Al-Rajhi Takaful Reports SAR 113.50M Net Profit in Three Months 2026
ALRAJHI TAKAFUL 8230.SA | 0.00 |
On 2026-05-04 08:29:08 (Saudi Time), Al-Rajhi Takaful Company for Cooperative Insurance announced its Interim financial results for the three months ended on March 31, 2026.
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Insurance Revenues | 1,505,230 | 1,205,906 | 24.821 | 1,377,509 | 9.271 |
| Result of Insurance Services | 207,515 | 166,156 | 24.891 | 260,906 | -20.463 |
| Net Profit (Loss) of The Insurance Results | 115,320 | 90,746 | 27.079 | 196,364 | -41.272 |
| Net Profit (Loss) of The Investment Results | 183,454 | 52,952 | 246.453 | -448,584 | - |
| Net Insurance Financing Expenses | -129,487 | -10,335 | 1,152.897 | 466,045 | - |
| Net Profit (Loss), After Zakat, Attributable To Shareholders | 113,501 | 90,797 | 25.005 | 166,986 | -32.029 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 134,061 | 86,710 | 54.608 | 183,572 | -26.97 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 2,669,752 | 2,174,383 | 22.782 |
| Profit (Loss) per Share | 1.14 | 0.91 | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
Insurance revenues increased 24.82% YoY to 1.51 million SAR driven by higher business volume. Net profit after zakat attributable to shareholders rose 25.005% YoY to 0.11 million SAR, primarily due to improved insurance service results before retakaful which increased 24.891% and significantly higher investment income of 0.18 million SAR compared to 0.05 million SAR in the prior year, largely from fair value movements in unit holders' fund investments.
Quarter-on-Quarter Performance Drivers
QoQ insurance revenues increased 9.27% to 1,505.23 million driven by higher business volume. However, net profit declined 32.03% to 113.50 million primarily due to the absence of positive prior years claims development that benefited the previous quarter, resulting in insurance service results dropping 20.46%. Investment income improved significantly from negative 448.58 million to positive 183.45 million, mainly due to favorable fair value movements in unit holders' fund investments.
Other Items
Al-Rajhi Takaful Company received an unmodified conclusion from external auditors with no comments mentioned in other matter, conservation, notice, disclaimer of opinion, or adverse opinion paragraphs. The company reported earnings per share of SAR 1.14 for the current quarter compared to SAR 0.91 for the similar quarter of the previous year. Total shareholders equity increased 22.782% to SAR 2,669,752K compared to SAR 2,174,383K at the end of the similar quarter for the previous year. Total comprehensive income attributable to shareholders rose 54.608% to SAR 134,061K compared to SAR 86,710K during the similar quarter for the previous year.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=94913&anCat=1&cs=8230&locale=arImportant Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.