Takaful International announces results for nine-month period

TDT | Manama

Email: mail@newsofbahrain.com

The net profit attributable to the shareholders after tax for the three months ended 30 September 2025 was BD 350K compared to BD 351K for the same period in the previous year, due to the implementation of the Domestic Minimum Top-up Tax, which came into effect on 1st January 2025. With a corresponding earnings per share of 4.12 Fils compared with 4.13 Fils for the same period in the previous period. Total comprehensive income for the three months ended 30 September 2025 reduced to BD 440K compared to BD 606K for the same period in the previous period, a decrease of 27%.

The Company reported a total net profit before tax of BD 377K during the third quarter of the year 2025 compared to BD 406K for the same period in the previous year, with a decrease of 7%. The Takaful funds incurred a deficit before tax of BD 22K in the third quarter of the year 2025 compared to a surplus of BD 55K for the same period in the previous year. This decline is mainly due to an increase in net reported claims and attributable expenses during the period compared to the corresponding period of the previous year. The shareholders’ fund achieved a net profit before tax of BD 399K compared to a net profit of BD 351K for the same period in the previous year, an increase of 14%.

Recognized Takaful Contributions were BD 7.582 million in the third quarter of the year 2025 compared to BD 6.893 million for the same period in the previous year, an increase of 10%. Recognized Takaful Costs reduced by 19% to BD 6.191 million in the third quarter of the year 2025 as compared to BD 7.631 million for the same period in the previous year.

Financial results for the nine months ended 30th September 2025

As for the results of the nine months ended 30 September 2025, the net profit attributable to the shareholders after tax was BD 950K compared to BD 905K for the same period in the previous year, an increase of 5%. Comparatively, earnings per share increased to 11.19 Fils compared with 10.65 Fils for the same period in the previous year. Total comprehensive income for the nine months ended 30 September 2025 was BD 1.032 million compared to BD 1.030 million for the same period in the previous year.

The Company reported a total net profit before tax for the nine months ended 30 September 2025 of BD 1.248 million compared to BD 1.163 million for the same period in the previous year, with an increase of 7%. The Takaful funds achieved a surplus before tax of BD 167K compared to a surplus of BD 258K for the same period in the previous year, a decrease of 35%. This decline is mainly due to an increase in net reported claims and attributable expenses during the period compared to the same period of the previous year. The shareholders’ fund achieved a net profit before tax of BD 1,081 million in the nine months ended 30 September 2025 compared to a net profit of BD 905K for the same period for the previous year, an increase of 19%.

Recognized Takaful Contributions increased by 13% to BD 21.728 million for the nine months ended 30 September 2025 compared to BD 19.207 million for the same period in the previous year.

Recognized Takaful Costs increased slightly by 3% to BD 18.103 million for the nine months ended 30 September 2025 as compared to BD 17.535 for the same period in previous year. The Company’s total equity slightly decreased to BD 12.631 million as of 30 September 2025 compared to BD 12.680 million as of 31 December 2024.

Total assets of the Company increased by 10% to BD 48.179 as of 30 September 2025 compared to BD 43.833 as of 31 December 2024.

Board of Directors Statement

In light of the Company’s financial results announced, Mr. Ebrahim Al Rayes, Chairman of the Board of Directors, commented that the Board of Directors are satisfied with the financial performance results for the nine months ended 30 September 2025, that were in line with the budget approved by the Board of Directors at the end of last year. The Company’s financial performance results were achieved despite the market fluctuations. Mr. Al Rayes, also affirmed the Board’s confidence in the Company’s strategic direction and its steadfast commitment to achieving sustainable growth, strengthening financial stability, and enhancing long-term value for shareholders and participants.

CEO Statement

Mr. Essam Al-Ansari, The Chief Executive Officer of Takaful International Co. , said that the company continued its good performance and was able to maintain its financial strength that contributed to the affirming of the company (A-) stable from the international rating agency AM Best, being the only Islamic insurance company with a rating of (A-). He further noted that the Surplus distribution, being a core principle of the Takaful model, has been a great success this year and was highly appreciated by both corporate and individual customers, reaffirming the company’s commitment to transparency, fairness, and mutual benefit.