Riyadh – Mubasher: The Company for Cooperative Insurance (Tawuniya) logged net profits after Zakat attributable to the owners valued at SAR 261.69 million in the first quarter (Q1) of 2025.
The recorded net profits were higher by 33.04% than SAR 196.69 million in Q1-24, the financial results showed.
Insurance revenues grew by 16.76% year-on-year (YoY) to SAR 5.12 billion in Q1-25 from SAR 4.38 billion.
Earnings per share (EPS) stood at SAR 1.76 in the first three months (3M) of 2025, up from SAR 1.31 a year earlier.
Quarterly, the Q1-25 net profits hiked by 55.80% from SAR 167.96 million in Q4-24, while the insurance revenues jumped by 7.17% from SAR 4.77 billion.
In 2024, the net profits after Zakat attributable to the shareholders of Tawuniya enlarged by 65.80% to SAR 1.02 billion from SAR 616.42 million in 2023.
