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Tawuniya (التعاونية للتأمين)
Main Activities: Insurance Carriers
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Company Information |
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Full name The Company for Cooperative Insurance (NCCI) (التعاونية للتأمين ) Headquarters P.O. Box 86959, BRAJ Atta'awuneya Building, Al Tawunya Building, 700 King Saad Road, Riyadh 11632.; Riyadh City; Al Riyadh |
Status: Listed Legal Form: Limited Liability Company Operational Status: Operational Financial Auditors: PricewaterhouseCoopers (2012) Incorporation Date: January 18, 1986 Total Employees: 733 Tel: 966 12180100 |
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Company Description |
| The Company for Cooperative Insurance (Tawuniya) is a Saudi Arabia-based public shareholding company established in in Riyadh, Kingdom of Saudi Arabia by Royal Decree Number M/5 dated 9/1/1985 and incorporated on January 18, 1986 under Commercial Registration No. 1010061695. Engaged in the provision of cooperative insurance and reinsurance activities. The Company offers its services through three divisions: Motor Insurance, Medical & Takaful and Property & Casualty. Motor Insurance provides a range | ||
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Company Analysis |
| According to the Individual - Audited financial statement for the Year of 2011, total net operating revenues increased with 5.99%, from SAR 4,180,906 thousands to SAR 4,431,153 thousands. The results of the period decreased -9.46% reaching SAR 439,060 thousands at the end of the period against SAR 484,912 thousands last year. Return on equity (Net income/Total equity) went from 27.41% to 21.43%, the Return On Asset (Net income / Total Asset) went from 6.44% to 5.95% and the Net Profit Margin (Net Income/Net Sales) went from 11.60% to 9.91% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 260.39% compared to 325.75% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 0.60 to 0.39 when compared to the previous year. |
Key Executives |
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Companies with Similar Main Activities |
FULL COMPANY PROFILE
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2011 Y (non-cons) |
2010 Y (non-cons) |
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| Audited | Audited | |
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| Finglobe - MENA Spread Financial Statements | Finglobe - MENA Spread Financial Statements | |
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| Unit | Thousands | Thousands |
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Balance Sheet
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Total Assets |
7,383,853 |
7,531,514 |
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Current Assets |
2,081,392 |
3,458,560 |
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Total Liabilities |
5,334,995 |
5,762,510 |
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Shareholders Equity |
2,048,858 |
1,769,004 |
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Current Liabilities |
5,334,995 |
5,762,510 |
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| * All the accounts are in SAR. | ||
Income Statement
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Total Operating Revenue |
4,431,153 |
4,180,906 |
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Net Profit (Loss) |
439,060 |
484,912 |
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| * All the accounts are in SAR. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
5.95% |
6.44% |
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Annualised Return on Assets (ROA) |
5.95% |
6.44% |
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Return on Equity (ROE) |
21.43% |
27.41% |
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Annualised Return on Equity (ROE) |
24.82% |
34.24% |
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Return on Sales (ROS) |
9.91% |
11.6% |
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Gross Profit Margin |
100% |
100% |
| Efficiency Ratios | ||
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Accounts Receivable Turnover |
3.36x |
3.25x |
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Current asset turnover |
2.13x |
1.21x |
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Fixed-asset turnover |
0.84x |
1.03x |
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Asset Turnover |
0.60x |
0.56x |
| Valuation figures and ratios | ||
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Enterprise value |
5,081,240 |
5,597,219 |
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Bookvalue (BV) |
2,048,858 |
1,769,004 |
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Net Cash |
-5,081,240 |
-5,597,219 |
| Liquidity Ratios | ||
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Current Ratio |
39.01% |
60.02% |
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Quick ratio |
39.01% |
60.02% |
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Doom's day ratio |
4.76% |
2.87% |
| Leverage Ratios | ||
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Leverage ratio |
360.39% |
425.75% |
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Debt to equity |
260.39% |
325.75% |
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Debt to total assets |
72.25% |
76.51% |
| Trend Ratios | ||
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Revenue Trend |
105.99% |
103.61% |
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Net Income Trend |
90.54% |
163.62% |
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