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LIVA Insurance Co. announces its Interim Financial Results for the period ending on 2026-06-30 ( Six Months )
| 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 | |||
| 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 92,028 thousand with an increase of 67.6% compared to same quarter for previous year. This is mainly driven by business growth in motor and group life 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 9,256 thousand during the current quarter compared to SAR 3,415 thousand of the same quarter for the previous year. This was mainly due to the following reasons: • Increase of the insurance service results during the current quarter by SAR 15,279 thousand, driven by business growth. • Net investment income grew during the current quarter by 30% and amounted to SAR 11,189 thousand compared to SAR 8,606 thousands in the same quarter for previous year. This increase was partly offset by: • The net expense from reinsurance contracts held during the current quarter (SAR 32,233 thousand) increased by SAR 6,618 thousand compared to the same quarter for previous year (SAR 25,615 thousand), mainly due to the growth of reinsurance share of premiums ceded for business writted during the current quarter. • Other operating expenses during the current quarter increased by SAR 3,071 thousand. • Zakat provision during the current quarter increased by SAR 1,388 thousand. |
| 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 45,205 thousand with an increase of 24.7% compared to the previous quarter. This is mainly driven by the issuance of new policies in the Company's motor and group life 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 9,256 thousand during the current quarter compared to SAR 7,231 thousand of the previous quarter. This was mainly due to the increase of the net insurance service results during the current quarter by SAR 6,200 thousand, mainly driven by an increase in the insurance revenue. |
| 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 149,947 thousand with an increase of 57.4%, compared to same period last year. The increase is mainly driven by the growth of the Company's business for motor and group life 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 19,087 thousand compared to SAR 6,510 thousand for the same period last year, with an increase of 193.2%. Net income after Zakat achieved is SAR 16,487 thousand during the current period compared to SAR 5,257 thousand for the same period last year, with an increase of 213.6%. This increase of net profits was mainly driven by: • The net insurance service result during the current period amounted to SAR 8,522 thousand compared to (SAR 4,848) thousand for the same period last year with an increase of 275.8%. • Total investment income amounted to SAR 21,192 thousand during the current period compared to SAR 17,492 thousand for the same period last year, with an increase by 21.2%. This increase in net profit was partly offset by: • Other operating expenses amounted to SAR 8,622 thousand during the current period compared to SAR 5,939 thousand the same period last year, with an increase by 45.2%. • Zakat provision during the current period increased by SAR 1,347 thousand. |
| 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 0.23 compared to SAR 0.09 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 9,256 thousand, with a total of 40,000 thousand shares as of 30-06-2026. In comparison, during the same quarter of previous year, the net profit after zakat attributable to shareholders was SAR 3,415 thousand, with the same number of shares, 40,000 thousand shares, as of 30-06-2025. • The total shareholders’ equity amounted to SAR 495,165 thousand compared to SAR 478,678 thousand for the last year with an increase of 3.4%. • The total retained earnings at the end of the current quarter are SAR 20,740 thousand, compared to SAR 4,253 thousand for the last year. |
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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