IssuerAnnouncementDetailsV2Portlet
Bupa Arabia for Cooperative Insurance Co. announces its Annual Consolidated Financial Results for the Period Ending on 2025-12-31
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Insurance Revenues | 19,303,064 | 18,101,517 | 6.64 | ||
| Result of Insurance Services | 922,024 | 1,068,057 | -13.67 | ||
| Net Profit (Loss) of The Insurance Results | 877,248 | 998,096 | -12.11 | ||
| Net Profit (Loss) of The Investment Results | 730,728 | 672,374 | 8.68 | ||
| Net Insurance Financing Expenses | - | - | - | ||
| Net Profit (Loss), After Zakat, Attributable To Shareholders | 1,079,092 | 1,166,002 | -7.45 | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 1,164,187 | 1,087,543 | 7.05 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 5,628,141 | 5,151,380 | 9.26 | ||
| Profit (Loss) per Share | 7.23 | 7.79 | |||
| 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 | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in revenues during the current year compared to the last year is | Insurance revenue for the current year amounted to SR 19,303,064K, compared to SR 18,101,517K during the previous year, an increase of 6.64%, which was principally driven by business growth and increase in insured lives. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | Profit before zakat and income tax attributable to shareholders for the current year amounted to SR 1,252,757K, compared to SR1,372,626K during the previous year, a decrease of 8.73%. Net profit after zakat and income tax attributable to shareholders for the current year amounted to SR 1,079,092K, compared to SR 1,166,002K during the previous year, a decrease of 7.45%, which was due to the following main reasons: • Insurance service result for the current year amounted to SR 922,024K, compared to SR 1,068,057K during the previous year, a decrease of 13.67%, which was principally driven by increased inflationary trends, adversely affecting margins during the year. • Net insurance service result for the current year amounted to SR 877,248K, compared to SR 998,096K during the previous year, a decrease of 12.11%, which was principally driven by increased inflationary trends, adversely affecting margins during the year. • Other operating expenses for the current year amounted to SR 410,654K, compared to SR 348,648K during the previous year, an increase of 17.78%, arising from increased expenditure to support business growth. These unfavorable movements were partially offset by the following: • Net investment results for the current year amounted to SR 730,728K, compared to SR 672,374K during the previous year, an increase of 8.68%. • Net other revenue for the current year amounted to SR 55,435K, compared to SR 50,804K during the previous year, an increase of 9.12%. Total comprehensive income for the current year amounted to SR 1,164,187K, compared to SR 1,087,543K during the previous year, an increase of 7.05%. Moreover, Gross Written Premiums (GWP) for the current year amounted to SR 20,491,414K, compared to SR 18,394,132K during the previous year, an increase of 11.40%. |
| Statement of the type of external auditor's report | Unmodified opinion |
| 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 | No reclassification |
| Additional Information | The earnings per share (EPS) for the current year is SR 7.23 per share versus SR 7.79 per share for the previous year which is calculated by dividing the net income attributed to the shareholders after zakat and income tax of SR 1,079,092K over the adjusted weighted average number of ordinary outstanding shares of 149,235K for the current year and SR 1,166,002K over 149,646K shares for the previous year. Total shareholders’ equity (after deducting the minority’s interest) as at the end of the current year is SR 5,628,141K versus SR 5,151,380K as at the end of the previous year, an increase of 9.26%. Total equity as at the end of the current year is SR 5,672,970K versus SR 5,117,997K as at the end of the previous year, an increase of 10.84%. |
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.