Takaful International announces financial results for the six-month period ended 30 June 2025

TDT | Manama

Email : editor@newsofbahrain.com

The Board of Directors of Takaful International Company B.S.C. (Trading Code: TAKAFUL) approved the financial results for the period ended 30 June 2025.

Financial results for the three months ended 30 June 2025

• The net profit attributable to the shareholders after tax was BD 178K for the three months ending on 30 June 2025, compared with a net profit of BD 162K for the same period in the previous year, an increase of 10%.

• Earnings per share increased to 2.1 fils from 1.9 fils for the same period last year.

• Total comprehensive income attributable to shareholders surged to BD 149K compared to BD 79K, an increase of 89%.

• Total net profit before tax was BD 232K, compared to BD 211K in the previous year, a 10% increase.

• Shareholders’ fund achieved a profit before tax of BD 201K during the second quarter, up 24% from BD 162K, mainly due to increased investment income.

• The Takaful Funds reported a surplus before tax of BD 31K, down 37% from BD 49K, attributed to an increase in claims reserve.

• Recognized Takaful contributions were BD 7.306 million, up 14% from BD 6.425 million.

• Recognized Takaful costs rose by 19% to BD 6.185 million from BD 5.195 million.

Financial results for the six months ended 30 June 2025

• Net profit attributable to shareholders after tax was BD 600K, up 8% from BD 555K in the previous year.

• Earnings per share increased to 7.07 fils from 6.52 fils.

• Comprehensive income attributable to shareholders rose 40% to BD 592K from BD 424K.

• Total net profit before tax was BD 870K, up 15% from BD 757K.

• Shareholders’ fund profit before tax increased by 23% to BD 681K from BD 555K.

• Takaful Funds surplus before tax decreased 6% to BD 189K from BD 202K.

• Recognized Takaful contributions increased 15% to BD 14.146 million from BD 12.314 million.

• Recognized Takaful costs were BD 11.912 million.

Company assets and equity

• Shareholders’ equity stood at BD 12.190 million as of 30 June 2025, a 4% decrease from BD 12.680 million as of 31 December 2024.

• Total assets increased by 8% to BD 47.516 million from BD 43.833 million as of 31 December 2024.

Statements from company leadership

Mr. Ebrahim Al Rayes, Chairman of the Board of Directors, remarked on the company’s strong financial performance across both Takaful operations and investment activities. He attributed this success to efforts to streamline operations, enhance insurance offerings, and maintain rigorous risk controls. He also noted the investment portfolio’s strong contribution, driven by a balanced strategy focused on diversification, financial discipline, and sustainable growth while avoiding excessive risk.

Mr. Essam Al Ansari, Chief Executive Officer, expressed satisfaction with the company’s performance, highlighting its resilient business model and customer-focused strategy. He emphasized the ongoing effort to provide innovative, effective insurance solutions tailored to evolving customer needs.

Mr. Al Ansari also highlighted the company’s commitment to Takaful principles, noting several ESG initiatives and partnerships with local charities. He referenced the recently announced surplus distribution — marking Takaful International as the first Takaful company in Bahrain to implement such an initiative, reinforcing its pioneering role in delivering value to policyholders and promoting the mutual benefits central to the Takaful system.