Company Statistics

Ranking of reinsurers in the Middle East

December 25, 2025

Middle East globe

Figures in millions USD

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Companies	Country	Turnover				Shareholders' equity	Net result	ROE	Combined ratio ⁽¹⁾
Companies	Country	2024	2023	Δ 2023-2024	2024%	Shareholders' equity	Net result	ROE	Combined ratio ⁽¹⁾
Saudi Re	Saudi Arabia	628	426	47%	42.6%	429	126	29.5%	93.9%
Kuwait Re ⁽²⁾	Kuwait	259	232	12%	17.6%	297	46	15.4%	86.9%
Hannover ReTakaful	Bahrain	225	221	2%	15.3%	229	9	4.0%	108.3%
Hannover Rück Bahrain Branch	Bahrain	130	124	5%	8.8%	61	39	65.1%	123.5%
Oman Re	Oman	146	120	22%	9.9%	91	8	8.5%	97%
Arab Re ⁽²⁾	Lebanon	86	81	6%	5.8%	121	6	4.6%	96.4%
Total		1 474	1 204	22%	100%	1 228	234	19.1%	-

⁽¹⁾ Combined ratio under IFRS 17 for Saudi Re, Kuwait Re, Hannover Re, Arab Re, and Oman Re
⁽²⁾ Reinsurance revenue

Source: Atlas Reinsurance Reports 2026

Read also | Ranking of insurers in the Gulf countries

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