Our Competitive advantages

Financial Highlights for the Nine Months Period ended 30 September 2020

  • SR 13.5 billion, Total Assets.
  • SR 2.7 billion, Total Equity.
  • SR 6.4 billion, Gross Written Premiums (GWP).
  • SR 5.3 billion, Net Written Premiums (NWP).
  • SR 7.01 billion, Total Revenues.
  • SR 5.81 billion, Net Incurred Claims.
  • SR 691.46 million, Total Comprehensive Income.
  • SR 402.16 million, Net Profit before Zakat.
  • SR 192.40 million, Profit Insurance Operations Minus Policy Holders Investments Revenues.
  • SR 150.42 million, Net Profit of Policy Holders Investment.
  • SR 101.76 million, Net Profit of Shareholders Capital Investment.
  • SR 2.62, Profit per Share.
  • SR 1,250 million, Paid-up Capital
  • 125 million, No. of Shares.

Competitive Advantages

  • The highest insurance professional experience in Saudi Arabia that extends for 35 years.
  • A distinct market share of more than 22% of the total Saudi insurance market.
  • The largest diversified list of insurance programs including more than 60 classes of medical, motor, and property, property, and casualty insurances.
  • The largest sales network in Saudi Arabia with more than 60 branches in different regions.
  • The best claim service centers and offices that settle more than 10 million claims annually.
  • The highest Saudization rate with more than 84% for total employees and 95% for leadership positions.
  • The best quality services are available for 24 hours a day, 7 days a week via the Interactive Voice Response (IVR) Call Centre that receives more than 2 million calls annually.
  • The fastest and most comprehensive e-services through the website and the smartphone application.
  • The first online insurance store to reflect the pioneering concept of smart insurance.
  • Premium package of value added services, exclusive benefits and special offers. 
  • The first insurance loyalty program (Ithra) through which the clients receive special discounts up to 60% of partners’ products and services.
  • An advanced electronic environment managed by experts in various insurance fields that puts customers at the center of attention.
  • The largest network of medical service providers accredited in the Kingdom and around the world.
  • A list of motor repair agents and workshops.
  • An electronic link with health service providers to achieve the fastest time for issuing approvals and settling claims.
  • A strong insurance portfolio that includes large companies in various economic sectors and governmental entities.
  • A long-term relationship with the biggest international reinsurers.
  • The highest level of compliance with governance regulations and implementing rules issued by control bodies.
  • Full compatibility of insurance programs and investment portfolios with the provisions of Islamic Sharia.

Tawuniya Awards & Ranking- 2020

  • Outstanding Contribution to Social Impact- Saudi Arabia 2020 by CFI British Magazine.
  • Best Health Insurance Brand – KSA 2020 by Global Brand Magazine (GBM).
  • General Insurance Company of the Year-2020 by Middle East Insurance Industry Awards.
  • Best Auto Insurance Company-2020 by Global Banking & Finance Review (GBFR).
  • Best Insurance Customer Service Company- Saudi Arabia 2020 by International Business magazine (IBM).
  • Best CEO in the Insurance Sector – KSA 2020 by International Finance Magazine (IFM).
  • Best Takaful Insurance Company-2020 by Global Islamic Finance Awards (GIFA).
  • Best Corporate Insurance Solutions Provider - KSA 2020 by International Business magazine (IBM).
  • Most 20 Valuable Insurance Company in the Middle East-2020 by Forbes Middle East Magazine.
  • Top 30 Most Valuable Brand in Saudi Arabia and UAE 2020 by BrandZ.
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