The Saudi Arabia insurance market: financial indicators 2016

The Saudi Arabia insurance market: 2016 ranking of companies per net result ⁽¹⁾

in thousands

	2016 net result		2015 net result
	In SAR⁽²⁾	In USD	In SAR⁽²⁾	In USD
Tawuniya	732 778	195 461	598 428	159 571
Bupa Arabia	630 705	168 234	645 077	172 010
Sagr Insurance	151 440	40 395	86 137	22 968
Walaa	112 814	30 092	- 75 822	- 20 218
United Cooperative Assurance	99 768	26 612	- 52 975	- 14 126
Al Rajhi Takaful	88 627	23 640	38 241	10 197
Buruj	82 790	22 083	28 235	7 529
Arabian Shield	70 508	18 807	32 761	8 736
Medgulf	67 611	18 035	- 261 267	- 69 667
WAFA Insurance⁽³⁾	59 656	15 913	- 63 015	- 16 803
SAICO	50 840	13 561	32 306	8 614
Solidarity	48 640	12 974	- 51 508	- 13 735
Al Alamiya	46 347	12 363	27 276	7 273
Trade Union	44 963	11 993	25 740	6 864
Wataniya	38 745	10 335	-10 862	-2 896
Chubb Arabia Cooperative	37 303	9 950	-	-
ATC Alahli Takaful	33 337	8 892	34 404	9 174
AXA Cooperative	30 090	8 026	21 055	5 614
Al Jazira Takaful Taawuni	25 919	6 914	17 661	4 709
Allianz Saudi Franzi	24 429	6 516	23 835	6 356
Gulf Union	22 335	5 958	12 358	3 295
Salama	21 304	5 683	1 878	501
Gulf General	19 494	5 200	- 31 931	- 8 514
SABB Takaful	11 855	3 162	3 640	971
Amana Insurance	11 721	3 126	- 12 772	- 3 406
Arabia Insurance Cooperative (AICC)	8 447	2 253	- 10 410	- 2 776
Allied Cooperative Insurance Group (ACIG)	8 344	2 228	11 133	2 967
Sanad	- 10 593	-2 826	- 568	-151
Al-Ahlia Insurance	- 21 099	-5 628	- 53 944	-14 384
Alinma Tokio M	- 21 272	-5 674	- 21 912	- 5 843
Metlife AIG ANB	- 22 245	- 5 934	- 32 113	- 8 563
Saudi Enaya	- 28 524	- 7 608	- 51 245	-13 664
Malath Insurance	- 143 863	-38 374	- 8 397	- 2 239
Weqaya Takaful	-	-	- 26 969	- 7 191
Total	2 333 214	622 362	874 455	233 173

⁽¹⁾ this ranking does not include the net result of Weqaya Takaful whose activities were suspended during 2015
⁽²⁾ Saudi Riyal
⁽³⁾ Former Saudi Indian Company for Cooperative Insurance

The Saudi Arabia insurance market: 2016 ranking of companies according to shareholder's equity ⁽¹⁾

in thousands

	2016 shareholder's equity		2015 shareholder's equity
	In SAR⁽²⁾	In USD	In SAR⁽²⁾	In USD
Tawuniya	2 927 525	780 888	2 309 068	615 713
Bupa Arabia	2 027 054	540 696	1 666 540	444 383
Medgulf	952 520	254 075	912 131	243 220
Sagr Insurance	508 880	135 739	405 548	108 139
AXA Cooperative	499 549	133 250	468 461	124 915
Walaa	435 488	116 162	322 674	86 041
Al Rajhi Takaful	429 363	114 528	340 495	90 793
United Cooperative Assurance (UCA)	389 610	103 925	294 711	78 585
Al Jazira Takaful Taawuni	371 717	99 152	378 864	101 024
SABB Takaful	361 201	96 347	355 070	94 679
Arabian Shield	350 163	93 402	279 655	74 570
Al Alamiya	330 956	88 279	292 465	77 986
Buruj	315 065	84 040	233 038	62 140
SAICO	298 117	79 520	247 278	65 937
Trade Union	297 525	79 362	252 479	67 324
Alinma Tokio M	291 654	77 796	312 926	83 442
Solidarity	246 216	65 676	203 415	54 241
Arabia Insurance Cooperative (AICC)	244 291	65 162	237 755	63 397
Metlife AIG ANB	237 085	63 240	88 576	23 619
Chubb Arabia Cooperative Insurance	226 380	60 385	196 083	52 286
Allianz Saudi Franzi	221 354	59 044	200 923	53 576
ATC Alahli Takaful	215 707	57 538	194 165	51 774
Gulf General	195 773	52 220	176 279	47 005
Salama	193 176	51 528	171 872	45 830
Wataniya	185 351	49 441	55 578	14 820
Saudi Enaya	171 747	45 812	200 271	53 402
Gulf Union	146 561	39 094	127 007	33 866
Allied Cooperative Insurance Group (ACIG)	125 151	33 383	116 959	31 187
Amana Insurance	121 606	32 437	111 271	29 670
WAFA Insurance⁽³⁾	121 074	32 295	66 815	17 816
Al-Ahlia Insurance	104 392	27 846	121 137	32 301
Malath Insurance	89 359	23 836	258 434	68 911
Sanad	21 358	5 695	32 339	8 623
Weqaya Takaful		-	24 916	6 644
Total	13 652 968	3 641 793	11 655 198	3 107 859

