Bupa Arabia Q1 2026 profit up 2% to SAR 387.3M

Bupa Arabia for Cooperative Insurance Co.’s net profit for Q1 2026 rose by 2% to SAR 387.3 million from SAR 380.2 million a year earlier.

Current Quarter Comparison (M)

Compared With The

Item	Q1 2025	Q1 2026	Change‬
Gross Written Premium (GWP)	6,440.96	7,541.73	17.1 %
Insurance Revenues	4,409.76	5,240.38	18.8 %
Net Profit Before Zakat & Tax	443.70	453.17	2.1 %
Net Income	380.23	387.30	1.9 %
Average Shares	150.00	150.00	-
Earnings Per Share before unusual items (Riyal)	2.53	2.58	1.9 %
EPS (Riyal)	2.53	2.58	1.9 %

Item	Q4 2025	Q1 2026	Change‬
Gross Written Premium (GWP)	3,817.56	7,541.73	97.6 %
Insurance Revenues	5,133.45	5,240.38	2.1 %
Net Profit Before Zakat & Tax	74.99	453.17	504.3 %
Net Income	48.60	387.30	696.9 %
Average Shares	150.00	150.00	-
Earnings Per Share before unusual items (Riyal)	0.32	2.58	696.9 %
EPS (Riyal)	0.32	2.58	696.9 %

The profit growth was driven by an 18.84% year-on-year (YoY) rise in insurance revenue, supported by business growth and higher policyholder numbers, alongside a 5.49% YoY increase in net investment income to SAR 196.4 million.

Other income also rose by 40.68% YoY to SAR 17.9 million.

The insurer reported a 6.88% YoY decline in insurance service results due to inflationary pressures, partially offset by lower reinsurance costs, resulting in a 2.76% YoY increase in net insurance service results to SAR 360.9 million.

Sequentially, net profit for Q1 2026 skyrocketed by 697% from SAR 48.6 million in Q4 2025.

Shareholders’ equity stood at SAR 5.86 billion as of March 31, 2026, compared to SAR 5.57 billion a year earlier.

Insurance Operations

Item	3m 2025	3m 2026	Change‬
Gross Written Premium (GWP)	6,440.96	7,541.73	17.1 %
Insurance Revenues	4,409.76	5,240.38	18.8 %
Insurance Services Income	351.19	360.87	2.8 %
Investment Income	186.22	196.43	5.5 %
Net Profit of Insurance Services and Investment	537.40	557.30	3.7 %

View more financial results

View other reports

Share Price

Bupa Arabia for Cooperative Insurance Co. (BUPA ARABIA)

	Current
Market Cap (M Riyal)	27,015.03
Shares Outstanding (M)	150.00
EPS ( Riyal) (TTM)	7.24
Book Value (BV) ( Riyal)	39.07
Par Value ( Riyal)	10.00
Recurring P/E	25.67
P/E (TTM)	24.87
Price/Book	4.61
Return on Average Assets (%) (TTM)	6.6
Return on Average Equity (%) (TTM)	19.0
Return on Market Cap (%)	4.1

