Tawuniya Records Q2 Net Profit of SAR 467.4 Mln, 2% Increase

The Company for Cooperative Insurance (Tawuniya) recorded on Monday a net profit after zakat attributable to shareholders of SAR 467.4 million during the second quarter of 2025, compared with SAR 459.8 million in the same quarter of the previous year, an increase of 1.6%. This came after the announcement today of the estimated financial results for the period ending June 30, 2025.

Net profit (loss) from insurance results amounted to SAR 485 million in the second quarter of 2025, compared with SAR 491.9 million in the same quarter of the previous year, a decrease of 1.4%.

Profits per share amounted to SAR 4.86 in the second quarter, compared with SAR 4.38 in the same quarter of the previous year.

According to the Company:

– Insurance services results for the current quarter witnessed a significant increase, reaching SAR 1,104,421 thousand, compared with SAR 993,284 thousand in the same quarter of the previous year, an increase of 11.91%. This increase was due to higher insurance revenues supported by better claims management;

– Net insurance profits for the current quarter amounted to SAR 485,039 thousand, compared with SAR 491,950 thousand in the same quarter of the previous year, a slight decrease of 1.40%;

– The Company’s investment portfolio witnessed strong growth, resulting in an increase in net investment income of SAR 173,399 thousand during the current quarter, compared with SAR 154,742 thousand during the same quarter of the previous year, an increase of 12.06%. This increase was due to an increase in the size of the investment portfolio, which reached SAR 12,158,549 thousand, driven by the company’s significant steps to diversify its investment portfolio, accompanied by a significant improvement in return rates; and

– Total written premiums during the current quarter amounted to SAR 5,370,916 thousand, compared with SAR 5,732,090 thousand in the same quarter of the previous year, a decrease of 6.30%.