Wataniya Insurance profit up 37% to SAR 9.1M in H1 2026; Q2 at SAR 19.3M

05/08/2026 Argaam Exclusive

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Wataniya Insurance Co. reported a net profit of SAR 9.1 million in H1 2026 from SAR 6.7 million in the prior-year period.



Financials (Million Riyal)

Item 6m 2025 6m 2026 Change‬
Insurance Revenues 903.09 1,342.57 48.7 %
Net Profit Before Zakat & Tax 13.68 15.13 10.5 %
Net Income 6.68 9.13 36.5 %
Average Shares 40.00 40.00 -
Earnings Per Share before unusual items (Riyals) 0.17 0.23 36.5 %
EPS (Riyal) 0.17 0.23 36.5 %

The company attributed the increase to insurance revenue rising to SAR 1.34 billion from SAR 903.1 million, up 48.66%, driven by higher insurance premiums earned.

 

Net investment income increased by SAR 10.1 million (31.93%), while net insurance finance expenses declined by SAR 1.5 million (31.32%).

 

These gains were partially offset by a SAR 9 million decrease in net insurance service results from the company's direct operations.



Current Quarter Comparison (Million Riyal)

Compared With The
Item Q2 2025 Q2 2026 Change‬
Insurance Revenues 450.92 707.29 56.9 %
Net Profit Before Zakat & Tax 3.95 23.08 485.0 %
Net Income 0.45 19.33 4235.0 %
Average Shares 40.00 40.00 -
Earnings Per Share before unusual items (Riyal) 0.01 0.48 4235.0 %
EPS (Riyal) 0.01 0.48 4235.0 %

In Q2 2026, net profit soared to SAR 19.33 million from SAR 0.45 million in Q2 2025.

 

The company attributed this rise to insurance revenue increasing 56.86% to SAR 707.3 million from SAR 450.9 million, higher net insurance service results of SAR 12.3 million (+681.06%), and a SAR 5 million (+32.11%) increase in net investment income.

 

The company turned profitable from a SAR 10.21 million loss in Q1 2026.

 

The company attributed its return to profit in the current quarter to insurance revenue rising to SAR 707.3 million from SAR 635.3 million (+11.34%) and a SAR 30 million increase in net insurance service results.

 

Shareholders’ equity, with no minority interest, reached SAR 666.4 million by June 30, 2026, compared to SAR 617.8 million a year earlier.

Insurance Operations

Item 6m 2025 6m 2026 Change‬
Insurance Revenues 903.09 1,342.57 48.7 %
Insurance Services Income 7.20 (1.84) (125.6 %)
Investment Income 31.60 41.69 31.9 %
Net Profit of Insurance Services and Investment 33.90 36.49 7.6 %

View More Financial Results

 

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Share Price

Wataniya Insurance Co.
13.81
0.58 4.38 %

Wataniya Insurance Co. (WATANIYA)

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Financial Ratios
Current
Market Cap (M Riyal) 552.40
Shares Outstanding (M) 40.00
Recurring EPS ( Riyal) (TTM) 0.99
Book Value (BV) ( Riyal) 16.66
Par Value ( Riyal) 10.00
Recurring P/E (TTM) 13.97
P/E (TTM) 13.97
Price/Book 0.83
Dividend Yield (%) (Last Year) -
Return on Average Assets (%) (TTM) 1.8
Return on Average Equity (%) (TTM) 6.2
Return on Market Cap (%) 7.4
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