Financial Results : AlJazira Takaful H1 2025 profit down 15% to SAR 20.2M; Q2 at SAR 4.1M

AlJazira Takaful H1 2025 profit down 15% to SAR 20.2M; Q2 at SAR 4.1M

04/08/2025 Argaam Exclusive

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AlJazira Takaful Taawuni Co. (AlJazira Takaful) reported a net profit of SAR 20.19 million in H1 2025, a decline of 15.4% from SAR 23.87 million in H1 2024.



Financials (M)

Item 6m 2024 6m 2025 Change‬
Gross Written Premium (GWP) 174.41 204.40 17.2 %
Insurance Revenues 174.24 170.90 (1.9 %)
Net Profit Before Zakat & Tax 26.27 22.64 (13.8 %)
Net Income 23.87 20.19 (15.4 %)
Average Shares 66.00 66.00 -
Earnings Per Share before unusual items (Riyals) 0.36 0.31 (15.4 %)
EPS (Riyal) 0.36 0.31 (15.4 %)

Profits declined due to a 1.92% year-on-year (YoY) drop in insurance revenue, which amounted to SAR 170.89 million compared to SAR 174.23 million in the same period last year, primarily due to higher unearned premium reserves.

 

Additionally, insurance service results fell by 16.94% to SAR 21.89 million, down from SAR 26.35 million a year earlier.



Current Quarter Comparison (M)

Compared With The
Item Q2 2024 Q2 2025 Change‬
Gross Written Premium (GWP) 81.45 97.20 19.3 %
Insurance Revenues 82.27 87.14 5.9 %
Net Profit Before Zakat & Tax 12.48 5.37 (57.0 %)
Net Income 11.09 4.08 (63.2 %)
Average Shares 66.00 66.00 -
Earnings Per Share before unusual items (Riyal) 0.17 0.06 (63.2 %)
EPS (Riyal) 0.17 0.06 (63.2 %)

Q2 2025 net profit dropped 63.2% to SAR 4.1 million, from SAR 11.1 million in the prior-year period.

 

On a quarterly basis, net earnings fell 74.7% from SAR 16.11 million in Q2 2025.

Insurance Operations

Item 6m 2024 6m 2025 Change‬
Gross Written Premium (GWP) 174.41 204.40 17.2 %
Insurance Revenues 174.24 170.90 (1.9 %)
Insurance Services Income 26.36 21.89 (17.0 %)
Investment Income 132.50 64.97 (51.0 %)
Net Profit of Insurance Services and Investment 41.26 36.69 (11.1 %)

Total shareholders’ equity, excluding employee benefit obligations, stood at SAR 978.57 million by the end of the current period, compared to SAR 964.14 billion a year earlier.

 

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