TAWUNIYA

Company for Cooperative Insurance

8010StocksTadawulInsurance

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (SAR)

1-5

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	19.48B	16.70B	13.82B	10.18B	8.35B
Operating Expenses	18.23B	15.58B	13.11B	9.79B	8.02B
Pretax Income	1.23B	1.15B	0.72B	0.39B	0.35B
Income Tax	123.51M	122.99M	101.38M	89.39M	83.58M
Net Income	1.10B	1.02B	0.62B	0.30B	0.27B
Premium Revenue	18.79B	16.06B	13.38B	9.79B	7.93B
Policy Benefits	17.46B	14.50B	11.85B	9.22B	6.66B
Policy Cost	2.04B	1.70B	1.17B	0.77B	0.37B
EPS (Basic)	7.37	6.82	4.11	2.01	1.78
EPS (Diluted)	7.35	6.81	4.11	2.01	1.78
DPS	—	1.50	1.00	0.83	—
Margins & Efficiency
Net Margin %	+5.7%	+6.1%	+4.5%	+3.0%	+3.2%
Revenue & Income
Revenue Growth (YoY)	+16.7%	+20.8%	+35.7%	+21.9%	+13.2%
Revenue Insurance	19.48B	16.70B	13.82B	10.18B	8.35B
Premiums Annuity Rev	18.79B	16.06B	13.38B	9.79B	7.93B
Other Revenue Insurance	576.23M	647.18M	569.71M	319.80M	136.95M
Earnings From Equity Investments	—	—	—	—	18.60M
Gain (Loss) on Sale of Assets	—	36.24M	—	—	—
Gain Investment Rev Insurance	204.69M	55.34M	-56.18M	76.46M	117.41M
Non Insurance Rev	9.60M	3.21M	—	—	—
Expenses & Provisions
SG&A Insurance	96.20M	55.45M	30.24M	19.13M	746.27M
Other Opex Insurance	-1.23B	-0.76B	0.07B	-0.36B	0.20B
Total Opex Insurance	18.23B	15.58B	13.11B	9.79B	8.02B
Interest Expense	-20.55M	-9.57M	—	—	—
Policy Benefits	17.46B	14.50B	11.85B	9.22B	6.66B
Policy Cost	2.04B	1.70B	1.17B	0.77B	0.37B
Provision for Bad Debts	-130.75M	91.74M	-16.23M	141.50M	39.89M
D&A For EBITDA	153.95M	104.57M	41.87M	37.59M	24.95M
Deferred Policy Acquisition Cost	—	—	—	—	127.95M
Profitability & Returns
EBIT	1.25B	1.12B	0.72B	0.39B	0.33B
EBIT Margin	+6.4%	+6.7%	+5.2%	+3.8%	+4.0%
EBITDA	1.40B	1.22B	0.76B	0.43B	0.36B
EBITDA Margin	+7.2%	+7.3%	+5.5%	+4.2%	+4.3%
EBT Excluding Unusual Items	1.23B	1.11B	0.72B	0.39B	0.35B
Pretax Income	1.23B	1.15B	0.72B	0.39B	0.35B
Opinc Insurance	1.25B	1.12B	0.72B	0.39B	0.33B
Operating Margin	+6.4%	+6.7%	+5.2%	+3.8%	+4.0%
Profit Margin	+5.7%	+6.1%	+4.5%	+3.0%	+3.2%
Net Income	1.10B	1.02B	0.62B	0.30B	0.27B
Net Income to Common	1.10B	1.02B	0.62B	0.30B	0.27B
Net Income Growth	+7.9%	+65.8%	+104.0%	+13.4%	-32.2%
Income Tax Expense	123.51M	122.99M	101.38M	89.39M	83.58M
Effective Tax Rate	+10.1%	+10.7%	+14.1%	+22.8%	+23.9%
Per Share & Capital
EPS (Basic)	7.37	6.82	4.11	2.01	1.78
EPS (Diluted)	7.35	6.81	4.11	2.01	1.78
EPS Growth	+7.9%	+65.7%	+104.0%	+13.4%	-32.2%
Dividend Per Share	—	1.50	1.00	0.83	—
Shares Change (YoY)	-0	—	—	—	—
Shares Outstanding (Basic)	149.63M	149.88M	150.00M	150.00M	150.00M
Shares Outstanding (Diluted)	149.99M	150.00M	150.00M	150.00M	150.00M
Dividend Growth	—	+50.0%	+20.0%	—	—
Free Cash Flow	0.07B	2.72B	1.54B	1.13B	0.91B
Free Cash Flow Margin	+0.4%	+16.3%	+11.1%	+11.1%	+10.9%
Free Cash Flow Per Share	0.46	18.10	10.26	7.52	6.06
Payout Ratio	+20.5%	+14.5%	+20.3%	0.0%	+36.7%
Supplemental
Total Interest Dividend Income	-98.69M	-68.46M	-65.74M	-2.30M	166.77M

