LIVA Insurance Reports SAR 16.49M Net Profit in the Six Months 2026
LIVA 8280.SA | 0.00 |
On 2026-08-03 09:20:21 (Saudi Time), LIVA Insurance Co. announced its Interim financial results for the six months ended on June 30, 2026.
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Insurance Revenues | 228,260 | 136,232 | 67.552 | 183,055 | 24.694 |
| Result of Insurance Services | 39,594 | 24,315 | 62.837 | 12,306 | 221.745 |
| Net Profit (Loss) of The Insurance Results | 7,361 | -1,300 | - | 1,161 | 534.022 |
| Net Profit (Loss) of The Investment Results | 11,189 | 8,606 | 30.013 | 10,003 | 11.856 |
| Net Insurance Financing Expenses | -578 | -540 | 7.037 | -1,427 | -59.495 |
| Net Profit (Loss), After Zakat, Attributable To Shareholders | 9,256 | 3,415 | 171.039 | 7,231 | 28.004 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 9,256 | 3,415 | 171.039 | 7,231 | 28.004 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Insurance Revenues | 411,315 | 261,368 | 57.37 |
| Result of Insurance Services | 51,900 | 47,487 | 9.293 |
| Net Profit (Loss) of The Insurance Results | 8,522 | -4,848 | - |
| Net Profit (Loss) of The Investment Results | 21,192 | 17,492 | 21.152 |
| Net Insurance Financing Expenses | -2,005 | -1,401 | 43.112 |
| Net Profit (Loss), After Zakat, Attributable To Shareholders | 16,487 | 5,257 | 213.619 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 16,487 | 7,766 | 112.297 |
| Total Shareholders Equity (after Deducting Minority Equity) | 495,165 | 448,317 | 10.449 |
| Profit (Loss) per Share | 0.41 | 0.13 | |
| 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
For the six-month period ending 30 June 2026, insurance revenues grew 57.37% YoY to SAR 411.32 million (from SAR 261.37 million), primarily driven by strong business growth in motor and group life segments. Net profit after zakat attributable to shareholders surged 213.619% YoY to SAR 16.49 million (from SAR 5.26 million), mainly due to the net insurance service result turning positive at SAR 8.52 million compared to a loss of SAR 4.85 million in the same period last year, and a 21.152% increase in total investment income to SAR 21.19 million. These gains were partially offset by a 45.2% rise in other operating expenses to SAR 8.62 million and a SAR 1,347 thousand increase in zakat provision.
Quarter-on-Quarter Performance Drivers
QoQ insurance revenues rose 24.694% to SAR 0.23 million (SAR 228,260 thousand vs. SAR 183,055 thousand), driven by new policy issuance in motor and group life businesses. Net profit after zakat attributable to shareholders increased 28.004% QoQ to SAR 9.26 million (SAR 9,256 thousand vs. SAR 7,231 thousand), primarily due to a SAR 6,200 thousand improvement in net insurance service results stemming from higher insurance revenues. Additionally, net insurance financing expenses improved significantly, declining from SAR 1,427 thousand in the previous quarter to SAR 578 thousand in the current quarter, further supporting the bottom-line growth.
Other Items
LIVA Insurance Co.'s interim financial results for the six months ended June 30, 2026 received an unmodified conclusion from the external auditor, with no additional comments, reservations, or adverse opinions noted. Total shareholders' equity stood at SAR 495,165 thousand, up 3.4% compared to SAR 478,678 thousand for the prior year. Retained earnings at the end of the current quarter amounted to SAR 20,740 thousand, compared to SAR 4,253 thousand for the prior year. Earnings per share for the current quarter amounted to SAR 0.23, compared to SAR 0.09 during the same quarter of the previous year, based on 40,000 thousand shares outstanding as of June 30, 2026. No material risks, going concern uncertainties, or debt covenant breaches were disclosed.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97192&anCat=1&cs=8280&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.