Period	Net Income	Change	EPS(Riyal)	Net Profit Before Zakat & Tax	Change
Q1 2017	17.90	(67.6 %)	0.12	36.69	-
Q2 2017	126.99	6.2 %	0.85	145.77	-
Q3 2017	198.19	(18.9 %)	1.32	216.98	-
Q4 2017	78.30	(25.7 %)	0.52	101.17	-
2017	421.39	(19.7 %)	2.81	500.61	-
Q1 2018	(13.22)	(173.8 %)	(0.09)	9.35	(74.5 %)
Q2 2018	157.39	23.9 %	1.05	178.86	22.7 %
Q3 2018	226.43	14.2 %	1.51	244.78	12.8 %
Q4 2018	72.03	(8.0 %)	0.48	92.44	(8.6 %)
2018	442.62	5.0 %	2.95	525.43	5.0 %
Q1 2019	69.84	628.3 %	0.47	94.12	906.9 %
Q2 2019	186.03	18.2 %	1.24	216.07	20.8 %
Q3 2019	226.58	0.1 %	1.51	260.40	6.4 %
Q4 2019	105.66	46.7 %	0.70	142.05	53.7 %
2019	593.80	34.2 %	3.96	712.65	35.6 %
Q1 2020	99.74	42.8 %	0.66	125.66	33.5 %
Q2 2020	387.91	108.5 %	2.59	443.06	105.0 %
Q3 2020	139.62	(38.4 %)	0.93	170.07	(34.7 %)
Q4 2020	68.87	(34.8 %)	0.46	84.89	(40.2 %)
2020	696.13	17.2 %	4.64	823.67	15.6 %
Q1 2021	139.90	40.3 %	0.93	175.42	39.6 %
Q2 2021	287.96	(25.8 %)	1.92	333.61	(24.7 %)
Q3 2021	177.72	27.3 %	1.18	228.28	34.2 %
Q4 2021	19.99	(71.0 %)	0.13	(6.61)	(107.8 %)
2021	625.57	(10.1 %)	4.17	730.70	(11.3 %)
Q1 2022	60.28	(56.9 %)	0.40	103.54	(41.0 %)
Q2 2022	239.12	(17.0 %)	1.59	274.50	(17.7 %)
Q3 2022	359.48	102.3 %	2.40	415.66	82.1 %
Q4 2022	146.24	631.5 %	0.97	175.46	2756.5 %
2022	805.12	28.7 %	5.37	969.16	32.6 %
Q1 2023	188.60	212.9 %	1.26	230.14	122.3 %
Q2 2023	371.35	55.3 %	2.48	432.30	57.5 %
Q3 2023	275.35	(23.4 %)	1.84	328.09	(21.1 %)
Q4 2023	104.87	(28.3 %)	0.70	126.15	(28.1 %)
2023	940.16	16.8 %	6.27	1,116.68	15.2 %
Q1 2024	359.42	90.6 %	2.40	416.12	80.8 %
Q2 2024	404.60	9.0 %	2.70	464.81	7.5 %
Q3 2024	356.28	29.4 %	2.38	421.39	28.4 %
Q4 2024	45.69	(56.4 %)	0.30	70.31	(44.3 %)
2024	1,166.00	24.0 %	7.77	1,372.63	22.9 %
Q1 2025	380.23	5.8 %	2.53	443.70	6.6 %
Q2 2025	286.25	(29.3 %)	1.91	331.83	(28.6 %)
Q3 2025	364.01	2.2 %	2.43	402.24	(4.5 %)
Q4 2025	48.60	6.4 %	0.32	74.99	6.7 %
2025	1,079.09	(7.5 %)	7.19	1,252.76	(8.7 %)
Q1 2026	387.30	1.9 %	2.58	453.17	2.1 %

Period	Net Income	Change	EPS(Riyal)	Net Profit Before Zakat & Tax	Change
2016	524.66	(15.2 %)	3.50	-	-
2017	421.39	(19.7 %)	2.81	500.61	-
2018	442.62	5.0 %	2.95	525.43	5.0 %
2019	593.80	34.2 %	3.96	712.65	35.6 %
2020	696.13	17.2 %	4.64	823.67	15.6 %
2021	625.57	(10.1 %)	4.17	730.70	(11.3 %)
2022	805.12	28.7 %	5.37	969.16	32.6 %
2023	940.16	16.8 %	6.27	1,116.68	15.2 %
2024	1,166.00	24.0 %	7.77	1,372.63	22.9 %
2025	1,079.09	(7.5 %)	7.19	1,252.76	(8.7 %)

Insurance Operations Performance (M)

