The Company for Cooperative Insurance, SA000A0DPSH3

The Company for Cooperative Insurance stock: 9M profit rises 1%

Published on 11/09/2026 at 03:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The Company for Cooperative Insurance stock gains a new earnings focus after nine-month profit reached SAR 911.55 million. Revenue rose 17.45 percent.

Nine-Month Results Point to Uneven Growth

Tawuniya lifted nine-month insurance revenue by 17.45 percent, but net profit attributable to shareholders increased only 1.02 percent.
Chief Executive Othman AlKassabi said the insurer holds about 30 percent of Saudi Arabia's insurance market and is weighing targeted expansion.

The Company for Cooperative Insurance, SA000A0DPSH3, Illustration mit AI erstellt.

Tawuniya reported modest profit growth for the first nine months of 2026 despite a sharp increase in insurance revenue. According to Argaam, net income attributable to shareholders reached SAR 911.55 million for the period ended September 30, compared with SAR 902.37 million a year earlier. That represented a 1.02 percent increase.

Revenue Growth Outpaces Earnings

Insurance revenue climbed 17.45 percent year over year to SAR 18.50 billion. Argaam attributed the increase to expansion in health and motor insurance, while net investment income rose 17.24 percent to SAR 649.50 million.

The earnings mix remained uneven. The insurance service result before reinsurance recorded a loss of SAR 1.95 billion for the nine-month period, compared with a positive result of SAR 2.74 billion in the prior-year period. Higher insurance service expenses in general insurance weighed on operating profitability.

Management Targets Balanced Expansion

Chief Executive Othman AlKassabi said Tawuniya held about 30 percent of Saudi Arabia's insurance market, including 35 percent in health insurance, 31 percent in general insurance and 18 percent in motor insurance. He said the company's priority was to balance expansion with profitability rather than pursue market share alone.

Health insurance accounted for 72 percent of gross written premiums and 74 percent of insurance revenue, according to Argaam's summary of the interview. AlKassabi also said Tawuniya was assessing merger and acquisition opportunities in Saudi Arabia and internationally, alongside investments linked to healthcare, automotive supply chains and risk management.

Business Model and Market Position

The Company for Cooperative Insurance, known as Tawuniya, provides cooperative insurance for health, motor, property and casualty, and specialized risks in Saudi Arabia. Its products serve individuals, small and medium-sized businesses, large enterprises and visitors through digital and broker channels.

The company operates in a competitive Saudi insurance market alongside Bupa Arabia, Medgulf and Al Rajhi Takaful. Tawuniya's reported scale is strongest in health insurance, while its stated strategy emphasizes disciplined growth and profitability across several insurance lines.