Mutakamela Insurance Co. announces its Interim Financial Results for the period ending on 2025-03-31 ( Three Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Insurance Revenues | 206,359.243 | 231,980.3 | -11.044 | 198,419.022 | 4.001 |
| Result of Insurance Services | 111,515.797 | 26,826.719 | 315.689 | 36,854.354 | 202.585 |
| Net Profit (Loss) of The Insurance Results | 6,389.915 | 2,283.11 | 179.877 | -3,740.443 | - |
| Net Profit (Loss) of The Investment Results | 17,926.569 | 31,828.572 | -43.677 | 12,932.263 | 38.618 |
| Net Insurance Financing Expenses | -10,404.848 | -15,747.121 | -33.925 | 455.071 | - |
| Net Profit (Loss), After Zakat, Attributable To Shareholders | 5,804.344 | 9,988.038 | -41.887 | 57.635 | 9,970.866 |
| Total Comprehensive Income | 5,942.857 | 5,428.651 | 9.472 | 4,780.542 | 24.313 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 819,216.976 | 806,112.965 | 1.625 |
| Profit (Loss) per Share | 0.097 | 0.167 | |
| 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 reason behind the decrease in insurance revenue during current quarter comparing to same quarter of the previous year is the decrease in business mainly from medical and group life. |
| 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 reason behind the decrease in net profit after zakat and income tax for the current quarter comparing to the same quarter of previous years is the decrease in net investment and other income by 44%. |
| The reason of the increase (decrease) in the revenues during the current quarter compared to the previous quarter is | The reason behind the increase in insurance revenue during the current quarter comparing to previous quarter is the increase in business mainly from medical and P&C. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous quarter is | The reason behind the increase in net profit after zakat and income tax for the current quarter comparing to previous quarter is the increase in net insurance service result by 271% due to the decrease in insurance service expense, and the increase in net investment income by 39% comparig to previous quarter. |
| 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) | - |
| Reclassification of Comparison Items | - |
| Additional Information | For the period ended 31 March 2025 earnings per share has been calculated based on net profit after Zakat and income Tax for the period divided by weighted average number of shares 59,457,923. For the period ended 31 March 2024 earnings per share has been calculated based on net profit after Zakat and income Tax for the period divided by total number of shares outstanding of 59,843,060 shares.
The total equity for the period ended 31 March 2025 reach SR 819.2 million comparing to SR 806.1 million in the period ended 31 March 2024, an increase of 2%.
The total comprehensive income for the current period amounted to SAR 5.9Mn compared to SAR 5.4Mn for the same period of previous year, an increase of 9%. |
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