Financial Results : LIVA Q1 2025 earnings drop 60% to SAR 1.8M

LIVA Q1 2025 earnings drop 60% to SAR 1.8M

07/05/2025 Argaam Exclusive

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LIVA Insurance Co. reported a net profit of SAR 1.8 million in Q1 2025, falling 60% from SAR 4.6 million in the year-earlier period.



Current Quarter Comparison (M)

Compared With The
Item Q1 2024 Q1 2025 Change‬
Gross Written Premium (GWP) 94.14 165.22 75.5 %
Insurance Revenues 110.54 125.14 13.2 %
Net Profit Before Zakat & Tax 6.99 2.88 (58.7 %)
Net Income 4.65 1.84 (60.3 %)
Average Shares 40.00 40.00 -
Earnings Per Share before unusual items (Riyal) 0.12 0.05 (60.3 %)
EPS (Riyal) 0.12 0.05 (60.3 %)

The profit decline was mainly driven by a SAR 7.32 million increase in insurance service expenses due to business growth, as well as a SAR 15.23 million rise in net expenses from reinsurance contracts held during the period.

 

LIVA also saw a SAR 1.26 million decline in its share of profit from the Hajj and Umrah scheme following its discontinuation.

 

However, insurance revenues increased by 13.2%, mainly driven by business growth in saving and protection, as well as property and Casualty business.

Insurance Operations

Item 3m 2024 3m 2025 Change‬
Gross Written Premium (GWP) 94.14 165.22 75.5 %
Insurance Revenues 110.54 125.14 13.2 %
Insurance Services Income 4.42 (3.55) (180.3 %)
Investment Income 7.70 8.89 15.5 %
Net Profit of Insurance Services and Investment 10.98 4.48 (59.2 %)

On a quarterly basis, net earnings dropped 82.9% from SAR 10.80 million in Q4 2024.

 

Shareholders’ equity, no minority interest, reached SAR 444.90 million as of March 31, 2025, compared to SAR 394.63 million a year earlier.

 

Accumulated losses reached SAR 20.54 million by the end of the current period, representing 5.1% of the company's capital.

 

Accumulated losses reached SAR 50.50 million, accounting for 12.63% of capital, as of March 31, 2024.

 

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