“Takaful International” announces its financial results for the nine-month period ending on September 30

The Board of Directors of Takaful International Company B.S.C. approved (Trading symbol: TAKAFUL) The company’s financial results for the period ending on September 30, 2025.

Financial results for the three months ending September 30, 2025

Net profit attributable to shareholders after tax amounted to 350 thousand Bahraini dinars for the three months ending on September 30, 2025, compared to a net profit of 351 thousand Bahraini dinars in the same period of the previous year. Due to the application of the additional minimum tax that took effect on 1/1/2025 AD. Earnings per share amounted to 4.12 fils, compared to 4.13 fils per share for the same period of the previous year. The comprehensive profit for the three-month period ending on September 30, 2025 was 440 thousand Bahraini dinars, compared to a comprehensive profit of 606 thousand Bahraini dinars for the same period of the previous year, a decrease of 27%.

The company’s total profits before tax amounted to 377 thousand Bahraini dinars during the third quarter of the year 2025, compared to 406 thousand Bahraini dinars for the same period of the previous year, a decrease of 7%. The two Takaful funds achieved a pre-tax deficit of 22 thousand Bahraini dinars during the third quarter of the year 2025, compared to a surplus of 55 thousand Bahraini dinars for the same period of the previous year. This decrease in the performance of the two Takaful funds is due to an increase in net reported claims and direct expenses. The Shareholders Fund also achieved a pre-tax profit of 399 thousand Bahraini dinars during the third quarter of the year 2025, compared to a profit of 351 thousand Bahraini dinars for the same period of the previous year, an increase of 14%.

While proven Takaful subscriptions amounted to 7,582 million Bahraini dinars during the third quarter of the year 2025, compared to 6,893 million Bahraini dinars for the same period of the previous year, an increase of 10%. Takaful costs incurred amounted to 6,191 million Bahraini dinars during the third quarter of the year 2025, compared to 7,631 million Bahraini dinars for the same period of the previous year, a decrease of 19%.

Financial results for the nine months ending September 30, 2025

As for the results for the nine months ending on September 30, 2025, the net profit for shareholders after tax amounted to 950 thousand Bahraini dinars for the nine months ending on September 30, 2025, compared to a net profit of 905 thousand Bahraini dinars in the same period of the previous year, an increase of 5%. Earnings per share reached 11.19 fils, compared to 10.65 fils for the same period of the previous year. The comprehensive income for the nine-month period ending on September 30, 2025 was 1,032 million Bahraini dinars, compared to a comprehensive profit of 1,030 million Bahraini dinars for the same period of the previous year.

The company’s total pre-tax profits amounted to 1,248 million Bahraini dinars for the nine months ending on September 30, 2025, compared to 1,163 million Bahraini dinars for the same period of the previous year, an increase of 7%. The two Takaful funds achieved a pre-tax surplus of 167 thousand Bahraini dinars during the nine months ending on September 30, 2025, compared to a surplus of 258 thousand Bahraini dinars for the same period of the previous year, a decrease of 35%. This decrease in the performance of the two takaful funds is due to an increase in net reported claims and direct expenses. As for the Shareholders’ Fund, it achieved a pre-tax profit of 1,081 million Bahraini dinars for the nine-month period ending on September 30, 2025, compared to a profit of 905 thousand Bahraini dinars for the same period of the previous year, an increase of 19%.

Takaful subscriptions for the nine months ending September 30, 2025 amounted to 21,728 million Bahraini dinars, compared to 19,207 million Bahraini dinars for the same period of the previous year, an increase of 13%. Takaful costs incurred amounted to 18,103 million Bahraini dinars during the period ending on September 30, 2025, compared to 17,535 million Bahraini dinars for the same period of the previous year, an increase of 3%.

Total equity amounted to 12,631 million Bahraini dinars as of September 30, 2025, compared to 12,680 million Bahraini dinars as of December 31, 2024.

The company’s total assets amounted to 48.179 million Bahraini dinars as of September 30, 2025, compared to 43.833 million Bahraini dinars as of December 31, 2024, an increase of 10%.

Board of Directors statement

On the sidelines of the financial results, Mr. Ibrahim Al-Rayes, Chairman of the Board of Directors, stated that the Board of Directors expresses its satisfaction with the financial results for the nine months ending September 30, 2025, which were in line with the budget approved by the Board of Directors at the end of last year. These results were achieved despite the fluctuations witnessed in the markets. Mr. Al-Rayes also affirmed the Board of Directors’ confidence in the company’s strategic direction and its firm commitment to achieving sustainable growth, enhancing financial stability, and increasing long-term value for shareholders and subscribers.

CEO statement

For his part, Mr. Essam Al-Ansari, CEO of the company, said that the company has maintained its credit rating of (A-) with a stable future outlook from the international rating agency AM Best after the agency’s periodic review at the end of last month, as it is the only Takaful insurance company rated with a grade of (A-) and thus maintains its leadership within the financial and credit rating category in the Kingdom, which reflects the solidity of the financial position and the efficiency of operational performance. While he pointed out that the distribution of insurance surplus, as one of the basic principles of the Takaful model, has achieved great success and gained appreciation from corporate and individual clients alike, which confirms the company’s commitment to the principles of transparency, justice and achieving mutual benefit.