Compared With The

Period	Gross Written Premium (GWP)	Change	Insurance Services Income	Change	Net Profit of Insurance Services and Investment	Change
Q1 2017	2,252.77	(7.9 %)	-	-	-	-
Q2 2017	1,847.78	1.1 %	-	-	-	-
Q3 2017	2,522.63	(2.2 %)	-	-	-	-
Q4 2017	1,109.79	2.2 %	-	-	-	-
2017	7,732.96	(2.6 %)	-	-	-	-
Q1 2018	2,489.16	10.5 %	-	-	-	-
Q2 2018	2,019.61	9.3 %	-	-	-	-
Q3 2018	2,831.88	12.3 %	-	-	-	-
Q4 2018	1,226.00	10.5 %	-	-	-	-
2018	8,566.65	10.8 %	-	-	-	-
Q1 2019	2,905.45	16.7 %	-	-	-	-
Q2 2019	2,438.80	20.8 %	-	-	-	-
Q3 2019	3,076.44	8.6 %	-	-	-	-
Q4 2019	1,990.18	62.3 %	-	-	-	-
2019	10,410.87	21.5 %	-	-	-	-
Q1 2020	3,469.98	19.4 %	-	-	-	-
Q2 2020	2,243.22	(8.0 %)	-	-	-	-
Q3 2020	3,076.18	0.0 %	-	-	-	-
Q4 2020	1,657.98	(16.7 %)	-	-	-	-
2020	10,447.35	0.4 %	-	-	-	-
Q1 2021	3,252.78	(6.3 %)	-	-	-	-
Q2 2021	2,569.72	14.6 %	-	-	-	-
Q3 2021	3,458.78	12.4 %	-	-	-	-
Q4 2021	2,100.91	26.7 %	-	-	-	-
2021	11,382.19	8.9 %	-	-	-	-
Q1 2022	4,222.42	29.8 %	68.53	-	151.00	-
Q2 2022	3,001.28	16.8 %	190.77	-	298.31	-
Q3 2022	4,176.34	20.7 %	306.25	-	481.46	-
Q4 2022	2,496.85	18.8 %	72.09	-	259.00	-
2022	13,896.88	22.1 %	637.63	-	1,189.76	-
Q1 2023	5,409.46	28.1 %	168.48	145.9 %	270.92	79.4 %
Q2 2023	3,880.10	29.3 %	372.02	95.0 %	495.11	66.0 %
Q3 2023	4,616.25	10.5 %	257.05	(16.1 %)	398.38	(17.3 %)
Q4 2023	2,762.93	10.7 %	67.48	(6.4 %)	213.91	(17.4 %)
2023	16,668.74	19.9 %	865.04	35.7 %	1,378.31	15.8 %
Q1 2024	7,249.44	34.0 %	321.60	90.9 %	479.75	77.1 %
Q2 2024	3,616.70	(6.8 %)	377.33	1.4 %	560.18	13.1 %
Q3 2024	4,181.45	(9.4 %)	343.79	33.7 %	517.47	29.9 %
Q4 2024	3,346.54	21.1 %	(44.62)	(166.1 %)	113.07	(47.1 %)
2024	18,394.13	10.4 %	998.10	15.4 %	1,670.47	21.2 %
Q1 2025	6,440.96	(11.2 %)	351.19	9.2 %	537.40	12.0 %
Q2 2025	5,593.79	54.7 %	229.08	(39.3 %)	413.65	(26.2 %)
Q3 2025	4,639.11	10.9 %	308.67	(10.2 %)	495.99	(4.2 %)
Q4 2025	3,817.56	14.1 %	(11.69)	73.8 %	160.94	42.3 %
2025	20,491.41	11.4 %	877.25	(12.1 %)	1,607.98	(3.7 %)
Q1 2026	7,541.73	17.1 %	360.87	2.8 %	557.30	3.7 %

