United Cooperative Assurance Company (8190) : Company Profile and SWOT Analysis by WMIntelligence

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									United Cooperative Assurance Company

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United Cooperative Assurance                                               Financial Snapshot

Company                                                                    Operating Performance

                                                                           The company reported revenue of US$227 million
Fast Facts
                                                                           during the fiscal year 2012 (2012), an increase of
                                    Al-Mukmal Towers 4th floor , Jeddah,   0.00% over 2011. In 2012, the company recorded an
Headquarters Address
                                    21422,Saudi Arabia                     operating margin of 3.54%, as against 6.75% in 2011.
Telephone                           + 966 2 6068633
                                                                           Revenue and Margins
Fax                                 + 966 2 6068622

Website                             www.uca.com.sa

Ticker Symbol, Stock Exchange       8190, Saudi Arabian Stock Exchange

Number of Employees                 220

Fiscal Year End                     December

Revenue (in US$ million)            227




SWOT Analysis

Strengths                           Weaknesses

Broad portfolio of offerings        Limited scale of operations

Diverse customer base

Strong top-line performance

Opportunities                       Threats

Growing Saudi Arabia economy        Fluctuations in interest rates

Growth in Saudi Arabian insurance
                                    Natural calamities
market

Low insurance penetration level     Stringent regulatory environment

Strategic contact with AJLC




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United Cooperative Assurance Company - SWOT                                                                      Page 1
Profile
United Cooperative Assurance Company

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TABLE OF CONTENTS

1     Business Analysis ................................................................................................................................... 5
    1.1       Company Overview ......................................................................................................................................... 5
    1.2       Business Description ....................................................................................................................................... 6
    1.3       Major Products and Services ........................................................................................................................... 7
2     Analysis of Key Performance Indicators ............................................................................................... 8
    2.1       Five Year Snapshot: Overview of Financial and Operational Performance Indicators ....................................... 8
    2.2       Key Financial Performance Indicators ............................................................................................................ 10
      2.2.1       Total Revenues and Operating Profit ......................................................................................................... 10
      2.2.2       Total Premiums Earned ............................................................................................................................. 11
      2.2.3       Asset and Liabilities ................................................................................................................................... 12
    2.3       Key Competitors ............................................................................................................................................ 13
3     SWOT Analysis ...................................................................................................................................... 14
    3.1       SWOT Analysis - Overview ............................................................................................................................ 14
    3.2       Strengths ....................................................................................................................................................... 14
    3.3       Weaknesses .................................................................................................................................................. 14
    3.4       Opportunities ................................................................................................................................................. 15
    3.5       Threats .......................................................................................................................................................... 15
4     History .................................................................................................................................................... 16
5     Key Employees ...................................................................................................................................... 17
6     Locations and Subsidiaries .................................................................................................................. 18
    6.1       Head Office ................................................................................................................................................... 18
    6.2       Other Locations and Subsidiaries .................................................................................................................. 18
7     Appendix ................................................................................................................................................ 19
    7.1       Methodology .................................................................................................................................................. 19
    7.2       Ratio Definitions ............................................................................................................................................ 19
    7.3       Disclaimer ..................................................................................................................................................... 23




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United Cooperative Assurance Company - SWOT                                                                                                                            Page 2
Profile
United Cooperative Assurance Company

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List of Tables

Table 1: Major Products and Services ............................................................................................................................. 7
Table 2: Key Ratios - Annual ........................................................................................................................................... 8
Table 3: Key Ratios - Interim ........................................................................................................................................... 9
Table 4: History ............................................................................................................................................................. 16
Table 5: Key Employees ................................................................................................................................................ 17
Table 6: Locations ......................................................................................................................................................... 18




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United Cooperative Assurance Company - SWOT Profile                                                                                                                  Page 3
United Cooperative Assurance Company

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List of Figures

Figure 1: Total Revenues and Operating Profit .............................................................................................................. 10
Figure 2: Total Premiums Earned .................................................................................................................................. 11
Figure 3: Financial Position ........................................................................................................................................... 12




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United Cooperative Assurance Company - SWOT Profile                                                                                                            Page 4
United Cooperative Assurance Company

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1 Business Analysis

1.1   Company Overview

United Cooperative Assurance Company (UCA) is a provider of insurance products and services in Saudi Arabia. The
company offers a broad range of general insurance to both corporate and individual customers. It’s portfolio of offerings
comprises medical insurance, motor insurance, engineering insurance, general accident insurance, marine cargo and hull
insurance, property insurance, workmen’s compensation, liability, trade credit insurance and aviation insurance products.
In addition, UCA provides underwriting and claims services. The company markets and sells its insurance offerings
through a network of branch offices located in Jeddah, Riyadh, Khobar, Makkah, Tabouk, Khamis Mushait and Braidah.
UCA is headquartered in Jeddah, Saudi Arabia.




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