ZAWYA: Solidarity Bahrain reports $6.20mln profit for Q1-2026

About this update from Solidarity Bahrain Bsc

Staff WriterBahrain - Solidarity Bahrain, one of the largest insurance companies in Bahrain and a subsidiary of Solidarity Group Holding, yesterday announced its financial results for the period ended March 31, 2026.During the period, the company successfully completed the merger and full integration of Bahrain National Insurance Company (BNI) and Bahrain National Life Assurance Company (BNL) into Solidarity Bahrain, representing a key strategic milestone.The transaction has enhanced the company’s operational scale and efficiency, strengthened its market positioning, and expanded its customer base, with a positive contribution to the overall financial performance for the first quarter.The company reported a net profit attributable to shareholders of BD1.833 million for the three-month period ended March 31, compared to BD1.258m for the corresponding period in the previous year, representing a 46 per cent increase.Earnings per share for the period reached 10.79 fils, compared to 7.4 fils for the same period in 2025.Total comprehensive income attributable to shareholders for the three months ended March 31, 2026 increased to BD2.203m, compared to BD1.307m in the same period of the previous year, representing a 69pc increase.Total net profit and surplus for the three-month period ended March 31, 2026, was BD2.339m, compared to BD1.587m in the same period of 2025, reflecting a 47pc increase, primarily attributable to the inclusion of results from BNI and BNL, as the comparative period reflects a pre-merger position.Total equity attributable to shareholders as at March 31, 2026 stood at BD51.395m, compared to BD54.666m as at December 31, 2025, reflecting a 6pc decrease. Total assets stood at BD185.354m, compared to BD208.261m at the end of 2025, with an 11pc decrease.The policyholders’ fund reported a net surplus of BD506,000 for the three-month period ended March 31, 2026, compared to BD329,000 for the same period in 2025, representing a 54pc increase.Recognised Takaful contributions for the three-month period ended March 31, 2026 amounted to BD26.961m, compared to BD13.654m in the same period of 2025, representing a 97pc increase.Solidarity Bahrain chairman Shaikh Khalid bin Mustahail Al Mashani said, “We would like to begin by expressing our sincere appreciation for the continued support extended to Bahrain’s insurance sector under the leadership of His Maj...

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