Tawuniya plans to launch reinsurance firm: CEO

Health insurance revenue accounted for 74% of total revenue and 82% of insurance profit. Meanwhile, motor insurance represented 12% of total revenue and contributed 3% to profit.

General insurance made up 13% of total revenue and contributed 16% of insurance profit. As for the protection and savings portfolio, it contributed about 1% to both revenue and profit, as it remains in growth phase.

Tawuniya seeks to add four new facilities of Meena Health Co., bringing the total to nine and making it the largest provider of home healthcare services in Riyadh.

Tawuniya holds approximately 28% of the insurance market share, continues to monitor competition dynamics, and has a strategic plan for expansion, said Alkassabi.

In his remarks to Al Arabiya, Alkassabi revealed that the company acquired more than 25 auto repair centers as part of its expansion strategy in the motor sector. These initiatives position Tawuniya as an integrated unit, moving beyond the traditional concept of insurance toward investing in an integrated ecosystem of everyday life services.

Tawuniya’s net profit increased to SAR 902.4 million during the first nine months of 2025, compared to SAR 854.1 million in a year-earlier period. Q3 2025 net earnings stood at SAR 173.3 million, Argaam data showed.