Period	Gross Written Premium (GWP)	Change	Insurance Services Income	Change	Net Profit of Insurance Services and Investment	Change
2016	7,938.63	8.3 %	-	-	-	-
2017	7,732.96	(2.6 %)	-	-	-	-
2018	8,566.65	10.8 %	-	-	-	-
2019	10,410.87	21.5 %	-	-	-	-
2020	10,447.35	0.4 %	-	-	-	-
2021	11,382.19	8.9 %	-	-	-	-
2022	13,896.88	22.1 %	637.63	-	1,189.76	-
2023	16,668.74	19.9 %	865.04	35.7 %	1,378.31	15.8 %
2024	18,394.13	10.4 %	998.10	15.4 %	1,670.47	21.2 %
2025	20,491.41	11.4 %	877.25	(12.1 %)	1,607.98	(3.7 %)

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Earnings Per Share before unusual items (Riyal)	Book Value (BV)
Q1 2017	150.00	3.25	3.25	13.66
Q2 2017	150.00	3.30	3.30	13.63
Q3 2017	150.00	2.99	2.99	14.95
Q4 2017	150.00	2.81	2.81	15.48
Q1 2018	150.00	2.60	2.60	15.38
Q2 2018	150.00	2.80	2.80	15.36
Q3 2018	150.00	2.99	2.99	16.74
Q4 2018	150.00	2.95	2.95	17.33
Q1 2019	150.00	3.50	3.50	17.80
Q2 2019	150.00	3.70	3.70	19.25
Q3 2019	150.00	3.70	3.70	19.50
Q4 2019	150.00	3.92	3.92	20.22
Q1 2020	150.00	4.12	4.12	20.63
Q2 2020	150.00	5.47	5.47	23.84
Q3 2020	150.00	4.89	4.89	25.22
Q4 2020	150.00	4.64	4.64	25.86
Q1 2021	150.00	4.91	4.91	26.91
Q2 2021	150.00	4.24	4.24	26.64
Q3 2021	150.00	4.50	4.50	27.92
Q4 2021	150.00	4.17	4.17	27.91
Q1 2022	150.00	3.64	3.64	27.91
Q2 2022	150.00	3.31	3.31	25.70
Q3 2022	150.00	4.53	4.53	27.40
Q4 2022	150.00	5.37	5.37	28.01
Q1 2023	150.00	6.22	6.22	29.43
Q2 2023	150.00	7.10	7.10	28.32
Q3 2023	150.00	6.54	6.54	29.82
Q4 2023	150.00	6.27	6.27	31.17
Q1 2024	150.00	7.41	7.41	33.24
Q2 2024	150.00	7.63	7.63	31.81
Q3 2024	150.00	8.17	8.17	34.74
Q4 2024	150.00	7.77	7.74	34.34
Q1 2025	150.00	7.91	7.88	37.20
Q2 2025	150.00	7.12	7.09	34.98
Q3 2025	150.00	7.17	6.91	38.07
Q4 2025	150.00	7.19	6.97	37.82
Q1 2026	150.00	7.24	7.02	39.07

Period	Shares Outstanding (M)	EPS (Riyal)	Earnings Per Share before unusual items (Riyal)	Book Value (BV)
2016	150.00	3.50	3.50	13.51
2017	150.00	2.81	2.81	15.48
2018	150.00	2.95	2.95	17.33
2019	150.00	3.96	3.96	20.22
2020	150.00	4.64	4.64	25.86
2021	150.00	4.17	4.17	27.91
2022	150.00	5.37	5.37	28.01
2023	150.00	6.27	6.27	31.17
2024	150.00	7.77	7.74	34.34
2025	150.00	7.19	6.97	37.82

