Financial Results : Amana Insurance loses SAR 13.3M in 2025, SAR 5M in Q4

Amana Insurance loses SAR 13.3M in 2025, SAR 5M in Q4

15/03/2026 Argaam Exclusive

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Amana Cooperative Insurance Co. incurred a net loss of SAR 13.3 million in 2025, against net earnings of SAR 12 million a year earlier.



Financials (M)

Item 2024 2025 Change‬
Gross Written Premium (GWP) 226.22 340.32 50.4 %
Insurance Revenues 212.60 282.11 32.7 %
Net Income 12.03 (13.28) (210.4 %)
Average Shares 43.00 43.00 -
Earnings Per Share before unusual items (Riyals) 0.23 (0.31) (235.0 %)
EPS (Riyal) 0.28 (0.31) (210.4 %)

Net insurance service result declined by SAR 24.4 million due to higher insurance service expenses and reinsurance ceded premiums.

 

Net investment income also fell by SAR 1.1 million.

 

Other operating expenses rose by SAR 0.5 million, and Zakat provision increased by SAR 2.1 million. In addition, premium debtors' provision grew by SAR 3.9 million.

 

Meanwhile, insurance revenue increased by 33% (SAR 69.5 million) YoY, mainly due to a rise in net insurance finance income/(expenses) by SAR 0.7 million.



Current Quarter Comparison (M)

Compared With The
Item Q4 2024 Q4 2025 Change‬
Gross Written Premium (GWP) 65.90 91.08 38.2 %
Insurance Revenues 56.96 80.64 41.6 %
Net Income 0.33 (5.01) (1626.5 %)
Average Shares 43.00 43.00 -
Earnings Per Share before unusual items (Riyal) 0.01 (0.12) (1626.5 %)
EPS (Riyal) 0.01 (0.12) (1626.5 %)

The insurer swung to a net loss of SAR 5 million in Q4 2025 from a net profit of SAR 330,000 a year before.

 

Quarter-on-quarter, the company narrowed its net loss from SAR 8.02 million in Q3 2025.

Insurance Operations

Item 2024 2025 Change‬
Gross Written Premium (GWP) 226.22 340.32 50.4 %
Insurance Revenues 212.60 282.11 32.7 %
Insurance Services Income 11.68 (12.77) (209.3 %)
Investment Income 16.89 15.72 (6.9 %)
Net Profit of Insurance Services and Investment 27.91 3.00 (89.3 %)

Shareholders’ equity, no minority interest, grew to SAR 310.9 million as of Dec. 31, 2025, from SAR 312.8 million a year earlier.

 

Accumulated losses stood at SAR 187.8 million by the end of 2025, which represents 44% of the company’s capital.

 

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