Walaa Insurance Swings to 65.8M SAR Nine-Month Profit
Riyadh, Saudi Arabia — Walaa Cooperative Insurance Co. reversed a deep loss to post a net profit of 65.836 million SAR for the nine months ending September 30, 2026, compared to a net loss of 127.025 million SAR in the same period last year. The turnaround was driven primarily by a dramatic improvement in insurance […] The post Walaa Insurance Swings to 65.8M SAR Nine-Month Profit appeared first…
Riyadh, Saudi Arabia — Walaa Cooperative Insurance Co. shifted from a 127 million SAR loss to a 65.8 million SAR profit over the past nine months, ending September 30, 2026. This change was primarily due to a significant improvement in insurance service results, which outweighed a drop in revenues. Premiums fell by 11.37% year-on-year to 2.082 billion SAR, while insurance service profit surged 37.9% to 1.427 billion SAR.
The turnaround confirms Walaa's ability to generate more value per riyal of premium written. The recovery is real, but the company's future earnings depend on managing its investment portfolio and maintaining premium revenue, especially in key segments like Motor and Energy.
Written by urgent.news from The Saudi Standard's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
