Solidarity Bahrain, one of the largest insurance companies in the kingdom and a subsidiary of Solidarity Group Holding, announced its financial results for the period ended June 30, 2026.
The company reported a net profit attributable to shareholders' funds of BD3.076 million for the three-month period ended June 30, 2026, compared to BD4.710m for the corresponding period in the previous year, representing a 35pc decrease.
Earnings per share for the quarter reached 13.67 fils, compared to 24.09 fils for the same period in 2025.
The total comprehensive income attributable to shareholders for the three-month period ended June 30, 2026 was BD3.039m compared to BD1.328m for the corresponding period in the previous year, representing a 129pc increase.
For the six-month period ended June 30, 2026, the net profit attributable to shareholders' funds was BD4.909m, compared to BD5.968m for the corresponding period in 2025, reflecting an 18pc decrease.
The decrease was primarily attributable to non-recurring investment income recognised in the comparative period. The earnings per share for the six-month period was 17.24 fils, compared to 31.49 fils for the same period in 2025. The total comprehensive income attributable to shareholders for the six-month period ended June 30, 2026 was BD5.242m compared to BD2.635m for the corresponding period in the previous year, representing a 99pc increase.
The total net profit and surplus for the three-month period ended June 30, 2026 was BD3.318m, compared to BD4.559m for the same period in 2025, reflecting a 27pc decrease. The total net profit and surplus for the six-month period ended June 30, 2026 was BD5.657m, compared to BD6.146m for the same period in 2025, representing an 8pc decrease.
Total equity attributable to shareholders decreased by 2pc to BD53.681m as at June 30, 2026, compared to BD54.666m as of end-2025. Total assets decreased by 11pc to BD185.643m, compared to BD208.261m as of end-2025.
The policyholders' fund reported a net surplus of BD242,000 for the three-month period ended June 30, 2026, compared to a net loss of
BD151,000 in the same period of 2025.For the six-month period, a net surplus of BD748,000 was recorded, compared to BD178,000 in 2025.
Recognised takaful contributions for the three-month period ended June 30, 2026 decreased by 3pc to BD26.066m, compared to BD26.808m for the corresponding period in 2025.
For the six-month period, recognised takaful contributions increased by 31pc to BD53.027m, compared to BD40.462m for the corresponding period in 2025.
Commenting on the results, Solidarity Bahrain chairman Shaikh Khalid bin Mustahail Al Mashani said: "The results for the second quarter of 2026 reflect Solidarity Bahrain's resilient financial performance and its ability to maintain stable operational momentum despite the prevailing geopolitical challenges. While net profit was impacted compared to the previous year due to the recognition of non-recurring income in the comparative period, the results demonstrate the company's continued ability to deliver balanced performance and reinforce the sustainability of its business over the long term."
He added: "This achievement reflects the strength of Bahrain's insurance sector and the supportive environment fostered by the vision and leadership of His Majesty King Hamad bin Isa Al Khalifa and the guidance of His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister, as it further reinforces the sector's ability to innovate, grow, and contribute to Bahrain's economic progress. The board remains committed to providing strong strategic direction, upholding the highest standards of governance, and ensuring the Company continues to create sustainable value for our shareholders and customers."
Solidarity Bahrain chief executive Jawad Mohammed said: "We are pleased to announce Solidarity Bahrain's results for the first half of 2026, which demonstrate the strength of our business fundamentals and our ability to sustain balanced financial and operational performance despite the evolving market conditions. We extend our sincere appreciation to the Central Bank of Bahrain for its continued support and guidance, and for its pivotal role in reinforcing the stability and development of the insurance sector, particularly during these challenging times."
He added: "These results reaffirm our commitment to developing the company's business and enhancing its sustainability through best practices that support our strategic objectives. The release of our 2025 ESG Report further demonstrates our steadfast commitment to adopting responsible business practices and integrating sustainability principles across our operations. The report highlights the company's efforts across several key areas, including developing our human capital, strengthening corporate governance practices, and advancing our commitment to social responsibility."
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