Takafol Island Reports Losses in Q2 2026
Aljazira Takaful Reinsurance Company ("Aljazira Takaful") incurred losses during the second quarter of 2026, recording a net loss after Zakat of 7.36 million SAR, compared to a profit of 4.08 million SAR in the same period of 2025. The decrease in net insurance results led to a loss of 9.945 million SAR in the second quarter, versus a profit of 5.355 million SAR a year earlier, reflecting a variation in business performance. Additionally, the company turned to quarterly losses compared to a profit of 7.46 million SAR in the first quarter. Its losses for the first half of 2026 amounted to approximately 100,000 SAR, a 99.5% decrease from the same period last year.
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