Financial Results : Al Rajhi Takaful profit falls 18% to SAR 90.8M in Q1 2025

Al Rajhi Takaful profit falls 18% to SAR 90.8M in Q1 2025

11/05/2025 Argaam Exclusive

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Al Rajhi Company for Cooperative Insurance’s (Al Rajhi Takaful) net income dropped 18% to SAR 90.8 million in Q1 2025, from SAR 111.4 million in the year-earlier period.



Current Quarter Comparison (M)

Compared With The
Item Q1 2024 Q1 2025 Change‬
Gross Written Premium (GWP) 2,032.22 2,619.21 28.9 %
Insurance Revenues 1,302.71 1,205.91 (7.4 %)
Net Income 111.38 90.80 (18.5 %)
Average Shares 100.00 100.00 -
Earnings Per Share before unusual items 1.11 0.91 (18.5 %)
EPS (Riyals) 1.11 0.91 (18.5 %)

The company cited a 7.4% decrease year-on-year (YoY) in insurance income on halting operations in motor, property, and casualty lines.

 

Insurance service results before re-Takaful decreased by 61.78% year-on-year (YoY) to SAR 166.15 million. Similarly, total investment income stood at SAR 52.95 million, compared with SAR 159.45 million in Q1 2024.

 

Al Rajhi Takaful’s net insurance finance expenses reached SAR 10.33 million. Other operating expenses amounted to SAR 36.57 million, compared to SAR 32.20 million in the previous year, an increase of 13.54% YoY.

 

Quarter-on-quarter, the Q1 net income jumped 85.5% from SAR 48.9 million as insurance service results before re-Takaful skyrocketed 250.31% YoY to SAR 166.15 million.

 

This was offset by a 9.74% fall YoY in insurance income to SAR 1.20 million.

Insurance Operations

Item 3m 2024 3m 2025 Change‬
Gross Written Premium (GWP) 2,032.22 2,619.21 28.9 %
Insurance Revenues 1,302.71 1,205.91 (7.4 %)
Insurance Services Income 113.23 90.75 (19.9 %)
Investment Income 159.45 52.95 (66.8 %)
Net Profit of Insurance Services and Investment 147.48 133.36 (9.6 %)

Total shareholders’ equity increased to SAR 2.16 billion by the end of the three-month period from SAR 1.82 billion a year earlier.

 

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