Bupa Arabia for Cooperative Insurance published preliminary results for the nine months to 30 September 2026 on 2 November, the Saudi financial news site Jawlah reported. Net profit after zakat and tax attributable to shareholders was SAR1.039bn, up 0.8% from about SAR1.030bn a year earlier. Profit before zakat and tax rose 3.9% to SAR1.224bn.
Growth was far stronger at the top line. Insurance revenue increased 14% to SAR16.16bn and gross written premiums rose 12.9% to SAR18.83bn, Jawlah reported. The insurance service result grew 4.6% to SAR958.5m and net investment income rose 12.2% to SAR626.0m. Other operating expenses climbed 19.8% to SAR371.0m, which the company said reflected spending to support business growth and larger volumes.
In the third quarter alone, net profit after zakat and tax fell 5.3% to SAR344.7m from SAR364.0m, according to Jawlah's figures. Ajel, which reports the quarter in rounded terms as a 5% fall to SAR345m from SAR364m, carried the company's explanation: a non-recurring gain in the third quarter of 2025, when it reversed a zakat provision after settling obligations for earlier years, and higher operating expenses. Jawlah put quarterly insurance revenue up 11.4% at SAR5.62bn and the insurance service result up 12.2% at SAR331.1m.
Total comprehensive income attributable to shareholders fell about 33% to SAR775.3m for the nine months, Jawlah reported. The company put this down to fair-value movements on its sukuk portfolio, which it holds at fair value through other comprehensive income, and said the changes reflected temporary shifts in market interest-rate expectations. Earnings per share were SAR7.01 against SAR6.90 a year earlier.
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Jawlah ↗News publisher · 2 Nov 2026
This is an original brief based on the linked publication. Company statements and forecasts are attributed to their source.
