Riyadh – Mubasher: Al Rajhi Takaful Company for Cooperative Insurance logged net profits after Zakat amounting to SAR 295.19 million for the first nine months (9M) of 2026, an annual rise of 2.50% from SAR 288 million.
The Saudi insurer attributed the growth to improved medical insurance results and higher overall insurance revenues, which jumped by 16.56% year-on-year (YoY) to SAR 4.60 billion.
Likewise, the earnings per share (EPS) increased to SAR 1.48 from SAR 1.44.
For the third quarter (Q3) of 2026, net profit reached SAR 87.35 million, up 2.01% from SAR 85.63 million in the prior-year quarter.
Quarterly insurance revenue climbed by 14.92% to SAR 1.56 billion, supported by increased activity in the motor and medical segments. However, net profit declined by 7.40% compared to Q2-26, as other operating expenses surged by 25.40% due to investments in technology and sales.
Investment results for the first nine months improved by 47.40% to SAR 132.26 million. Total shareholders' equity, excluding non-controlling interests, stood at SAR 2.84 billion as of 30 September 2026, up 20.74% from SAR 2.35 billion a year earlier.
