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2026-11-05T08:17:21.035Z

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Takaful Island Q3 loss

Takaful Island Q3 loss

Aljazira Takaful recorded a net loss of SAR 32.27 million in the third quarter of 2026, compared with a profit of SAR 14.64 million in the same period last year. The loss increased by 338.39% from the second quarter. The company attributed the shift to higher insurance service expenses and claims, despite a 13.5% increase in insurance revenue to SAR 108.57 million. In the first nine months, it recorded a loss of SAR 32.17 million, compared with a profit of SAR 34.83 million in the corresponding period of 2025.

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