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The Company For Cooperative Insurance JSC (Saudi Arabia)

Main Activities: Direct Health and Medical Insurance Carriers | Direct Property and Casualty Insurance Carriers
Full name: The Company For Cooperative Insurance JSC Profile Updated: November 18, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

The Company for Cooperative Insurance (Tawuniya) is a Saudi Arabia-based public shareholding company established in in Riyadh, Kingdom of Saudi Arabia by Royal Decree Number M/5 dated 9/1/1985 and incorporated on January 18, 1986 under Commercial Registration No. 1010061695. Engaged in the provision of cooperative insurance and reinsurance activities. The Company offers its services through three divisions: Motor Insurance, Medical & Takaful and Property & Casualty. Motor Insurance provides a range of motor-vehicle caused accident insurance policies, including Rukhsa, Al-Shamel, Sanad, Sanad Plus and Motor Commercial. Medical & Takaful offers medical and health insurance plans for retail and corporate sectors, including Families & Individuals, Balsam, Medical Group and Takaful. It also offers savings and investment plans referred to as Takaful Insurance Plans. The Property & Casualty division covers personal accidents and offers Engineering, Property, Energy, Marine Cargo, Marine Hull, General Accidents, Personal Insurance and Aviation insurance services.

Headquarters
Thumamah Road (At Takhassusi), Arrabi District, P.O Box 86959
Riyadh; Al-Riyadh; Postal Code: 11632

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Website: http://www.tawuniya.com.sa

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
1986
Key Executives
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Chairperson
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Vice Chairperson
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
Ownership Details
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74.14%
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25.86%
Subsidiaries
Commercial Vehicle Solutions And Services Company
100%
Meena Healthcare Company
Teejan Al-Khaleej
Company Performance
Financial values in the chart are available after The Company For Cooperative Insurance JSC report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency SAR. Absolute financial data is included in the purchased report.
Net insurance premium revenue
27.28%
Operating profit (EBIT)
50.05%
Net Profit (Loss) for the Period
62.18%
Total assets
12.7%
Investments
26.73%
Receivables
12.04%
Total equity
20.98%
Net Premiums Earned Trend
1.4%
Net Profit Trend
-1.2%
Return on Equity (ROE)
5.05%
Loss Ratio
-0.16%
Underwriting Expenses Ratio
0.36%

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