⁽¹⁾ this ranking does not include the shareholder's equity of Weqaya Takaful whose activities were suspended during 2015
⁽²⁾ Saudi Riyal
⁽³⁾ Former Saudi Indian Company for Cooperative Insurance

Return on equity per company in 2016 ⁽¹⁾

	2016 Return on equity	2015 Return on equity
WAFA Insurance⁽²⁾	49.3%	-94.3%
Bupa Arabia	31.1%	38.7%
Sagr Insurance	29.8%	21.2%
Buruj	26.3%	12.1%
Walaa	25.9%	-23.5%^(P)
United Cooperative Assurance (UCA)	25.6%	-18.0%^(P)
Tawuniya	25.0%	25.9%
Wataniya	20.9%	-19.5%^(P)
Al Rajhi Takaful	20.6%	11.2%
Arabian Shield	20.1%	11.7%
Solidarity	19.8%	-25.3%^(P)
SAICO	17.1%	13.1%
Chubb Arabia Cooperative Insurance	16.5%	7.1%
ATC Alahli Takaful	15.5%	17.7%
Gulf Union	15.2%	9.7%
Trade Union	15.1%	10.2%
Al Alamiya	14.0%	9.3%
Allianz Saudi Franzi	11.0%	11.9%
Salama	11.0%	1.1%
Gulf General	10.0%	-18.1%
Amana Insurance	9.6%	-11.5%
Medgulf	7.1%	-28.6%
Al Jazira Takaful Taawuni	6.8%	4.8%
Allied Cooperative Insurance Group (ACIG)	6.7%	9.5%
AXA Cooperative	6.0%	4.5%
Arabia Insurance Cooperative (AICC)	3.5%	-4.4%
SABB Takaful	3.3%	1.0%
Alinma Tokio M	-7.3%	-7.0%
Metlife AIG ANB	-9.4%	-36.3%
Saudi Enaya	-16.6%	-25.6%
Al-Ahlia Insurance	-20.2%	-44.5%
Sanad	-49.6%	-1.8%
Malath Insurance	-161.0%	-3.2%
Weqaya Takaful	-	-108.2%

⁽¹⁾ this ranking does not include the ROE of Weqaya Takaful whose activities were suspended during 2015
⁽²⁾ Former Saudi Indian Company for Cooperative Insurance
Retun On Equity (ROE)= net result/shareholder's equity Source: Saudi Arabia Stock Exchange(Tadawul), Saudi Arabia Monetary Authority(SAMA)

Exchange rate SAR/USD as at 31/12	2015	2016
Exchange rate SAR/USD as at 31/12	0.26665	0.26674

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Fri, 08/12/2017 - 15:50

The Saudi Arabia insurance market: financial indicators 2016

The Saudi Arabia insurance market: 2016 ranking of companies per net result (1)

The Saudi Arabia insurance market: 2016 ranking of companies according to shareholder's equity (1)

Return on equity per company in 2016 (1)

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The Saudi Arabia insurance market: 2016 ranking of companies per net result ⁽¹⁾

The Saudi Arabia insurance market: 2016 ranking of companies according to shareholder's equity ⁽¹⁾

Return on equity per company in 2016 ⁽¹⁾