Bupa Arabia 9M 2026 profit up 1% to SAR 1.03B; Q3 at SAR 344.68M

Bupa Arabia for Cooperative Insurance Co. reported a net profit of SAR 1.038 billion for the first nine months of 2026, a slight increase of 1% from SAR 1.030 million in the year-earlier period.

The profit increase was driven by a 14.04% increase in insurance revenue to SAR 16.15 billion, compared to SAR 14.16 billion, driven by business growth.

The insurer reported a 4.64% increase in insurance service results to SAR 958.51 million, compared to SAR 916.01 million a year earlier, and a 4.01% rise in net insurance service results to SAR 924.54 million from SAR 888.94 million.

Meanwhile, Bupa Arabia recorded a 12.17% increase in net investment results to SAR 626.01 million and a 9.97% increase in net other income to SAR 44.53 million.

These gains were partially offset by a 19.76% increase in other operating expenses to SAR 370.96 million, due to higher expenses to support business growth.

Profit before Zakat and income tax attributable to shareholders reached SAR 1.22 billion, an increase of 3.94%.

Total comprehensive income declined by 32.62% to SAR 775.31 million, due to fair value changes in the sukuk portfolio classified at fair value through other comprehensive income, resulting from temporary changes in market interest rate expectations.

Gross written premiums (GWP) also increased by 12.94% to SAR 18.83 billion.

Q3 2026 net profit fell 5.3% to SAR 344.68 million, from SAR 364.01 million, attributed to a one-time positive impact recorded during Q3 2025, resulting from the reversal of a Zakat provision following the settlement of Zakat assessments for prior years.

The insurer also saw an increase in other operating expenses by 24.55% to SAR 134.53 million, due to higher expenditures to support the growth of operations and a decrease in net other income by 20.24% to SAR 11.38 million.

On a sequential basis, net earnings grew 12.4%, from SAR 306.78 million.

Total shareholders’ equity (no minority interest) stood at SAR 5.88 billion by Sept. 30, 2026, compared to SAR 5.70 billion a year earlier.

View more financial results