What was Mutakamela Insurance's net loss in Q1 2026?

The net loss was SAR 10.63 million, compared to a net profit of SAR 5.80 million in Q1 2025.

Why did Mutakamela Insurance's revenues decline?

Revenues fell 5.67% YoY due to decreased business in the medical and motor segments.

Did Mutakamela Insurance announce any dividend?

No dividend was mentioned in the announcement.

What was Mutakamela Insurance's shareholders' equity?

Shareholders' equity stood at SAR 714.4 million as of March 31, 2026, up 1% from SAR 708.4 million a year earlier.

Does Mutakamela Insurance have accumulated losses?

No, the company reported no accumulated losses, indicating positive retained earnings.

Mutakamela Insurance Reports SAR 10.63M Net Loss in Q1 2026

Mutakamela Insurance Company (Ticker: 8040) reported a net loss of SAR 10.63 million for the first quarter ended March 31, 2026, compared to a net profit of SAR 5.80 million in the same period last year. Insurance revenues declined 5.67% year-on-year to SAR 194.65 million, driven by lower business in the medical and motor segments.

Mutakamela Insurance Company (Ticker: 8040) announced its interim financial results for the three months ended March 31, 2026, posting a net loss of SAR 10.63 million, versus a net profit of SAR 5.80 million in the prior-year period. Insurance revenues fell 5.67% YoY to SAR 194.65 million.

Key Financial Results

Item	Current Quarter (SAR million)	Comparable Quarter (SAR million)	Change %
Insurance Revenues	194.65	206.36	-5.67%
Net Profit (Loss)	(10.63)	5.80	-283%
Earnings Per Share (SAR)	(0.178)	0.097	-284%
Total Shareholders' Equity	714.4	708.4	+1%

Highlights from the Statement

The company attributed the loss to:

Decline in insurance revenues: Down 5.67% YoY due to decreased business in medical and motor segments.
Higher insurance service expenses: Causing insurance service results to plummet 49.36% YoY.
Weaker investment results: Down 19.65% to SAR 14.40 million.

On a quarter-on-quarter basis, insurance revenues declined 15.82% compared to the previous quarter, and the net loss widened by 38.62%.

Guidance

No forward guidance was provided in the announcement.

Impact on the Stock

No stock price reaction was mentioned. However, the loss is likely to weigh on investor sentiment in the near term.

What This Means for Investors

The results highlight operational challenges, particularly in the medical and motor segments. Investors should monitor the company's ability to improve insurance service results and control expenses. The decline in investment results adds further pressure. While shareholders' equity remains positive, sustained losses could erode book value.