| 2026 | 2025 | % | |
|---|---|---|---|
| Net profit attributable to parent's shareholders - 9 months | 20,855,272 | 17,862,779 | 16.75% |
| EPS (fils) - 9 months | 84.88 | 72.60 | 16.91% |
| Total operating revenue - 9 months | 136,753,114 | 118,535,993 | 15.37% |
| Net operating profit - 9 months | 24,141,425 | 20,449,699 | 18.05% |
| Net profit attributable to parent's shareholders - Q3 | 10,217,691 | 4,345,089 | 135.15% |
| EPS (fils) - Q3 | 41.59 | 17.67 | 135.37% |
| Total operating revenue - Q3 | 64,046,229 | 36,895,468 | 73.59% |
| Net operating profit - Q3 | 11,589,092 | 5,065,073 | 128.80% |
| Total assets | 529,265,525 | 468,535,376 | 12.96% |
| Total liabilities | 317,103,516 | 281,700,701 | 12.57% |
| Equity attributable to parent's shareholders | 192,411,804 | 172,011,960 | 11.86% |
Net profit attributable to the parent company's shareholders at Al Ahleia Insurance Company rose 16.75% to KWD 20,855,272 in the nine months ended 30 September 2026, from KWD 17,862,779 in the same period of 2025, according to a disclosure filed by the company on 5 November 2026 after its board approved the interim financial statements. Earnings per share were 84.88 fils versus 72.60 fils, up 16.91%.
In the third quarter, net profit attributable to the parent company's shareholders jumped 135.15% to KWD 10,217,691 from KWD 4,345,089, and earnings per share were 41.59 fils versus 17.67 fils, up 135.37%. Total operating revenue for the quarter rose 73.59% to KWD 64,046,229 from KWD 36,895,468, and net operating profit rose 128.80% to KWD 11,589,092 from KWD 5,065,073.
The company attributed the increase in net profit to higher technical profit.
Over the nine months, total operating revenue rose 15.37% to KWD 136,753,114 from KWD 118,535,993, and net operating profit rose 18.05% to KWD 24,141,425 from KWD 20,449,699. Net profit for the period was KWD 23,086,885 versus KWD 19,546,668, of which KWD 2,231,613 went to non-controlling interests versus KWD 1,683,889. Total comprehensive income was KWD 26,456,474 versus KWD 25,257,963.
The statement of profit or loss showed insurance revenue of KWD 130,002,370 versus KWD 103,768,738 and insurance service expenses of KWD 83,095,369 versus KWD 83,106,533, while net expense from reinsurance contracts held was KWD 24,693,674 versus KWD 7,872,662. The insurance service result was KWD 22,213,327 versus KWD 12,789,543, and the net insurance financial result was KWD 21,952,293 versus KWD 11,490,197.
By contrast, net investment income fell to KWD 6,750,744 from KWD 14,767,255, and net foreign exchange differences showed a loss of KWD 499,728 versus a gain of KWD 1,019,924. Rental income from investment properties was KWD 489,249 versus KWD 442,842, unallocated general and administrative expenses were KWD 3,184,568 versus KWD 5,699,951, and finance cost was KWD 133,953 versus KWD 2,656. The results also included a contribution to the Kuwait Emergency Fund of KWD 926,850, with no equivalent in the comparative period.
In the third quarter alone, insurance revenue was KWD 60,118,586 versus KWD 34,021,579, the insurance service result was KWD 8,779,282 versus KWD 2,908,944, net investment income was KWD 3,927,643 versus KWD 2,873,889, and net profit for the period was KWD 11,041,559 versus KWD 4,831,499.
As at 30 September 2026, total assets rose 12.96% to KWD 529,265,525 from KWD 468,535,376 at 30 September 2025, and current assets rose 15.30% to KWD 366,313,902 from KWD 317,699,511. Term deposits were KWD 277,956,409 versus KWD 241,613,077, and cash and cash equivalents were KWD 8,586,377 versus KWD 11,770,450.
Total liabilities rose 12.57% to KWD 317,103,516 from KWD 281,700,701, including current liabilities of KWD 24,104,018 versus KWD 14,205,995, up 69.67%, and insurance contract liabilities of KWD 274,775,522 versus KWD 249,654,654. No bank facilities appeared on the balance sheet at the end of the period, versus KWD 13,600,000 at 31 December 2025.
Equity attributable to the parent company's shareholders rose 11.86% to KWD 192,411,804 from KWD 172,011,960, and total equity was KWD 212,162,009 versus KWD 186,834,675. Share capital was KWD 25,000,000 versus KWD 23,600,000, and retained earnings were KWD 97,901,623 versus KWD 86,674,993.
Total revenue from dealings with related parties was KWD 1,404,693, and total expenditure from such dealings was KWD 183,364. The results listed no dividends or capital change under corporate actions, and no accumulated losses.
The auditor, Ernst & Young - Al Aiban, Al Osaimi & Partners, issued an unqualified opinion, stating in its review report that nothing came to its attention causing it to believe the interim financial information was not prepared, in all material respects, in accordance with IAS 34.
The company said the information has no effect on its financial position.
