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:
Salama Cooperative Insurance Company SJSC
(2018
sales of 746.16 million Saudi Riyals [US$198.98 million]
of which 86%
was Vehicles Insurance),
Allianz Saudi Fransi Cooperative Insurance Company SJSC
(628.53 million Saudi Riyals [US$167.61 million]
of which 60%
was Vehicles), and
Al Etihad Cooperative Insurance Co SJSC
(780.32 million Saudi Riyals [US$208.09 million]
of which 71%
was Motor).
Sales Analysis.
Walaa Cooperative Insurance Company SJSC reported sales of 844.86 million Saudi Riyals (US$225.30 million)
for the
year ending
December of 2018.
This
represents
an
increase of 2.6%
versus 2017, when the company's sales were 823.71 million Saudi Riyals.
Sales at Walaa Cooperative Insurance Company SJSC have increased during each of the previous five years
(and since 2013, sales have increased a total of 296%).
Sales of General Insurance/motor saw an increase
of
3.0% in 2018, from
642.62 million Saudi Riyals to 661.76 million Saudi Riyals.
Not all segments of Walaa Cooperative Insurance Company SJSC experienced an increase in sales in 2018:
sales of Engineering fell 37.0% to 3.00 million Saudi Riyals.
(However, this segment's sales were only a very small portion of the company's overall sales).
Walaa Cooperative Insurance Company SJSC also experienced decreases in sales in
Medical Insurance (down 6.1% to 102.04 million Saudi Riyals)
and
Property (down 16.6% to 3.00 million Saudi Riyals)
and
Others (down 12.2% to 28.52 million Saudi Riyals)
.