Company for Cooperative Insurance 2024 AR2
The report highlights Tawuniya's financial and operational performance for the fiscal year 2024, showcasing its position as the largest insurer in the MENA region. The company achieved a record net profit after Zakat of SAR 1,022 million, representing a 66% increase year-on-year, with insurance revenues surpassing SAR 18.27 billion. Key achievements include the expansion of the Tawuniya Vitality program to 1.3 million members and the growth of the Tawuniya Drive telematics program to over 951,000 registered users. Additionally, the company advanced its digital transformation through its subsidiary TREE Digital Insurance and integrated healthcare services via Meena Health. Tawuniya also reinforced its commitment to ESG principles, aligning its operations with Saudi Vision 2030 and improving its MSCI ESG rating to BBB.
Company: Company for Cooperative Insurance
Sector: Finance & insurance
Country: Saudi Arabia
Year: 2024
Type: AR2
Pages: 187
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Company for Cooperative Insurance
Annual Report
The report highlights Tawuniya's financial and operational performance for the fiscal year 2024, showcasing its position as the largest insurer in the MENA region. The company achieved a record net profit after Zakat of SAR 1,022 million, representing a 66% increase year-on-year, with insurance revenues surpassing SAR 18.27 billion. Key achievements include the expansion of the Tawuniya Vitality program to 1.3 million members and the growth of the Tawuniya Drive telematics program to over 951,000 registered users. Additionally, the company advanced its digital transformation through its subsidiary TREE Digital Insurance and integrated healthcare services via Meena Health. Tawuniya also reinforced its commitment to ESG principles, aligning its operations with Saudi Vision 2030 and improving its MSCI ESG rating to BBB.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees