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2026-11-04T06:18:54.486Z

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Insurer profits rise 189%

Insurer profits rise 189%

The National Insurance Company’s net profit rose 188.9% year on year in the third quarter of 2026 to SAR 21.23 million, compared with SAR 7.35 million, and increased 9.8% from the previous quarter. The company attributed the growth mainly to a 235.65% rise in net insurance service results from its direct operations, to SAR 19.47 million, and a 27.37% decline in other operating expenses, despite a 25.38% drop in net investment income. Insurance revenue also increased 71.03% to SAR 745.12 million, supported by growth in earned insurance premiums.

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