Financial Results : Saudi Enaya loses SAR 6.7M in 2025, SAR 8.1M in Q4

Saudi Enaya loses SAR 6.7M in 2025, SAR 8.1M in Q4

24/03/2026 Argaam Exclusive

View other reports

Saudi Enaya Cooperative Insurance Co. narrowed its net loss to SAR 6.7 million in 2025 from SAR 26.8 million a year earlier.



Financials (M)

Item 2024 2025 Change‬
Gross Written Premium (GWP) 233.81 108.71 (53.5 %)
Insurance Revenues 233.51 170.54 (27.0 %)
Net Profit Before Zakat & Tax (26.35) 1.34 105.1 %
Net Income (26.76) (6.70) 75.0 %
Average Shares 23.00 23.00 -
Earnings Per Share before unusual items (Riyals) (1.16) (0.29) 75.0 %
EPS (Riyal) (1.16) (0.29) 75.0 %

The improvement was mainly driven by a 143.47% year-on-year (YoY) increase in net insurance service results to SAR 10.85 million, compared with a loss of SAR 24.97 million in 2024, supported by lower claims and an improved loss ratio.

 

This was further reflected in a turnaround in profit before Zakat and income tax attributable to shareholders, reaching SAR 1.34 million versus a loss of SAR 26.35 million in the previous year.

 

This came despite a 26.97% YoY decline in insurance revenues to SAR 170.54 million, mainly due to lower business volumes and a decrease in the number of insured individuals.

 

The performance was also impacted by a sharp increase in Zakat and income tax expenses to SAR 8.04 million, compared to SAR 409,000 in 2024.

 

In addition, net investment income declined by 33.64% to SAR 8.92 million, alongside a 17.18% rise in other operating expenses to SAR 18.43 million.

 

Moreover, the company reported no other income during the period, compared to SAR 901,000 in 2024, while gross written premiums dropped by 53.50% to SAR 108.71 million.



Current Quarter Comparison (M)

Compared With The
Item Q4 2024 Q4 2025 Change‬
Gross Written Premium (GWP) 52.57 26.88 (48.9 %)
Insurance Revenues 57.71 31.23 (45.9 %)
Net Profit Before Zakat & Tax (10.81) (2.10) 80.6 %
Net Income (9.32) (8.11) 13.0 %
Average Shares 23.00 23.00 -
Earnings Per Share before unusual items (Riyal) (0.41) (0.35) 13.0 %
EPS (Riyal) (0.41) (0.35) 13.0 %
The insurer reported a decline in net losses to SAR 8.11 million in Q4 2025, from SAR 9.32 in Q4 2024.
 

 

Sequentially, Saudi Enaya turned to loss from SAR 0.73 million profit in Q3 2025.

Insurance Operations

Item 2024 2025 Change‬
Gross Written Premium (GWP) 233.81 108.71 (53.5 %)
Insurance Revenues 233.51 170.54 (27.0 %)
Insurance Services Income (24.97) 10.85 143.5 %
Investment Income 13.44 8.92 (33.6 %)
Net Profit of Insurance Services and Investment (11.53) 19.77 271.5 %

Shareholders’ equity, with no minority interest, fell to SAR 154.7 million as of Dec. 31, 2025, compared to SAR 161.41 million a year earlier.

 

Accumulated losses reached SAR 75.28 million by the end of the 12-month period, representing 33% of the company's capital. 

 

View More Financial Results

 

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

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

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
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.