Khartoum:

Ta'awuniya Insurance Company has announced positive financial performance indicators for 2025, including significant growth in total assets, insurance subscriptions, insurance surplus, and shareholder profits. The company also approved its year-end financial statements and outlined plans to increase its capital and offer new shares on the market. These developments were announced during the 30th Meeting of the Policyholders' Assembly and the 31st Annual General Assembly, held in Khartoum.

In his address to the meeting, Dr. Al-Fateh Abdullah, Chairman of the Policyholders' Assembly, stated that the company's total fixed and current assets reached approximately SDG 28.188 billion at the end of 2025, representing an increase of 114% compared with the previous year.

The meeting was attended by representatives of the National Insurance Supervisory Authority, the Khartoum Stock Exchange, the Auditor General, and the Sharia Supervisory Board.

Dr. Al-Fateh explained that total insurance subscriptions for 2025 amounted to SDG 25.465 billion, marking growth of 298% compared with 2024. The total insurance surplus reached approximately SDG 3.903 billion, equivalent to 14% of total subscriptions, while the net insurance surplus stood at approximately SDG 1.970 billion.

He noted that these indicators reflect improvements in the company's financial and administrative performance, emphasizing its continued commitment to strengthening financial stability and expanding its insurance operations in the coming period.

Inauguration of the New Headquarters Tower

The meetings also coincided with the inauguration of Ta'awuniya Insurance Company's new headquarters tower in Khartoum, which participants regarded as a positive indicator of renewed economic activity in the capital and growing stability in the business sector.

Addressing the inauguration ceremony, Dr. Tareq Nour described the tower as a significant architectural and economic addition to Khartoum. He highlighted the importance of insurance, cooperative work, and social solidarity, commending the efforts of the Board of Directors, executive management, and company employees in completing the project.

He added that the National Insurance Supervisory Authority had reviewed the company's financial and technical reports through examinations and audits conducted by specialists and experts. He also congratulated the company on holding its General Assembly and achieving its reported financial results.

Significant Growth in Insurance Premiums and Financial Resources

During his presentation of the company's performance report and year-end financial statements, Dr. Kamal revealed substantial growth in insurance premiums and internal financial resources in 2025 compared with the previous year.

He stated that total written premiums reached SDG 25,465,050,669, compared with SDG 6,468,169,958 in 2024.

He attributed this growth to the expansion of marketing activities, direct communication, contributions from business leaders, and support from the executive management team.

The financial report also highlighted improvements in operational performance despite economic challenges and rising operating costs. Administrative expenses reached approximately SDG 3.5 billion in 2025, compared with SDG 1 billion in 2024. However, administrative expenses as a proportion of total written premiums declined to 14%, down from 16.5% in the previous year.

Speakers explained that the company had successfully controlled expenses despite increases in fuel prices, transportation costs, rents, and the effects of displacement. The company maintained its expense ratio below the 20% ceiling established by the National Insurance Supervisory Authority.

Higher Policyholder Surplus and Shareholder Profits

The report revealed that the surplus allocated to policyholders increased to approximately SDG 3.5 billion, compared with around SDG 1.2 billion in the previous year.

Shareholder profits also rose significantly, reaching SDG 548,659,727, compared with SDG 95,103,794 in 2024. The report cited a return of approximately 120% per share.

The company's management announced a decision to increase its capital to SDG 2 billion in paid-up capital and SDG 4 billion in authorized capital. The move is intended to pave the way for offering new shares and attracting investors in the coming period.

External Audit Confirms Compliance with Financial Reporting Standards

Dr. Mohammed Azraq, the company's external auditor, confirmed that the 2025 financial statements had been prepared in accordance with International Accounting Standards and International Financial Reporting Standards, as well as Sudan's Insurance Supervision Act of 2018 and Companies Act of 2015.

He explained that the audit had been conducted in accordance with International Standards on Auditing and that the financial statements fairly presented the company's financial position as of December 31, 2025.

He further noted that the company maintained proper accounting records and that no violations had been identified in relation to the Companies Act, the directives of the National Insurance Supervisory Authority, or the regulations governing anti-money laundering and counter-terrorist financing.

Commitment to Sharia Compliance and Commercial Regulation

For his part, Maulana Ibrahim Al-Darir, Chairman of the Sharia Supervisory Board, congratulated the company's management and shareholders on the financial results achieved. He emphasized the importance of adhering to Sharia principles in insurance and investment activities and highlighted the Board's role in monitoring compliance with Islamic law.

Similarly, Rayan Mahjoub, representing the Commercial Registrations Department in Khartoum State, confirmed that the department had resumed normal operations. She stated that its services were available to all companies, partnerships, business names, and commercial establishments.

She also affirmed that company records and commercial registration data had been preserved and remained unaffected by the events that had taken place in the country. She emphasized the continued availability of commercial registration and investment-related services.

General Assembly Approves Financial Statements and Distributions

At the conclusion of the meetings, the General Assembly approved the financial statements for the fiscal year ended December 31, 2025, alongside the financial and administrative reports, external audit report, and Sharia Supervisory Board report.

The Assembly also approved the distribution of the net policyholder surplus, amounting to approximately SDG 1.970 billion, in accordance with the allocation ratios approved by the National Insurance Supervisory Authority.

Under the approved allocations, 10% was designated for development, more than SDG 492 million was allocated for employee incentives, and additional funds were earmarked for the Sheikh Al-Darir Institute. The largest share was allocated to insurance policyholders.

The meeting further approved the distribution of shareholder profits amounting to SDG 548,659,727, with a dividend return of 110% on shares.

The company reaffirmed its commitment to continuing its expansion plans, strengthening financial and operational performance, and pursuing further growth throughout 2026.