LIVA Insurance Co. announces its Interim Financial Results for the period ending on 2025-09-30 ( Nine Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Insurance Revenues | 145,306 | 114,988 | 26.366 | 136,232 | 6.66 |
| Result of Insurance Services | 45,297 | 17,017 | 166.186 | 24,315 | 86.292 |
| Net Profit (Loss) of The Insurance Results | 9,737 | 9,765 | -0.286 | -1,300 | - |
| Net Profit (Loss) of The Investment Results | 8,046 | 7,767 | 3.592 | 8,606 | -6.507 |
| Net Insurance Financing Expenses | -1,166 | -1,070 | 8.971 | -540 | 115.925 |
| Net Profit (Loss), After Zakat, Attributable To Shareholders | 11,328 | 10,718 | 5.691 | 3,415 | 231.713 |
| Total Comprehensive Income | 11,328 | 10,718 | 5.691 | 3,415 | 231.713 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Insurance Revenues | 406,674 | 328,326 | 23.862 |
| Result of Insurance Services | 92,784 | 60,048 | 54.516 |
| Net Profit (Loss) of The Insurance Results | 4,889 | 23,374 | -79.083 |
| Net Profit (Loss) of The Investment Results | 25,538 | 23,214 | 10.011 |
| Net Insurance Financing Expenses | -2,567 | -2,927 | -12.299 |
| Net Profit (Loss), After Zakat, Attributable To Shareholders | 16,585 | 21,965 | -24.493 |
| Total Comprehensive Income | 19,094 | 21,965 | -13.07 |
| Total Shareholders Equity (after Deducting Minority Equity) | 459,645 | 411,957 | 11.575 |
| Profit (Loss) per Share | 0.41 | 0.55 | |
| 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 | -5,802 | 1.5 | |
| 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 30,318 thousand with an increase of 26.4% 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 11,328 thousand during the current quarter compared to SAR 10,718 thousand of the same quarter for the previous year. This was mainly due to the following reasons:
• Increase of the insurance service result before the reinsurance contracts held during the current quarter by SAR 28,280 thousand, driven by business growth. • The net expense from reinsurance contracts held during the current quarter SAR 35,560 thousand increased by SAR 28,308 thousand compared to the same quarter for previous year SAR 7,252 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 685 thousand. • Net investment income grew during the current quarter by 3.6% and amounted to SAR 8,046 thousand compared to SAR 7,767 thousands in the same quarter for 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 9,074 thousand with an increase of 6.7% compared to the previous quarter. This is mainly driven by the issuance of new policies in the Company's motor, group life 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 11,328 thousand during the current quarter compared to SAR 3,415 thousand of the previous quarter. This was mainly due to the increase of the insurance service results during the current quarter by SAR 11,037 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 78,348 thousand with an increase of 23.9%, 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 18,464 thousand compared to SAR 27,123 thousand for the same period last year, with a decrease of 31.9%.
Net income after Zakat achieved is SAR 16,585 thousand during the current period compared to SAR 21,965 thousand for the same period last year, with a decrease of 24.5%.
This decrease of net profits was mainly driven by: • The insurance service result during the current period amounted to SAR 4,889 thousand compared to SAR 23,374 thousand for the same period last year with a decrease of 79.1%.
This decrease of net profits was partly offset by: • Total investment income amounted to SAR 25,538 thousand during the current period compared to SAR 23,214 thousand for the same period last year, with an increase by 10%. • Other operating expenses amounted to SAR 11,000 thousand during the current period compared to SAR 16,638 thousand the same period last year, with a decrease by 33.9%. |
| 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 0.28 compared to SAR 0.27 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 11,328 thousand, with a total of 40,000 thousand shares as of 30-09-2025. In comparison, during the same quarter of previous year, the net profit after zakat attributable to shareholders was SAR 10,718 thousand, with the same number of shares, 40,000 thousand shares, as of 30-09-2024.
• The total shareholders’ equity amounted to SAR 459,645 thousand compared to SAR 440,551 thousand for the last year with an increase of 2.5%.
• The total accumulated losses at the end of the current quarter are SAR 5,802 thousand, compared to an accumulated loss of SAR 17,130 thousand for the previous quarter. The total accumulated losses at the end of the current quarter represent (1.5%) of the capital compared to (4.3%) as at end of last quarter. |
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