Walaa Insurance earns 27M Riyals in Q2 2026

Aljawaa Cooperative Insurance Company announced that its profits in the second quarter of 2026 amounted to 27 million SAR, reflecting a significant improvement compared to losses of 49.35 million SAR in the same period of the previous year. This positive turnaround was driven by reducing losses in the medical insurance and vehicle sectors by over 102%, and increasing profits in the property and accident sectors by 17.58%. For the first half of the year, the company recorded a net profit after Zakat and income tax of 43.17 million SAR, compared to a previous loss of 117.3 million SAR, thanks to successful loss reduction strategies and gains from investments that grew by 291.59%. Although insurance revenues declined by 11.26%, the overall improvement in results is primarily due to converting insurance services losses into profits, driven by substantial investment gains, while the company's financial structure remains stable.

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