ZAWYA-SNG: Solidarity Bahrain announces $25mln profit for 2025

About this update from Solidarity Bahrain Bsc

Staff WriterBahrain - Solidarity Bahrain, one of the largest insurance companies in the kingdom and a subsidiary of Solidarity Group Holding, announced its consolidated financial results for the year ended December 31, 2025.In line with applicable accounting standards and reporting requirements, the company has, effective April 1, 2025, consolidated Bahrain National Insurance Company (bni) and Bahrain National Life Assurance Company (bnl) into its financial statements, with the impact reflected from the second quarter of the year.The company reported a net profit attributable to shareholders of BD2.047 million for the three-month period ended December 31, 2025, compared to BD3.156m for the corresponding period in the previous year, representing a 35 per cent decrease. Earnings per share for the quarter stood at 12 fils, compared to 18.5 fils for the same period in 2024.Total comprehensive income attributable to shareholders for the three months ended December 31, 2025 decreased to BD2.129m, compared to BD3.136m in the same period of the previous year, representing a 33pc decrease. This decrease is primarily due to a one-off bargain purchase gain recorded from the Alliance Insurance acquisition in the previous year.For the 12-month period ended December 31, 2025, net profit attributable to shareholders amounted to BD8.724m, compared to BD6.891 million for the corresponding period in 2024, reflecting a 27pc increase. Earnings per share for the year reached 51.3 fils, up from 40.5 fils in 2024.Total comprehensive income attributable to shareholders for the twelve months ended December 31, 2025 was BD5.462m, compared to BD6.488m in the prior year, representing a 16pc decrease.Total net profit and surplus for the three-month period ended December 31, 2025 was BD2.381m, compared to BD3.551m in the same period of 2024, reflecting a 33pc decrease.For the 12-month period, total net profit and surplus reached BD9.421m, compared to BD8.068m in 2024, representing a 17pc increase, primarily driven by the consolidation of BNI and BNL results, as well as post-acquisition gains recognised from the reclassification of a financial investment to an investment in an associate. Total equity attributable to shareholders as at December 31, 2025 stood at BD54.666m, compared to BD39.511m as at December 31, 2024, reflecting a 38pc increase. Total assets increased to BD208.261m, co...

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