Financial Results : Amana turns to SAR 8.3M loss in 9M 2025, SAR 8M in Q3

Amana turns to SAR 8.3M loss in 9M 2025, SAR 8M in Q3

04/11/2025 Argaam Exclusive

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Amana Cooperative Insurance Co. (Amana Insurance) swung to a net loss of SAR 8.3 million in the first nine months of 2025, versus a net profit of SAR 11.7 million in the year-ago period.


Financials (M)

Item 9m 2024 9m 2025 Change‬
Gross Written Premium (GWP) 160.32 249.22 55.5 %
Insurance Revenues 155.64 201.47 29.4 %
Net Income 11.70 (8.27) (170.7 %)
Average Shares 43.00 43.00 -
Earnings Per Share before unusual items (Riyals) 0.22 (0.19) (187.0 %)
EPS (Riyal) 0.27 (0.19) (170.7 %)

The losses were driven by a decline of SAR 15.6 million year-on-year (YoY) in net insurance service results, lower net investment income and a fall in other operating income.

 

The insurer also cited higher other operating expenses and an unfavorable change in ZAKAT provision at SAR -1.6 million.



Current Quarter Comparison (M)

Compared With The
Item Q3 2024 Q3 2025 Change‬
Gross Written Premium (GWP) 66.88 97.68 46.0 %
Insurance Revenues 59.42 73.79 24.2 %
Net Income 0.17 (8.02) (4847.3 %)
Average Shares 43.00 43.00 -
Earnings Per Share before unusual items (Riyal) 0.00 (0.19) (4847.3 %)
EPS (Riyal) 0.00 (0.19) (4847.3 %)

The third-quarter net loss reached SAR 8 million, against a net profit of SAR 0.17 million in Q3 2024.

 

Sequentially, the insurer swung to a loss from net earnings of SAR 5.61 million in Q2 2025.

Insurance Operations

Item 9m 2024 9m 2025 Change‬
Gross Written Premium (GWP) 160.32 249.22 55.5 %
Insurance Revenues 155.64 201.47 29.4 %
Insurance Services Income 10.75 (4.83) (144.9 %)
Investment Income 11.94 11.07 (7.3 %)
Net Profit of Insurance Services and Investment 22.18 6.31 (71.6 %)

Total shareholders’ equity, no minority interest, rose to SAR 306.96 million at the end of Sept. 30, 2025, from SAR 294.18 million in the year-earlier period.

 

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