Bupa Arabia Q1 2025 profit up 6% to SAR 380.2M

Bupa Arabia for Cooperative Insurance Co.’s net profit for Q1 2025 rose by 6% to SAR 380.2 million from SAR 359.4 million a year earlier.

The profit increase is driven by a. 0.82% increase in insurance revenue for the current quarter to SAR 4.40 billion, compared to SAR 4.37 billion during the similar quarter of the previous year, mainly on a marginal improvement in business performance.

Insurance service result for Q1 2025 grew 15.16% to SAR 389.80 million, from SAR 338.47 million in Q1 2024, principally due to improvements in claims management and seasonal trends in claims utilization, partially offset by recognition of loss component in Q1 2025.

Net insurance service results rose 9.2% in Q1 2025 to SAR 351.18 million, from SAR 321.60 million during the similar quarter a year earlier.

Net investment results for the current quarter inched up by 17.75% to SAR 186.21 million compared to SAR 158.14 million during the similar quarter of the previous year.

Net other revenue for the current quarter amounted to SAR 12.71 million, from SAR 12.1 million a year earlier, marking an increase of 5%.

These favorable movements were partially offset by an increase of 40.52% in other operating expenses for the current quarter to SAR 106.42 million, mainly reflected ongoing investments of operation infrastructure, and internal capabilities along with non-recurring other income in prior year.

Sequentially, net profit for Q1 2024 skyrocketed by 732% from SAR 45.69 million in Q4 2024.

Shareholders’ equity stood at SAR 5.56 billion as of March 31, 2025, compared to SAR 4.99 billion a year earlier.

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