Saudi Arabia:Prudent pricing boosts Tawuniya's financial performance

By MEIR team | 27 Aug 2024

Saudi Arabia Life & Health Property & Casualty Financial Performance

The Company for Cooperative Insurance (Tawuniya), among Saudi Arabia's top three insurers in terms of insurance revenue and profits, has a Fitch Ratings calculated net income return on equity that improved to 34% (annualised) in 1H24 (2023: 18%, 2022: 10%), supported by strong underwriting performance and resilient investment income.

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