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LIVA Q2 profit rises 171 percent
The financial results of Livah Insurance Company showed a 171.04% increase in net profits in the second quarter of 2026, reaching 9.25 million SAR compared to 3.4 million SAR in the same period last year. This was driven by a 67.6% rise in insurance services revenue, which totaled 92 million SAR, along with a 30% growth in net investment income, reaching 11.2 million SAR. The company also mentioned an increase in reinsurance expenses and operational costs, but profits mainly grew due to the expansion of sectors related to motor vehicle insurance and group life insurance.
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