Bahrain: Takaful International posts stable financial results for first 9 months of 2025
Source: Middle East Insurance Review | Dec 2025
Takaful International Company (GIG Bahrain Takaful) has announced a total net profit before tax for the first three quarters of this year (3Q2025) of BHD1.248m ($3.3m), compared to BHD1.163m for 3Q2024, representing an increase of 7%.
Net profits attributable to shareholders after tax of BHD950K for 3Q2025, compared to BHD905K for the corresponding period in the previous year, an increase of 5%.
Recognised takaful contributions increased by 13% to BHD21.728m for the nine months ended 30 September 2025 compared to BHD19.207m for the corresponding period in the previous year. Recognised takaful costs increased slightly by 3% to BHD18.103m for 3Q2025 as compared to BHD17.535m for 3Q2024.
The company’s total equity slightly decreased to BHD12.631m as of 30 September 2025 compared to BHD12.680m as of 31 December 2024.
Takaful International’s CEO Mr Essam Al-Ansar said that the company continued its good performance and was able to maintain its financial strength that contributed to the affirmation its ‘A-’ rating with a ‘Stable’ outlook from the international rating agency AM Best.
In October 2025, AM Best affirmed Takaful International’s Financial Strength Rating of ‘A-’ (Excellent) with a ‘Stable’ outlook, the highest credit rating for takaful companies in the Kingdom of Bahrain. This rating reflects the company’s strong financial position, efficient operational performance, and robust risk management systems. Takaful International is the first and only takaful company in the Kingdom to be classified within the ‘A’ financial and credit rating category. AM Best also gave the company a Long-term Issuer credit rating of ‘a-’. M