Financial Results : Tawuniya profit rises to SAR 729.1M in H1 2025; Q2 at SAR 467.4M

Tawuniya profit rises to SAR 729.1M in H1 2025; Q2 at SAR 467.4M

04/08/2025 Argaam Exclusive

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The Company for Cooperative Insurance (Tawuniya) reported a net profit of SAR 729.1 million in H1 2025, compared to SAR 656 million a year earlier.



Financials (M)

Item 6m 2024 6m 2025 Change‬
Gross Written Premium (GWP) 10,292.09 11,956.47 16.2 %
Insurance Revenues 8,798.19 10,347.36 17.6 %
Net Profit Before Zakat & Tax 685.54 794.35 15.9 %
Net Income 656.51 729.11 11.1 %
Average Shares 150.00 150.00 -
Earnings Per Share before unusual items (Riyals) 4.14 4.86 17.5 %
EPS (Riyal) 4.38 4.86 11.1 %

The profit growth was driven by improved insurance service results, attributed to lower claims, enhanced management efficiency and core business activities.

 

Tawuniya’s investment portfolio grew to SAR 12.2 million, along with a noticeable improvement in return rates.

 

Gross written premiums (GWPs) increased by 16.17%, amounting to SAR 12 million, compared to SAR 10.3 million in the same period last year.



Current Quarter Comparison (M)

Compared With The
Item Q2 2024 Q2 2025 Change‬
Gross Written Premium (GWP) 5,732.09 5,370.92 (6.3 %)
Insurance Revenues 4,412.23 5,225.94 18.4 %
Net Profit Before Zakat & Tax 455.46 499.99 9.8 %
Net Income 459.81 467.42 1.7 %
Average Shares 150.00 150.00 -
Earnings Per Share before unusual items (Riyal) 2.82 3.12 10.3 %
EPS (Riyal) 3.07 3.12 1.7 %

The second-quarter net earnings climbed 1.7% to SAR 467.42 million, from SAR 459.81 million in Q2 2024.

 

On a sequential basis, net earnings surged 78.6% from SAR 261.69 million in Q1 2025.

Insurance Operations

Item 6m 2024 6m 2025 Change‬
Gross Written Premium (GWP) 10,292.09 11,956.47 16.2 %
Insurance Revenues 8,798.19 10,347.36 17.6 %
Insurance Services Income 728.34 761.94 4.6 %
Investment Income 179.35 430.76 140.2 %
Net Profit of Insurance Services and Investment 858.13 1,122.34 30.8 %

Shareholders’ equity rose to SAR 4.96 billion by the end of the current period, from SAR 4.11 billion a year earlier.

 

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