Walaa earns SAR 65.84M in 9M 2026, SAR 22.67M in Q3

Walaa Cooperative Insurance Co. posted a net profit of SAR 65.84 million in the first nine months of 2026, versus a net loss of SAR 127.03 million a year earlier.

The company attributed its shift to profit for the current period from a loss in the same period last year mainly to improved insurance service results, which turned to a profit of SAR 49 million from a loss of SAR 127.8 million, higher investment income (+27.4%) and a 199.75% increase in other operating income. These gains were partly offset by an 11.37% decline in insurance revenue and a 32.66% increase in other operating expenses.

Similarly, the insurance services provider turned to a profit of SAR 22.67 million in Q3 2026, against a net loss of SAR 9.72 million in Q3 2025.

The return to profitability was mainly driven by improved insurance service results, which reached a profit of SAR 34.6 million versus a loss of SAR 27.3 million a year earlier, and a 302.07% increase in other operating income. These gains were partly offset by investment losses of SAR 2.8 million, compared with investment income of SAR 31.1 million in the same quarter last year, a 49.16% rise in other operating expenses, and an 11.56% decline in insurance revenue.

On a quarterly basis, net profit fell by 16% from SAR 26.99 million in Q2 2026.

Total shareholders’ equity, with no minority interest, rose to SAR 1.73 billion as of Sept. 30, 2026, from SAR 1.70 billion a year earlier.

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