Walaa Cooperative Insurance Company SJSC operates in the Fire, marine, and casualty insurance sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Walaa Cooperative Insurance Company SJSC with three other
companies in this sector in SAUDI ARABIA :
Allianz Saudi Fransi Cooperative Insurance Company SJSC
(2019
sales of 712.97 million Saudi Arabian Riyals [US$190.08 million]
of which 64%
was Vehicles),
Malath Cooperative Insurance Company SJSC
(710.33 million Saudi Arabian Riyals [US$189.37 million]
of which 57%
was Vehicles), and
Al Etihad Cooperative Insurance Co SJSC
(856.57 million Saudi Arabian Riyals [US$228.36 million]
of which 74%
was Motor).
Sales Analysis.
Walaa Cooperative Insurance Company SJSC reported sales of 766.23 million Saudi Arabian Riyals (US$204.28 million)
for the
year ending
December of 2019.
This
represents
a
decrease of 9.3%
versus 2018, when the company's sales were 844.86 million Saudi Arabian Riyals.
Contributing to the drop in overall sales was the 33.3% decline
in Medical Insurance, from 102.04 million Saudi Arabian Riyals to 68.03 million Saudi Arabian Riyals.
There were also decreases in sales in
General Insurance/motor (down 7.9% to 609.48 million Saudi Arabian Riyals)
and
Property (down 17.9% to 2.47 million Saudi Arabian Riyals)
.
However, these declines were partially offset by the increase in sales of
Engineering (up 35.6% to 4.07 million Saudi Arabian Riyals)
and
Others (up 1.1% to 28.83 million Saudi Arabian Riyals)
.