Tawuniya - Company for Cooperative Insurance

Tawuniya
  • Date of creation: 18 January 1986, Saudi Arabia
  • Class of business: Life and non life insurance
  • Distribution network: 115 agencies in Saudi Arabia
  • Rating: Standard & Poor’s: « A- » stable / Fitch Ratings : « A- » Stable

Tawuniya in 2021

bdulaziz ibrahimt
Abdulaziz H Alboug
Abdulaziz Ibrahim Alnowaiser
Chairman of the board
Abdulaziz H. Alboug
Chief executive officer (CEO)
Share capital
332 875 000 USD
Turnover
2 721 215 000 USD
Assets
3 896 772 000 USD
Shareholder’s equity
809 303 000 USD
Net result
76 931 000 USD
Non-life net loss ratio
84.03%
Non life management expenses ratio
12.82%
Non-life net combined ratio
96.85%
Agencies
115

Management

Abdulaziz Ibrahim AlnowaiserChairman of the board
Abdulaziz H. AlbougChief executive officer
Ammr KurdiChief Financial Officer
Fahad AlmoammarChief Investment Officer
Yaser AllafChief Governance, Risk & Control
Marwan AlghamdiChief Strategy Officer
Adel AlhamoudiChief Customer Experience and Marketing Officer

Shareholding

General Organization for Social Insurance - Saudi Arabia25,85%
Othes75,15%

Tawuniya : main technical highlights

Figures in thousands USD
 20172018201920202021
Gross written premiums
2 240 2092 034 1762 230 5752 413 1492 721 215
Gross non life written premiums
2 240 2092 027 0482 223 5722 404 7072 711 703
Gross life written premiums
-7 1287 0038 4429 512
Net written premiums
1 940 0571 737 5761 784 4792 015 3332 292 274
Net non life written premiums
1 940 0571 734 5011 784 9802 012 7892 290 243
Net earned premiums
1 945 9991 880 9751 831 4991 875 3872 111 669
Net non life earned premiums
1 945 9991 877 9801 828 9171 872 7942 109 740
Net non life incurred losses
1 815 6691 748 8031 547 9941 460 6741 772 786
Non life management expenses
256 570234 959247 176271 604293 572
Net non life loss ratio (1)
93.30%93.12%84.64%77.99%84.03%
Net non life management expenses ratio (2)
13.22%13.55%13.85%13.49%12.82%
Net non life combined ratio (3)
106.52%106.67%98.49%91.48%96.85%
Net result
-39 051-74 36196 369118 22176 931
(1) Net non life loss ratio = Net non life incurred losses / Net non life earned premiums
(2) Net non life management expenses ratio = Non life management expenses / Net non life written premiums
(3) Net non life combined ratio = Net non life loss ratio + Net non life management expenses ratio

Tawuniya : turnover breakdown per class of business

Figures in thousands USD
 201720182019202020212021 shares
Health
1 531 4011 525 4111 581 0541 788 2502 087 47676.71%
Property damage et responsabilité
288 762284 384431 714411 669428 74315.76%
Motor
420 046217 253210 804180 186164 7366.05%
Other risks (1)
---24 60230 7481.13%
Total non life2 240 2092 027 0482 223 5722 404 7072 711 70399.65%
Life-7 1287 0038 4429 5120.35%
Grand total2 240 2092 034 1762 230 5752 413 1492 721 215100%

(1) Including travel insurance and accident

Tawuniya turnover 2021

Tawuniya : net written premiums per class of business

Figures in thousands USD
 201720182019202020212020-2021 evolution (1)
Health
1 499 7891 500 2041 554 9901 787 8952 064 95215.50%
Property damage et responsabilité
26 87922 63223 14122 99132 20240.06%
Motor
413 389211 665206 849178 074163 685-8.08%
Other risks (2)
---23 82929 40423.40%
Total non life1 940 0571 734 5011 784 9802 012 7892 290 24313.78%
Life-3 0752 4992 5442 031-20.17%
Grand total1 940 0571 737 5761 787 4792 015 3332 292 27413.74%

(1) Evolution in local currency
(2) Including travel insurance and accident

Tawuniya: net earned premiums per class of business

Figures in thousands USD
 201720182019202020212020-2021 evolution (1)
Health
1 487 0651 543 8181 596 3741 640 9521 892 02215.30%
Property damage et responsabilité
29 59929 47925 97423 25426 95215.90%
Motor
429 335304 683206 569184 763163 225-11.66%
Other risks (2)
---23 82527 54115.59%
Total non life1 945 9991 877 9801 828 9171 872 7942 109 74012.65%
Life-2 9952 5822 5931 929-25.60%
Grand total1 945 9991 880 9751 831 4991 875 3872 111 66912.60%

(1) Evolution in local currency
(2) Including travel insurance and accident

Tawuniya: incurred losses per non life insurance

 20172018201920202021Evolution 2020-2021 (1)
Health
1 535 5701 567 3361 448 6601 373 0561 665 73321.32%
Property damage
9 8528 3335 0103 5284 52228.14%
Motor
270 247173 13494 32483 43495 61314.60%
Other risks (2)
---6566 918954.77%
Grand total1 815 6691 748 8031 547 9941 460 6741 772 78621.37%

(1) Evolution in local currency
(2) Including travel insurance and accident

Tawuniya: net loss ratio per non life insurance

 20172018201920202021
Health
103.26%101.52%90.75%83.67%88.04%
Property damage
33.29%28.27%19.27%15.17%16.78%
Motor
62.95%56.82%45.66%45.16%58.58%
Other risks
---2.75%25.12%
Grand total93.30%93.12%84.64%77.99%84.03%
Exchange rate as at 31/12
SAR/USD
2017
2018
2019
2020
2021
0.26648
0.26621
0.26631
0.2663
0.2663
Tawuniya

Tawuniya

Headquarters
6507 Thumamah Road- Ar Rabi District, P.O. Box 86959, Riyadh 11632, Saudi Arabia
Tell
+966 11 252 5800
Fax
+966 11 400 0844
E-mail
info [at] tawuniya [dot] com [dot] sa
Website

(1) Evolution in local currency
(2)Including travel insurance and accident

0
Your rating: None
Advertising Program          Terms of Service          Copyright          Useful links          Social networks          Credits