AlJazira Takaful net profit grows 5% to SAR 34.8M in 9M 2025; Q3 at SAR 14.6M

AlJazira Takaful Taawuni Co. (AlJazira Takaful) posted a 5% rise in net profit to SAR 34.8 million in the first nine months of 2025, from SAR 33.1 million a year earlier.

The company said the nine-month earnings were buoyed by higher insurance revenues, which rose to SAR 266.6 million, up 6.23% from SAR 250.9 million in the same period last year, driven by business growth.

AlJazira Takaful also cited a 13.5% increase in total insurance service results to SAR 37.8 million, compared to SAR 33.3 million a year earlier.

In Q3 2025, the insurance service provider’s net earnings jumped 58.2% to SAR 14.6 million, from SAR 9.2 million in the third quarter of 2024, as insurance revenues rose to SAR 95.7 million, up 24.7% from SAR 76.7 million in Q3 2024.

The insurer reported a sharp rise of 204.6% in insurance service results to SAR 17.7 million, compared to SAR 5.8 million a year earlier, and an increase in net insurance service results to SAR 15.9 million, from SAR 6.9 million in the same period last year.

Net investment income (excluding changes in the fair value of unit-linked investments) also increased by 13% to SAR 9.5 million, compared to SAR 8.4 million in the corresponding quarter of the previous year.

Additionally, net income more than tripled quarter-on-quarter (QoQ) from SAR 4 million in Q2 2025.

Total shareholders’ equity, with no minority interest, reached SAR 992.98 million as of Sept. 30, 2025, up from SAR 953.60 million a year earlier.

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