Tawuniya Delivers Strong Q3 Performance, Reinforcing the Resilience of Its 9M 2026 Results
The Company for Cooperative Insurance (Tawuniya) announced its financial results for the third quarter and first nine months of 2026. The company delivered a strong third-quarter performance, supported by growth in insurance revenue, an improved insurance service result, and positive investment performance.
Net profit after zakat for Q3 rose 75.1% year-on-year to SAR 303.3 million, compared with SAR 173.3 million in Q3 2025.
Q3 insurance revenue grew 20.3% to SAR 6.5 billion, compared with SAR 5.4 billion in the same period last year. The insurance service result rose 21.1% to SAR 413.6 million. The insurance service margin stood at 6.4%, broadly in line with its level in Q3 of the previous year.
For the first nine months of 2026, gross written premiums increased 16.2% year-on-year to SAR 20.0 billion. Insurance revenue rose 17.5% to SAR 18.5 billion.
The insurance service result for the nine-month period was SAR 1,034.8 million, compared with SAR 1,075.1 million in the same period last year. The stronger Q3 performance significantly reduced the impact on cumulative results of the exceptional claims recorded in the first half of the year.
The nine-month insurance service margin was 5.6%, compared with 6.8% in the same period last year. The year-on-year gap has narrowed compared with the end of the first half.
Investment income grew 25.9% year-on-year in Q3 and 17.2% over the first nine months of 2026. Together with improved insurance results, this supported profit growth and strengthened the company’s financial performance.
Reflecting the Q3 performance, net profit after zakat for the first nine months of 2026 rose 1.4% year-on-year to SAR 914.6 million, compared with SAR 902.4 million in the same period last year.
Across its business lines, Tawuniya continued to strengthen the performance of its portfolio in health, motor, and general insurance. The motor segment made notable progress in Q3. This was driven by business momentum and ongoing efforts to improve portfolio performance, underwriting efficiency, and claims management, which increased the segment’s contribution to the company’s overall results. The company also continued to develop its health and general insurance offerings to meet customer needs and support business diversification.
Othman Al-Kassabi, CEO of Tawuniya, said: “Tawuniya delivered a strong performance in the third quarter, supported by growth in insurance revenue, improved insurance service performance, and positive investment returns.” He noted that this performance reflects progress in implementing the company’s pricing, underwriting, portfolio management, and risk management policies.
He added that the nine-month results remain affected by the exceptional claims of the first half. However, the stronger third quarter helped limit their impact on cumulative results, which he said demonstrates the resilience of the company’s business model and the effectiveness of its risk and reinsurance management.
He affirmed that Tawuniya will continue to focus on underwriting discipline, improving portfolio quality, and executing its 2030 strategy. The company will also keep developing its operational, investment, and risk management capabilities. In his words, these efforts support sustainable growth, preserve the company’s strong financial position, enhance value for customers and shareholders, and contribute to the development of the insurance sector and the national economy, in line with the goals of Saudi Vision 2030.
