Al-Tawuniya Q2 profit down to 321.77M
The Cooperative Insurance Company's results for the second quarter of 2026 showed a decline in net profit by 31.16%, reaching 321.77 million SAR, compared to 467.42 million SAR in the same period of the previous year. This was due to an increase in insurance claims across the engineering, energy, health, and motor sectors. For the first six months of the year, net profit decreased by 16.36% to 609.8 million SAR, despite insurance revenues growing by 15.94% to 11.99 billion SAR, with written premiums increasing by 21.49% to 14.52 billion SAR. Reinsurance impacts affected the insurance results, declining by 14.82% due to rising claims and associated costs. Meanwhile, investments saw an increase in net profits by 12.89%, reaching 416.1 million SAR, supported by an 11.06% rise in the value of the investment portfolio.
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