Riyadh - Mubasher: The Mediterranean and Gulf Insurance and Reinsurance Company (MedGulf) logged net profits after Zakat attributable to the shareholders valued at SAR 36.24 million in the first quarter (Q1) of 2026.
The generated profits were higher by 84.58% than SAR 19.63 million in Q1-25, according to the financial results.
Insurance revenue stood at SAR 1.25 billion in Q1-26, up 25.08% from SAR 1 billion in Q1-25.
The earnings per share (EPS) went up to SAR 0.26 in the first three months (3M) of 2026, compared to SAR 0.19 a year earlier.
On a quarterly basis, the profits in Q1-26 hiked by 626.14% from SAR 4.99 million in Q4-25, while the revenue declined by 1.20% from SAR 1.26 billion.
Accumulated losses hit SAR 77.82 million as of 31 March 2026, representing 5.63% of the company’s capital. This amount is lower than the SAR 114.07 million reported at the end of December 2025.
