Company for Cooperative Insurance SJSC
SAU:8010
Company for Cooperative Insurance SJSC
Tax Provision
Company for Cooperative Insurance SJSC
Tax Provision Peer Comparison
Competitors Analysis
Latest Figures & CAGR of Competitors
| Company | Tax Provision | CAGR 3Y | CAGR 5Y | CAGR 10Y | ||
|---|---|---|---|---|---|---|
|
|
Company for Cooperative Insurance SJSC
SAU:8010
|
Tax Provision
-ď·Ľ123m
|
CAGR 3-Years
-14%
|
CAGR 5-Years
-11%
|
CAGR 10-Years
-11%
|
|
|
Mediterranean & Gulf Cooperative Insurance and Reinsurance Company SJSC
SAU:8030
|
Tax Provision
ď·Ľ3m
|
CAGR 3-Years
N/A
|
CAGR 5-Years
N/A
|
CAGR 10-Years
N/A
|
|
|
Walaa Cooperative Insurance Company SJSC
SAU:8060
|
Tax Provision
-ď·Ľ14m
|
CAGR 3-Years
6%
|
CAGR 5-Years
2%
|
CAGR 10-Years
N/A
|
|
|
C
|
CHUBB Arabia Cooperative Insurance Company SJSC
SAU:8240
|
Tax Provision
-ď·Ľ9.4m
|
CAGR 3-Years
-33%
|
CAGR 5-Years
-6%
|
CAGR 10-Years
-8%
|
|
|
Al Rajhi Company for Cooperative Insurance SJSC
SAU:8230
|
Tax Provision
ď·Ľ3m
|
CAGR 3-Years
N/A
|
CAGR 5-Years
N/A
|
CAGR 10-Years
N/A
|
|
|
Gulf Insurance Group SJSC
SAU:8250
|
Tax Provision
-ď·Ľ27.3m
|
CAGR 3-Years
1%
|
CAGR 5-Years
-5%
|
CAGR 10-Years
N/A
|
|
Company for Cooperative Insurance SJSC
Glance View
Nestled in the vibrant and business-centric kingdom of Saudi Arabia, the Company for Cooperative Insurance SJSC, often recognized by its brand name Tawuniya, stands as a formidable entity in the insurance sector. Established in 1986, Tawuniya emerged as the nation's first insurance company to operate under cooperative principles. These principles blend the commercial aspects of insurance with a cooperative spirit, emphasizing a shared responsibility among stakeholders. The company offers a wide array of products encompassing health, motor, and property insurance, ensuring comprehensive coverage underpinned by sound risk management. As the market leader, Tawuniya has leveraged strong local partnerships and advanced technological solutions to streamline its operations, enabling efficient risk assessment and claim processing which has become pivotal in meeting the fast-paced demands of modern clients. Tawuniya's business model is built on a framework that balances profitability with communal benefit. Revenue flows predominantly from premiums collected on issued policies, which are carefully priced and strategically diversified to cover a broad spectrum of market segments from individuals to corporates. The company's primary income is amplified by its shrewd investment strategies, deploying premium reserves into safe and lucrative ventures to maximize returns. Yet, it is Tawuniya's emphasis on customer-centric innovation that fuels its growth engine, featuring digital platforms that enhance user accessibility and engagement, thereby cultivating a strong customer base. Buoyed by its strong brand reputation and a seasoned management team, Tawuniya continues to consolidate its market position, aiming for sustainable growth within the dynamic landscape of the Middle Eastern insurance industry.
See Also
What is Company for Cooperative Insurance SJSC's Tax Provision?
Tax Provision
-123m
SAR
Based on the financial report for Dec 31, 2024, Company for Cooperative Insurance SJSC's Tax Provision amounts to -123m SAR.
What is Company for Cooperative Insurance SJSC's Tax Provision growth rate?
Tax Provision CAGR 10Y
-11%
Over the last year, the Tax Provision growth was -21%. The average annual Tax Provision growth rates for Company for Cooperative Insurance SJSC have been -14% over the past three years , -11% over the past five years , and -11% over the past ten years .
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