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LIVA Insurance Co. announces its Interim Financial Results for the period ending on 2025-06-30 ( Six Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Insurance Revenues | 136,232 | 102,795 | 32.527 | 125,136 | 8.867 |
| Result of Insurance Services | 24,315 | 27,408 | -11.285 | 23,172 | 4.932 |
| Net Profit (Loss) of The Insurance Results | -1,300 | 9,470 | - | -3,548 | -63.359 |
| Net Profit (Loss) of The Investment Results | 8,606 | 7,744 | 11.131 | 8,886 | -3.151 |
| Net Insurance Financing Expenses | -540 | -708 | -23.728 | -861 | -37.282 |
| Net Profit (Loss), After Zakat, Attributable To Shareholders | 3,415 | 6,602 | -48.273 | 1,842 | 85.396 |
| Total Comprehensive Income | 3,415 | 6,602 | -48.273 | 4,351 | -21.512 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Insurance Revenues | 261,368 | 213,338 | 22.513 |
| Result of Insurance Services | 47,487 | 43,031 | 10.355 |
| Net Profit (Loss) of The Insurance Results | -4,848 | 13,609 | - |
| Net Profit (Loss) of The Investment Results | 17,492 | 15,447 | 13.238 |
| Net Insurance Financing Expenses | -1,401 | -1,857 | -24.555 |
| Net Profit (Loss), After Zakat, Attributable To Shareholders | 5,257 | 11,247 | -53.258 |
| Total Comprehensive Income | 7,766 | 11,247 | -30.95 |
| Total Shareholders Equity (after Deducting Minority Equity) | 448,317 | 401,239 | 11.733 |
| Profit (Loss) per Share | 0.13 | 0.28 | |
| 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 | -17,130 | 4.3 | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the revenues during the current quarter compared to the same quarter of last year is | The insurance revenues during the current quarter increased by SAR 33,437 thousand with an increase of (32.5%) compared to same quarter for previous year, This is mainly driven by business growth in group life and property and casualty businesses. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | The Company achieved a net income after zakat of SAR 3,415 thousand during the current quarter, compared to SAR 6,602 thousand of the same quarter for the previous year. This was mainly due to the following reasons: • Increase in the insurance service expenses during the current quarter by SAR 36,530 thousand, driven by business growth. • The net expense from reinsurance contracts held during the current quarter (SAR 25,615 thousand) increased by SAR 7,677 thousand compared to the same quarter for the previous year (SAR 17,938 thousand), mainly due to the reinsurance share of premiums ceded in for large businesses written during the period. The overall decrease has been partially offset by an improvement in the following accounts: • Zakat provision during the current quarter decreased by SAR 1,295. • Net investment income grew during the current quarter by 11.1% and amounted to SAR 8,606 thousand compared to SAR 7,744 thousand in the same quarter of the previous year. |
| The reason of the increase (decrease) in the revenues during the current quarter compared to the previous quarter is | The insurance revenues during the current quarter increased by SAR 11,096 thousand, with an increase of 8.9% compared to the previous quarter. This is mainly driven by the issuance of new policies in the Company's motor and property and casualty businesses. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous quarter is | The Company achieved net income after zakat of SAR 3,415 thousand during the current quarter, compared to SAR 1,842 thousand of the previous quarter. This was mainly due to the decrease in the insurance service results during the current quarter by SAR 2,248 thousand, mainly driven by an increase in the reinsurance expenses. |
| The reason of the increase (decrease) in the revenues during the current period compared to the same period of the last year is | The insurance revenue during the current period increased by SAR 48,030 thousand with an increase of 22.5%, compared to same period last year. The increase is mainly driven by the growth of the Company's business for group life and property and casualty businesses. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | The Company achieved a net income before zakat for the current period of SAR 6,510 thousand compared to SAR 15,094 thousand for the same period last year, with a decrease of 56.9%. Net income after Zakat achieved is SAR 5,257 thousand during the current period, compared to SAR 11,247 thousand for the same period last year, with a decrease of 53.3%. This decrease in profits was mainly driven by: • The insurance service result during the current period amounted to SAR 3,642 thousand compared to SAR 13,709 thousand for the same period last year, with a decrease of 126.6%. This increase in the net profit is partly offset by: • Total investment income amounted to SAR 17,492 thousand during the current period compared to SAR 15,447 thousand for the same period last year, with an increase of 13.2%. • Other operating expenses amounted to SAR 5,939 thousand during the current period compared to SAR 12,205 thousand in the same period last year, with a decrease by 51.3%. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | None |
| Reclassification of Comparison Items | None |
| Additional Information | • The Earnings per share during the current quarter amounted to SAR 0.09 compared to SAR 0.17 during the same quarter of the previous year. The calculation of Earnings Per Share is based on the net income after zakat attributable to shareholders divided by the number of shares. • The net profit after zakat attributable to shareholders for the current quarter amounted to SAR 3,415 thousand, with a total of 40,000 thousand shares as of 30-06-2025. In comparison, during the same quarter of the previous year, the net profit after zakat attributable to shareholders was SAR 6,602 thousand, with the same number of shares, 40,000 thousand shares, as of 30-06-2024. • The total shareholders’ equity amounted to SAR 448,317 thousand compared to SAR 440,551 thousand for the last year, with an increase of 1.8%. • The total accumulated losses at the end of the current quarter are SAR 17,130 thousand, compared to an accumulated loss of SAR 20,545 thousand for the previous quarter. The total accumulated losses at the end of the current quarter represent (4.3%) of the capital compared to (5.1%) as at the end of last quarter. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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Net Change -0.15 (-1.42%)
Value Traded (Sar) 398,619.51
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