Latest news with #CooperativeInsurance
Zawya
06-08-2025
- Business
- Zawya
Egypt: Bupa Arabia's profits fall to $13.8mln in H1-25; revenues up 2%
Bupa Arabia for Cooperative Insurance Company delivered 12.76% lower net profits after Zakat attributable to shareholders at SAR 666.48 million in the first half (H1) of 2025, compared to SAR 764.02 million in H1-24. Insurance revenues increased by 2.11% year-on-year (YoY) to SAR 9.12 billion in the first six months (6M) of 2025 from SAR 8.93 billion, according to the interim financial results. Earnings per share (EPS) stood at SAR 4.46 in H1-25, an annual decline from SAR 5.10. Results for Q2 In the second quarter (Q2) of 2025, the net profits of Bupa Arabia shrank by 29.25% to SAR 286.25 million from SAR 404.60 million in Q2-24. Meanwhile, the insurance revenues hit SAR 4.71 billion in Q2-25, reflecting a YoY increase of 3.36% from SAR 4.56 billion. Quarter-on-quarter (QoQ), the Q2-25 net profits fell by 24.71% compared to SAR 380.23 million in January-March 2025, while the insurance revenues climbed by 6.93% from SAR 4.40 billion. All Rights Reserved - Mubasher Info © 2005 - 2025 Provided by SyndiGate Media Inc. (
Argaam
13-07-2025
- Business
- Argaam
Fitch affirms Tawuniya ‘A' credit rating with positive outlook
Fitch Ratings affirmed The Company for Cooperative Insurance's (Tawuniya) Insurer Financial Strength (IFS) rating at 'A'. The Outlook is Positive. In a statement to Tadawul, the insurer said that this rating is an important indicator reflecting the company's strong financial position and the diversity of its services and products. Tawuniya views this rating as a testament to its continued commitment to financial strength, sustainable growth, and leadership in the Saudi insurance market, the statement added.
Argaam
25-06-2025
- Business
- Argaam
Leadership of insurance pool for latent defects insurance product transferred to Tawuniya
The Insurance Authority (IA) announced that leadership of the insurance pool for the latent defects insurance product has been transferred from Malath Cooperative Insurance Co. to The Company for Cooperative Insurance (Tawuniya), effective for three years as of June 24. As many as 17 insurance firms are taking part in this pool. According to Argaam 's data, Tawuniya announced last February its selection by the IA to lead the insurance pool against the inherent defects insurance product on behalf of the insurance sector. In July 2020, Malath signed an agreement with several participating insurance players for the latent defects insurance product, following the Saudi Central Bank's (SAMA) approval.
