Bupa Arabia for Cooperative Insurance Co. reported a 24% increase in net profit after zakat attributable to shareholders, reaching SAR 1.2 billion by the end of 2024, compared to SAR 940.2 million in the previous year. The announcement followed the release of the company’s consolidated annual financial results for the year ended December 31, 2024.
- Net underwriting profit rose 15.3% to SAR 998 million, up from SAR 865 million in the prior year.
- Total equity (excluding minority interests) increased 10.6% to SAR 5.15 billion, compared to SAR 4.6 billion in 2023.
- Earnings per share (EPS) stood at SAR 7.79, up from SAR 6.29 in the previous year.
