Saudi Enaya turns to SAR 1.4M net profit in 9M 2025, earns SAR 727,000 in Q3

05/11/2025 Argaam Exclusive

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Saudi Enaya Cooperative Insurance Co. (Saudi Enaya) reported a net profit of SAR 1.4 million for the first nine months of 2025, versus a net loss of SAR 17.4 million in the year-ago period.

Financials (M)

Item	9m 2024	9m 2025	Change‬
Gross Written Premium (GWP)	181.24	81.84	(54.8 %)
Insurance Revenues	175.80	139.31	(20.8 %)
Net Profit Before Zakat & Tax	(15.54)	3.44	122.1 %
Net Income	(17.44)	1.41	108.1 %
Average Shares	23.00	23.00	-
Earnings Per Share before unusual items (Riyals)	(0.76)	0.06	108.1 %
EPS (Riyal)	(0.76)	0.06	108.1 %

Insurance service results increased 149.67% year-on-year (YoY), principally driven by a decrease in claims incurred. This favorable movement was partially set off by a decline of 34.63% YoY in net investment results for the current period. Additionally, other operating expenses increased 27.63% YoY. Moreover, gross written premiums (GWPs) for the current period dropped 54.85% during the nine-month period.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2024	Q3 2025	Change‬
Gross Written Premium (GWP)	79.58	26.63	(66.5 %)
Insurance Revenues	58.81	34.41	(41.5 %)
Net Profit Before Zakat & Tax	(14.57)	0.98	106.7 %
Net Income	(15.17)	0.73	104.8 %
Average Shares	23.00	23.00	-
Earnings Per Share before unusual items (Riyal)	(0.66)	0.03	104.8 %
EPS (Riyal)	(0.66)	0.03	104.8 %

Item	Q2 2025	Q3 2025	Change‬
Gross Written Premium (GWP)	23.04	26.63	15.6 %
Insurance Revenues	49.04	34.41	(29.8 %)
Net Profit Before Zakat & Tax	1.85	0.98	(47.2 %)
Net Income	0.17	0.73	330.2 %
Average Shares	23.00	23.00	-
Earnings Per Share before unusual items (Riyal)	0.01	0.03	330.2 %
EPS (Riyal)	0.01	0.03	330.2 %

The third-quarter net profit stood at SAR 727,000, against a net loss of 15.17 million in Q3 2024.

Sequentially, the three-month bottom line increased by over fourfold from SAR 0.17 million in Q2 2025.

Insurance Operations

Item	9m 2024	9m 2025	Change‬
Gross Written Premium (GWP)	181.24	81.84	(54.8 %)
Insurance Revenues	175.80	139.31	(20.8 %)
Insurance Services Income	(17.34)	8.61	149.7 %
Investment Income	10.94	7.15	(34.6 %)
Net Profit of Insurance Services and Investment	(6.41)	15.76	345.9 %

Total shareholders’ equity, no minority interest, decreased to SAR 162.82 million at the end of Sept. 30, 2025, from SAR 170.74 million in the year-earlier period.

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