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (SAR)

1-5

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	19.48B	16.70B	13.82B	10.18B	8.35B
Operating Expenses	18.23B	15.58B	13.11B	9.79B	8.02B
Pretax Income	1.23B	1.15B	0.72B	0.39B	0.35B
Income Tax	123.51M	122.99M	101.38M	89.39M	83.58M
Net Income	1.10B	1.02B	0.62B	0.30B	0.27B
Premium Revenue	18.79B	16.06B	13.38B	9.79B	7.93B
Policy Benefits	17.46B	14.50B	11.85B	9.22B	6.66B
Policy Cost	2.04B	1.70B	1.17B	0.77B	0.37B
EPS (Basic)	7.37	6.82	4.11	2.01	1.78
EPS (Diluted)	7.35	6.81	4.11	2.01	1.78
DPS	—	1.50	1.00	0.83	—
Margins & Efficiency
Net Margin %	+5.7%	+6.1%	+4.5%	+3.0%	+3.2%
Revenue & Income
Revenue Growth (YoY)	+16.7%	+20.8%	+35.7%	+21.9%	+13.2%
Revenue Insurance	19.48B	16.70B	13.82B	10.18B	8.35B
Premiums Annuity Rev	18.79B	16.06B	13.38B	9.79B	7.93B
Other Revenue Insurance	576.23M	647.18M	569.71M	319.80M	136.95M
Earnings From Equity Investments	—	—	—	—	18.60M
Gain (Loss) on Sale of Assets	—	36.24M	—	—	—
Gain Investment Rev Insurance	204.69M	55.34M	-56.18M	76.46M	117.41M
Non Insurance Rev	9.60M	3.21M	—	—	—
Expenses & Provisions
SG&A Insurance	96.20M	55.45M	30.24M	19.13M	746.27M
Other Opex Insurance	-1.23B	-0.76B	0.07B	-0.36B	0.20B
Total Opex Insurance	18.23B	15.58B	13.11B	9.79B	8.02B
Interest Expense	-20.55M	-9.57M	—	—	—
Policy Benefits	17.46B	14.50B	11.85B	9.22B	6.66B
Policy Cost	2.04B	1.70B	1.17B	0.77B	0.37B
Provision for Bad Debts	-130.75M	91.74M	-16.23M	141.50M	39.89M
D&A For EBITDA	153.95M	104.57M	41.87M	37.59M	24.95M
Deferred Policy Acquisition Cost	—	—	—	—	127.95M
Profitability & Returns
EBIT	1.25B	1.12B	0.72B	0.39B	0.33B
EBIT Margin	+6.4%	+6.7%	+5.2%	+3.8%	+4.0%
EBITDA	1.40B	1.22B	0.76B	0.43B	0.36B
EBITDA Margin	+7.2%	+7.3%	+5.5%	+4.2%	+4.3%
EBT Excluding Unusual Items	1.23B	1.11B	0.72B	0.39B	0.35B
Pretax Income	1.23B	1.15B	0.72B	0.39B	0.35B
Opinc Insurance	1.25B	1.12B	0.72B	0.39B	0.33B
Operating Margin	+6.4%	+6.7%	+5.2%	+3.8%	+4.0%
Profit Margin	+5.7%	+6.1%	+4.5%	+3.0%	+3.2%
Net Income	1.10B	1.02B	0.62B	0.30B	0.27B
Net Income to Common	1.10B	1.02B	0.62B	0.30B	0.27B
Net Income Growth	+7.9%	+65.8%	+104.0%	+13.4%	-32.2%
Income Tax Expense	123.51M	122.99M	101.38M	89.39M	83.58M
Effective Tax Rate	+10.1%	+10.7%	+14.1%	+22.8%	+23.9%
Per Share & Capital
EPS (Basic)	7.37	6.82	4.11	2.01	1.78
EPS (Diluted)	7.35	6.81	4.11	2.01	1.78
EPS Growth	+7.9%	+65.7%	+104.0%	+13.4%	-32.2%
Dividend Per Share	—	1.50	1.00	0.83	—
Shares Change (YoY)	-0	—	—	—	—
Shares Outstanding (Basic)	149.63M	149.88M	150.00M	150.00M	150.00M
Shares Outstanding (Diluted)	149.99M	150.00M	150.00M	150.00M	150.00M
Dividend Growth	—	+50.0%	+20.0%	—	—
Free Cash Flow	0.07B	2.72B	1.54B	1.13B	0.91B
Free Cash Flow Margin	+0.4%	+16.3%	+11.1%	+11.1%	+10.9%
Free Cash Flow Per Share	0.46	18.10	10.26	7.52	6.06
Payout Ratio	+20.5%	+14.5%	+20.3%	0.0%	+36.7%
Supplemental
Total Interest Dividend Income	-98.69M	-68.46M	-65.74M	-2.30M	166.77M