Walaa loses SAR 127M in 9M 2025, SAR 9.7M in Q3

Walaa Cooperative Insurance Co. posted a net loss of SAR 127 million in the first nine months of 2025, versus a net profit of SAR 84.4 million a year earlier.

The company reported a 4.5% year-on-year (YoY) decline in insurance revenue to SAR 2.4 billion, mainly due to weaker performance in medical, motor, energy, and engineering, as well as the protection and savings segment. The drop was partly offset by stronger property and general insurance revenues.

Net insurance services loss widened to SAR 127.8 million, compared with a SAR 13.6 million loss a year earlier, mainly driven by higher losses in the motor, engineering, and protection & savings lines.

Investment income fell 60.5% to SAR 47.2 million, reflecting realized and unrealized losses on equities versus gains in the prior year.

Other income dropped 90.46% YoY to SAR 2.1 million, as last year’s figure included one-off land disposal gains of SAR 20.3 million.

Other operating expenses rose 13.9% to SAR 31.3 million, compared with SAR 27.5 million in the year-ago period.

Similarly, the insurance services provider sustained in Q3 2025 net losses of SAR 9.7 million, against a net income of SAR 20.1 million in Q3 2024.

On a quarterly basis, net losses shrank by 80.3% from SAR 49.3 million in Q2 2025.

Total shareholders’ equity, with no minority interest, rose to SAR 1.70 billion as of Sept. 30, 2025, from SAR 1.35 billion a year earlier.

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