Saudi

The Cooperative Insurance Company earned clear profits of 262 million Riyals in the first quarter of this year, which is an increase of 33% compared to the same quarter of 2024, according to a company statement. The company writes this strong growth in the total seizure of premiums by 43%, with an income of 6.55 billion Riyale from the beginning of the year to March 31. Insurance income also grew 17% during the first quarter to more than 5 billion rows. The company attributes the growth of revenue to the performance of the various sectors of the business, especially health insurance and general insurance. CEO Othman Al -qasabi said in an interview with “Al -Sharq” said the strong performance is due to a strategy that the company started in 2021 on four axes; Sustainable growth, improving customer experience and increasing operational efficiency by developing digital structure and investing in human capital. Regarding the products of the new company, Al -qasabi said the company had obtained the approval of the insurance authority for the sale of small transport polishes “scooters” for startups renting it, and expected to have a clear part in the income of the enterprise during the next five years, in light of the market demand for this type of movement from the Kingdom and Recreation Transformation. As for the company “Mina” launched by the company, Al -qasabi reported that it became the largest home healthcare provider, if it served approximately 116 thousand customers within a year and three months since the founding. He added that the company “Tree”, which was also launched by the company, could attract about 300,000 customers.