Al Rajhi Cooperative Insurance Company (Al Rajhi Takaful) reported strong and unprecedented financial results for the second quarter of 2025, recording a net profit of SAR 111.56 million, a significant increase of 24.3% compared to the same period last year, when profits amounted to SAR 89.75 million.
Al Rajhi Takaful
This quarterly performance is a testament to the success of the company's effective strategies to boost insurance revenues and control expenses, reflecting its ability to continue growth in the cooperative insurance sector amidst increasing market challenges.
Insurance service is on the rise
A highlight of Al Rajhi Takaful's performance in the second quarter was the significant increase in its "insurance service profit before retakaful," which rose by 23.33% to SAR 217.59 million, compared to SAR 176.43 million in the same quarter last year. This increase in profits reflects the company's ability to improve its operational processes and increase the efficiency of its insurance services.
Insurance revenues continue to grow
Amidst a challenging market environment, Al Rajhi Takaful managed to increase its insurance revenues by 2.75%, reaching SAR 1.38 billion in the second quarter of 2025, compared to SAR 1.34 billion in the same quarter last year. This growth is attributed to increased demand for the company's diverse insurance products, as well as improved marketing and sales strategies.
Investment results under control
Despite losses recorded in investment results for this quarter, amounting to SAR 238.77 million, the company confirms that it continues to manage its investment portfolio cautiously. These losses include a decline in the fair value of the individual unitholders' fund investments. Nevertheless, Al Rajhi Takaful remains in a strong position, thanks to its diversified income sources and its ability to effectively manage investment risks.
Continued growth in the first half of 2025
The success was not limited to the second quarter, but extended to the first half of the year, with the company recording a 0.61% increase in net profit, reaching SAR 202.36 million, compared to SAR 201.13 million in the same period last year. This slight increase indicates the company's overall stable performance, maintaining profitability despite investment challenges.
Future aspirations
The CEO of Al Rajhi Takaful said: “We are proud of our remarkable growth in the second quarter of 2025. These results are a testament to our commitment to providing distinguished insurance solutions that meet our customers’ needs. We look forward to further success and growth in the coming period by strengthening our investments and enhancing our customer experience.”
These outstanding financial results confirm that Al Rajhi Takaful is on the right track to achieving its long-term goals, further strengthening its position as a leading company in the cooperative insurance sector in the Kingdom.
