Bupa Arabia, the biggest insurer in Saudi Arabia, has reported profit before zakat and income tax attributable to shareholders of SAR1,224.12m ($325.52m) for the first nine months of this year (9M2026), compared to SAR1,177.77m during the corresponding period of 2025. This represented an increase of 3.94%.
Net profit after zakat and income tax attributable to shareholders for the current period amounted to SAR1,038.76m in the first three quarters, compared to SAR1,030.49m during the corresponding period of 2025. The marginal increase of 0.80% was due to the following main reasons:
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Insurance revenue amounted to SAR16,158.41m in 9M2026, compared to SAR14,169.62m during 9M2025, an increase of 14.04%, which was principally driven by business growth.
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Net insurance service result amounted to SAR924.54m in 9M2026, compared to SAR888.94m during 9M2025, an increase of 4.01%, which was principally driven by business growth.
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Net investment results for 9M2026 amounted to SAR626.01m, a year-on-year increase of 12.17%.
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Net other revenue amounted to SAR44.53m in 9M2026, compared to SAR40,49m during 9M2025, an increase of 9.97%.
These favourable movements were partially offset by an increase in other operating expenses, which amounted to SAR370.96m in 9M2026 compared to SAR309.77m during the corresponding period of 2025. The increase of 19.76% was due to higher expenditure to support business growth.
Gross written premiums amounted to SAR18,831.09m in 9M2026, compared to SAR16,673.85m during the corresponding period of the previous year, an increase of 12.94%.
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All figures are in SAR ‘000
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First 9 months
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Metric
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2026
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2025
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% Change
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Insurance Revenue
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16,158,412
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14,169,615
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14.04
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Insurance Service Result
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958,507
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916,012
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4.64
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Net Profit (Loss) - Insurance Result
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924,542
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888,937
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4.01
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Net Profit (Loss) - Investment Result
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626,011
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558,100
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12.17
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Net Insurance Financing Expenses
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-
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-
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-
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Net Profit (Loss), After Zakat, Attributable To Shareholders
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1,038,759
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1,030,490
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0.80
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Total Comprehensive Income Attributable to Shareholders of the Issuer
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775,312
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1,150,700
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-32.62
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Total Shareholders’ Equity (after deducting minority equity)
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6,000,270
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5,662,460
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5.97
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Source: Bupa Arabia
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