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Recurring P/E
Q1 2017	19.21	19.21
Q2 2017	21.28	21.28
Q3 2017	21.08	21.08
Q4 2017	17.66	17.66
Q1 2018	19.41	19.41
Q2 2018	17.10	17.10
Q3 2018	19.25	19.25
Q4 2018	21.97	21.97
Q1 2019	19.27	19.27
Q2 2019	21.09	21.09
Q3 2019	23.03	23.03
Q4 2019	20.90	20.90
Q1 2020	17.75	17.75
Q2 2020	15.99	15.99
Q3 2020	20.11	20.11
Q4 2020	21.07	21.07
Q1 2021	19.50	19.50
Q2 2021	23.43	23.43
Q3 2021	26.55	26.55
Q4 2021	25.21	25.21
Q1 2022	39.35	39.35
Q2 2022	38.49	38.49
Q3 2022	29.77	29.77
Q4 2022	26.79	26.79
Q1 2023	27.93	27.93
Q2 2023	26.12	26.12
Q3 2023	31.79	31.79
Q4 2023	34.05	34.05
Q1 2024	34.70	34.70
Q2 2024	32.35	32.35
Q3 2024	25.37	25.37
Q4 2024	26.63	26.76
Q1 2025	22.32	22.42
Q2 2025	25.00	25.13
Q3 2025	22.98	23.86
Q4 2025	19.31	19.93
Q1 2026	24.31	25.09

Period	P/E	Recurring P/E
2016	20.04	20.04
2017	17.66	17.66
2018	21.97	21.97
2019	20.70	20.70
2020	21.07	21.07
2021	25.21	25.21
2022	26.79	26.79
2023	34.05	34.05
2024	26.63	26.76
2025	19.31	19.93

Business Segments - Gross Premium Written (Million)

Compared With The

Period	Major	Non- Major
Q1 2016	1,504.69	941.34
Q2 2016	929.82	897.90
Q3 2016	1,964.90	613.76
Q4 2016	472.57	613.65
Q1 2017	1,338.07	914.70
Q2 2017	976.58	871.20
Q3 2017	1,937.31	585.32
Q4 2017	475.43	634.35
Q1 2018	1,507.53	981.63
Q2 2018	1,176.61	842.99
Q3 2018	2,217.87	614.02
Q4 2018	552.93	673.07
Q1 2019	1,789.24	1,116.21
Q2 2019	1,465.71	973.09
Q3 2019	2,395.16	681.28
Q4 2019	1,197.99	792.18
Q1 2020	2,315.21	1,154.77
Q2 2020	1,357.96	885.26
Q3 2020	2,388.63	687.54
Q4 2020	910.77	747.22
Q1 2021	2,099.04	1,153.74
Q2 2021	1,571.24	998.48
Q3 2021	2,634.17	824.61
Q4 2021	1,124.05	976.87

Period	Major	Non- Major
2016	4,871.98	3,066.65
2017	4,727.40	3,005.56
2018	5,454.93	3,111.72
2019	6,848.10	3,562.77
2020	6,972.56	3,474.79
2021	7,428.50	3,953.69

Twitter

Facebook

Linked in

Comments {{getCommentCount()}}

Be the first to comment

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

Sorry: the validity period has ended to comment on this news

Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Bupa Arabia Q1 2026 profit up 2% to SAR 387.3M

Current Quarter Comparison (M)

Insurance Operations

View other reports

Share Price

Bupa Arabia for Cooperative Insurance Co. (BUPA ARABIA)

Financial Ratios

Financial results (Million)

Financial results (Million)

Insurance Operations Performance (M)

Insurance Operations Performance (M)

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments - Gross Premium Written (Million)

Revenue by Business Segment (Latest) 2026 Q1

Comments {{getCommentCount()}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}}

Popular Links

Quick Links

About Us

Join Us

Follow Us

Bupa Arabia Q1 2026 profit up 2% to SAR 387.3M

Current Quarter Comparison (M)

Insurance Operations

View other reports

Share Price

Bupa Arabia for Cooperative Insurance Co. (BUPA ARABIA)

Financial Ratios

Financial results (Million)

Financial results (Million)

Insurance Operations Performance (M)

Insurance Operations Performance (M)

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments - Gross Premium Written (Million) Q4 2021

Revenue by Business Segment (Latest) 2026 Q1

Comments {{getCommentCount()}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}}

Popular Links

Quick Links

About Us

Join Us

Follow Us

Business Segments - Gross Premium Written (Million)