Co. announces its Interim Financial Results for the period ending on 2025-09-30 ( Nine Months )
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Insurance Revenues | 1,197,290,439 | 824,154,527 | 45.274 |
| Result of Insurance Services | 281,925,297 | 144,327,890 | 95.336 |
| Net Profit (Loss) of The Insurance Results | 131,682,067 | 140,751,420 | -6.443 |
| Net Profit (Loss) of The Investment Results | 105,070,423 | 417,250,335 | -74.818 |
| Net Insurance Financing Expenses | -47,162,372 | -31,237,452 | 50.98 |
| Net Profit (Loss), After Zakat, Attributable To Shareholders | 118,766,904 | 474,951,120 | -74.993 |
| Total Comprehensive Income | 121,571,566 | 468,319,529 | -74.04 |
| Total Shareholders Equity (after Deducting Minority Equity) | 2,160,805,127 | 1,615,141,568 | 33.784 |
| Profit (Loss) per Share | 0.71 | 3.69 | |
| All figures are in (Actual) 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 (Actual) 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 | The increase is mainly due to the growth of the company's business according to the company's strategy and business plan. |
| 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 reason for the decrease in net profit is due to:
-Net investment profit decreased by 90%, mainly due to the company recording an exceptional capital gains in the same quarter of the previous year from the sale of its stake in Probitas Holdings, amounting to SAR 365.9 million. -Net reinsurance results decreased by 33%. -Completion of Employee Share Program (Long-Term Incentives) and reflect the expenses. |
| The reason of the increase (decrease) in the revenues during the current quarter compared to the previous quarter is | The increase is mainly due to the growth of the company's business according to the company's strategy and business plan. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous quarter is |
The reason for the decrease in net profit is due to:
- Net reinsurance results decreased by 35%. - Net reinsurance financing expenses increased by 11%. -Completion of Employee Share Program (Long-Term Incentives) and reflect the expenses. |
| The reason of the increase (decrease) in the revenues during the current period compared to the same period of the last year is | The increase is mainly due to the growth of the company's business according to the company's strategy and business plan. |
| 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 reason for the decrease in net profit is due to:
-Net investment profit decreased by 75%, mainly due to the company recording an exceptional capital gains in the comparable period of the previous year from the sale of its stake in Probitas Holdings, amounting to SAR 365.9 million. -Net reinsurance results decreased by 6%. -Net reinsurance financing expenses increased by 51%. -Completion of Employee Share Program (Long-Term Incentives) and reflect the expenses. |
| 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 |
'- Gross written premiums for the current period amounted to SAR 2,619 million compared to SAR 1,939 million of similar period for previous year, an increase of 35%.
-The earnings per share (EPS) calculated based on Net Profit after Zakat. |