Financial Statement

Currency : USD Riyal

Annual
Quarter

		2025
Details	Ar En	Ar En
	Million Riyal	Million Riyal

Gross Written Premiums (GWPs)	2,927.74	2,359.84
Income Statement
Insurance Revenues	1,672.50	1,129.97
Insurance Service Expenses	(1,468.14)	(987.82)
Insurance service results before reinsurance contracts held	204.36	142.14
Net income from reinsurance contracts held	(33.63)	0.39
Allocation of Reinsurance Premiums	(448.81)	(206.78)
Amounts recoverable from reinsurers for incurred claims	415.18	207.17
Profit Before Zakat & Tax	190.64	139.77
Zakat & Tax	(50.59)	(30.90)
Net Profit Before XO Items	140.04	108.86
Unusual item	0.00	365.95
Net profit	140.04	474.81
Shares Outstanding (Million)	167.31	128.70
Earnings Per Share (EPS)	0.84	3.69
Balance Sheet
Assets
Insurance contract assets	0.00	0.00
Reinsurance contract assets	1,027.90	720.06
Fixed Assets	28.50	28.86
Other fixed Assets	0.07	1.15
Intangible assets	5.27	6.16
Total Assets	4,636.71	3,418.42
Liabilities
Insurance contract liabilities	0.00	0.00
Reinsurance contract liabilities	2,222.91	1,602.07
Other liabilities	222.19	204.43
Lease liabilities	-	-
Total liabilities	2,445.10	1,806.50
Equity
Capital	1,698.10	891.00
Shareholders’ equity	2,191.62	1,611.92
Total equity	2,191.62	1,611.92
Cash Flow Statement
Operating Activities
Net Cash Flows from Operating Activities	259.42	184.89
Investment Activities
Net Cash Flows from Investment Activities	(648.49)	(200.34)
Finance Activities
Net Cash Flows from Financing Activities	417.06	(1.80)
Net change in cash and equivalents	27.98	(17.25)
Cash and cash equivalents at the beginning of the period	66.73	83.98
Cash and cash equivalents at the end of the period	94.71	66.73

Financial Statement

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