Solidri Bahrain (Solid Code: Solid), one of the largest insurance companies in the Kingdom of Bahrain, which is affiliated with the Solidrit Holding Group, has announced its financial results for the three -month period ending March 31, 2025.
The net profit belonging to the company’s shareholders reached 1.258 million BD, compared to a net profit of 1.251 million Bahraini dinars for the same period last year, that is, an increase of an increase. 1% as the basic and reduced return of the share reached 7.4 fils, compared to 7.3 fils for the same period in 2024.
While the total net profit and surplus for the three -month period ended on March 31, 2025, 1.587 million Bahraini dinars, compared to 1.55 million Bahraini dinars for the same period last year, which represents an increase of 2%, and this is due to the improvement of the technical surplus and the increase in investment revenues.
As for the rights of shareholders, it amounted to 40.818 million Bahraini dinars on March 31, 2025, compared to 39.511 million Bahraini dinars on December 31, 2024, with an increase of.
The documentation campaign fund recorded a net surplus of 329 thousand BD for the three -month period ending on March 31, 2025, compared to 303 thousand Bahraini dinars for the same period in 2024, an increase of 9%.
As for the difficulty of the solidarity subscriptions, Solidarti achieved an insurance contributions of 13.654 million Bahraini dinars during the first quarter of the year 2025 compared to 13.921 million Bahraini dinars for the previous similar period, i.e. a decrease of 2%. The costs of the calculated solidarity increased to 8.861 million Bahraini dinars for the three -month period ending on March 31, 2025 compared to 8.691 million Bahraini dinars for the same period in the previous year, an increase of 2%.
Commenting on the company’s performance, His Excellency Sheikh Khaled bin Misheil Al -Mashani, Chairman of the Board of Directors of Solidarti Bahrain, stated: “The first quarter of this year has witnessed strong financial results, which reflects the effectiveness of the company’s strategic vision. In the context of our approach to business development and expanding services inside and outside the Kingdom, our successful acquisition of the shares of the Bahrain National Insurance Company« BNI) and Bahrain National Insurance will contribute to On life “BNL”, in the consolidation of our leading position in the insurance sector at the local level.
For his part, Jawad Mohamed, CEO of Solidarti Bahrain, commented: The financial results for the first quarter showed the company’s continuous efforts and its continuous commitment to achieving positive growth at all levels, as well as implementing many strategic initiatives to support the march of digital transformation, which was recently crowned with the launch of the “Solidarti Drive” application, the application that aims to stimulate leadership behaviors, in line with our social responsibility, which is that It is imperative that we have a positive impact by contributing to our role in enhancing road security and safety in the Kingdom. The results of the first quarter of 2025 emphasize the extent of our commitment to the real growth, the raising of operational efficiency, and the provision of a distinguished experience for shareholders, customers and all stakeholders alike. Thanks to the directives of the members of the Board of Directors, and the constant dedication by the Solidarti team Bahrain.
All financial reports and press data of Solidarti Bahrain are available on the Bahrain Stock Exchange website.
