The Company For Cooperative Insurance (Tawuniya), among Saudi Arabia's top three insurers, has reported net profit before zakat of SAR1,020.6m for the first nine months of this year, showing a marginal increase of 1.42% over the corresponding period in 2025.
This represented a significant improvement from the 14.42% year-on-year decline recorded for the first half of this year, said Tawuniya in a statement lodged with the stock exchange.
The company reported net profit after zakat attributable to shareholders of SAR911.6m for the January-September 2026 period, compared to SAR902.4m in the corresponding period last year, an increase of 1.02%.
Other highlights of Tawuniya’s nine-month (9M2026) financial performance include:
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Insurance revenue reached SAR18,502m in 9M2026, compared to SAR15,753m in 9M2025, an increase of 17.45% driven by the growth in the company's health and motor sector. Health GWP increased by 14.69%, while motor rose by 32.46%.
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Gross Written Premium (GWP) amounted to SAR19,966m, a year-on-year increase of 16.22%.
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Insurance service result (before reinsurance) for 9M2026 amounted to a loss of SAR1,952m compared with SAR2,7340m in 9M2025, plunging by 171.24%. This was due to elevated insurance service expenses in the P&C sector.
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After reinsurance, the net insurance service result decreased by 3.74% to SAR1,035m in 9M2026, significantly narrowing the year-on-year decline from 14.8% witnessed in 1H2026 driven by stronger third-quarter performance.
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Net investment income increased by 17.24% to SAR649.5m in 9M2026, compared to SAR554m in the same period of last year. In addition, the investment portfolio grew by 11.37% to SAR13,846m as at 30 September 2026, compared to SAR12,432m 12 months previously.
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Summary of Tawuniya’s financial performance in the first 3 quarters
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All figures are in SAR ‘000
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First 9 months
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Metric
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2026
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2025
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% Change
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Insurance Revenue
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18,502,064
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15,752,727
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17.45
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Insurance Service Result
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-1,951,787
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2,739,721
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-
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Net Profit (Loss) - Insurance Result
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1,034,802
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1,075,051
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-3.74
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Net Profit (Loss) - Investment Result
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649,507
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553,988
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17.24
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Net Insurance Financing Expenses
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-48,682
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-90,071
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-45.95
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Net Profit (Loss), After Zakat, Attributable To Shareholders
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911,553
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902,367
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1.02
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Total Comprehensive Income Attributable to Shareholders of the Issuer
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908,514
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903,383
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0.57
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Total Shareholders’ Equity (after deducting minority equity)
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5,947,118
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5,141,867
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15.7
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Source: Tawuniya
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