Tawuniya: 2022 results

Cooperative Insurance (Tawuniya)The Company for Cooperative Insurance (Tawuniya) has recorded as at 31 December 2022 a 40.43% turnover growth to 14.35 billion SAR (3.8 billion USD).

The net profit before zakat (tax) has improved by 37.2% to reach 480.4 million SAR (127.9 million USD) against 350.2 million SAR (93.3 million USD) in 2021.

This performance was driven by the increase in premiums, technical result and net investment income.

The incurred losses amounted to 8.5 billion SAR (2.3 billion USD), up by 26.95%.

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