Aljazira Takaful Reports SAR 7.46M Net Profit in Three Months 2026
JAZIRA TAKAFUL 8012.SA | 0.00 |
On 2026-05-06 08:01:42 (Saudi Time), Aljazira Takaful Taawuni Co. 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 | 98,406 | 83,758 | 17.488 | 94,996 | 3.589 |
| Result of Insurance Services | 16,410 | 31,607 | -48.081 | 9,749 | 68.324 |
| Net Profit (Loss) of The Insurance Results | 8,825 | 16,537 | -46.634 | 5,183 | 70.268 |
| Net Profit (Loss) of The Investment Results | -4,981 | 10,996 | - | 10,879 | - |
| Net Insurance Financing Expenses | 11,061 | -3,742 | - | 1,464 | 655.532 |
| Net Profit (Loss), After Zakat, Attributable To Shareholders | 7,461 | 16,112 | -53.692 | 5,003 | 49.13 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 7,461 | 18,621 | -59.932 | 13,749 | -45.734 |
| 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) | 1,014,433 | 994,297 | 2.025 |
| Profit (Loss) per Share | 0.11 | 0.24 | |
| 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 | - | - | |
| Accumulated Losses | - | - | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
Insurance revenues increased 17.49% YoY to SAR 98.41 million driven by business growth, but net profit declined 53.69% to SAR 7.46 million. The profit decrease was primarily caused by a 48.08% drop in insurance service results to SAR 16.41 million, a 46.63% decline in net insurance service results to SAR 8.83 million, and a 9.29% reduction in net investment income to SAR 7.32 million.
Quarter-on-Quarter Performance Drivers
QoQ insurance revenues increased 3.59% to 98.41 million SAR due to business growth. Net profit rose 49.13% to 7.46 million SAR, primarily driven by a 68.32% increase in insurance service results to 16.41 million SAR and a 70.27% increase in net insurance service results to 8.83 million SAR.
Other Items
The auditor issued an unmodified conclusion with no additional comments, disclaimers, or adverse opinions noted. The company reported no accumulated losses, with total shareholders' equity of SAR 1,014,433 thousand representing a 2.025% increase from the previous year. Earnings per share decreased to SAR 0.11 from SAR 0.24 in the same quarter of the previous year, calculated based on 66,000 thousand outstanding ordinary shares.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=94977&anCat=1&cs=8012&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.