Riyadh – Mubasher: The Company for Cooperative Insurance (Tawuniya) posted 65.80% year-on-year (YoY) higher net profits after Zakat attributable to the shareholders at SAR 1.02 billion in 2024, versus SAR 616.42 million.
Earnings per share (EPS) increased to SAR 6.82 last year from SAR 4.11 in 2023, according to the financial results.
Meanwhile, the insurance revenues witnessed an annual rise of 19.70% to SAR 18.27 billion during the January-December 2024 period, compared to SAR 15.26 billion.
In the first half (H1) of 2024, the net profits after Zakat attributable to the shareholders of Tawuniya jumped by 104.95% YoY to SAR 656.50 million from SAR 320.31 million.
