“Walaa” turns profitable with 32.2 million riyals in the second quarter of 2026
Company achieved "Walaa Cooperative Insurance" Net profit for the second quarter of 2026 amounted to 32.2 million riyals, compared to a net loss of 44.1 million riyals for the same quarter of the previous year.
According to a company statement on "Saudi Arabia trading"The shift to profitability is due to a decrease in losses in the medical insurance and vehicle insurance sectors by 68.66% and 102.52%, respectively, in addition to an increase in profits in the property and other casualty insurance sector by 17.58%.
The profit realization for this quarter is also due to an increase in investment income by 70.12%, and an increase in operating revenues by 56.17%.
And at the level of the first half of the year 2026, net profit before zakat and income tax for the current period amounted to 53.41 million riyals, compared to a net profit of 107.12 million riyals during the same period of the previous year.
- For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Twitter
