Al Rajhi Takaful’s H1 2026 profit grows 3% to SAR 207.8M; Q2 at SAR 94.3M

Al Rajhi Takaful’s net profit increased 3% year-on-year (YoY) to SAR 207.8 million by the end of H1 2026, from SAR 202.4 million.

The company attributed the YoY profit growth to a 17.43% rise in insurance revenue to SAR 3.04 billion, driven by improved performance in motor, medical, and general insurance segments despite higher technology expenses.

Additionally, net investment results (excluding unit holders' shares) grew 22.81% YoY to SAR 126.25 million, supported by higher portfolio returns.

The company reported a net income of SAR 94.34 million for Q2 2026, down 15.4% YoY from SAR 111.57 million and 16.9% quarter-on-quarter (QoQ) from SAR 113.50 million.

YoY Performance:

The company attributed the profit decline YoY to higher general insurance claims and lower protection and savings revenue, despite gains in medical and motor insurance.

This drop was partially offset by a 10.97% rise in insurance revenue to SAR 1.53 billion, driven by the motor and medical segments.

Additionally, net investment results (excluding unit holders' shares) surged 62.02% YoY to SAR 61.25 million, supported by higher portfolio returns.

QoQ Performance:

The profit drop was mainly due to higher general insurance claims and reduced protection and savings revenue.

A 5.79% sequential decline in net investment results to SAR 61.25 million also weighed on earnings.

These impacts were partially mitigated by a 1.75% QoQ increase in insurance revenue to SAR 1.53 billion, backed by growth in motor and medical lines.

Total shareholders’ equity (with no minority interest) amounted to SAR 2.78 billion as of the end of June 2026, compared to SAR 2.29 billion a year before.

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