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Integrated Insurance reports Q2 2026 losses
The article concerns the transformation of a fully integrated insurance company into losses in the second quarter of 2026, where it recorded a net loss of 11.39 million riyals compared to a profit of 8.72 million riyals in the same quarter of the previous year. The company attributed the increase in losses to a 26.78% rise in insurance service expenses and a 3% decline in insurance revenues on an annual basis, despite quarterly growth in property and casualty insurance revenues. Additionally, the results for the first half of the year showed a decline in financial performance, with the company recording net losses of 22.02 million riyals, down from previous profits, and shareholders’ equity decreased by 2.01%, with earnings per share falling to a loss of 0.37 riyals.
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