Al-Rajhi Takaful

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Date of creation: 1 January 2008, Riyad, Saudi ArabiaAl-Rajhi Company for Cooperative Insurance
Classes of business: Takaful life and non-life
Rating: Moody's / A3 / Stable
Staff members: 974 employees

Al Rajhi Takaful in 2020

  • a share capital of 106 520 000 USD a turnover of 727 764 000 USD
  • assets of 1 161 138 000 USD
  • a shareholder’s equity of 296 227 000 USD
  • a net result of 60 462 000 USD
  • a net non-life loss ratio of 70.65 %
  • a net non-life management expenses ratio of 19.63 %
  • a net non-life combined ratio of 90.28 %
Abdallah Sulaiman Al Rajhi
Abdallah Sulaiman Al Rajhi
Chairman of the Board of Directors

Management

Abdallah Sulaiman Al Rajhi Chairman of the Board of Directors
Saud Abdullah Al Rajhi Vice-Chairman of the Board 
Mahmoud Salim Dahduli Acting Group CEO 
Robert Pereira Chief Financial Officer, CFO

Contact

Head office3485 Thomamah road, Al Rabie  Dist., P.O. Box 67791, Riyad 11517, Saudi Arabia
Phone+966 11 440 9666-1117 
Fax+966 11 4755017
E-mail malhodaithy [at] alrajhitakaful [dot] com

Shareholding

Shareholders
Shares
Al Rajhi Insurance Co Ltd
26.50%
Al Rajhi Bank
22.50%
Ahmed Sulaiman Abdulaziz Al Rajhi 
1.50%
Saud Abdullah Suleiman Al Rajhi
1.50%
Saleh Mansour Al Garbooa
1.50%
Sultan Abdullah Al Rajhi
1.50%
Others
45%

Al Rajhi Takaful : main technical highlights

Figures in thousands USD
Indicators
20162017201820192020
Gross written premiums
519 120850 997791 601684 364727 764
Gross non-life written premiums
511 675836 658771 116656 703685 732
Gross life written premiums
7 44514 33920 48527 66142 032
Net written premiums
494 532818 898762 160648 767616 791
Net non-life written premiums
488 755807 027744 738625 657586 613
Net earned premiums
409 239742 770761 688702 795621 267
Net non-life earned premiums
403 294731 012744 844679 559590 861
Net incurred losses
342 293625 572617 877588 113427 269
Net non-life incurred losses
342 098624 645615 570583 730417 461
Management expenses
48 06771 43291 17393 620119 178
Non-life management expenses
47 13069 95289 72290 823115 154
Net non-life loss ratio 1
84.83%85.45%82.64%85.90%70.65%
Net non-life management expenses ratio 2
9.64%8.67%12.05%14.52%19.63%
Net non-life combined ratio 3
94.47%94.12%94.69%100.42%90.28%
Net result
23 21853 76844 06522 95260 462

(1) Net non-life loss ratio = Non-life incurred losses / Net non-life earned premiums
(2) Net non-life management expenses ratio = Non-life management expenses / Net non-life reinsurance written premiums
(3) Net non-life combined ratio = Net non-life loss ratio + Net non-life management expenses ratio

Al Rajhi Takaful : turnover breakdown per class of business

Figures in thousands USD
Class of business
201620172018201920202020
shares
Motor 
421 878682 935559 334484 966507 83869.78%
Property damage and accident
32 00533 92426 96138 775105 29214.47%
Health
57 792119 799184 821132 96272 6029.97%
Total non-life
511 675836 658771 116656 703685 73294.22%
Total life
7 44514 33920 48527 66142 0325.78%
Grand total
519 120850 997791 601684 364727 764100%

Al Rajhi Takaful chiffre d’affaires

Al Rajhi Takaful : net written premiums per class of business

Figures in thousands USD
Classes of business
201620172018201920202019-2020 evolution 1
Motor 
417 556678 828553 779482 642505 5674.75%
Property damage and accident
13 9048 4676 41910 0098 444-15.63%
Health
57 295119 732184 540133 00672 602-45.41%
Total non-life
488 755807 027744 738625 657586 613-6.24%
Total life
5 77711 87117 42223 11030 17830.59%
Grand total
494 532818 898762 160648 767616 791-4.93%

Al Rajhi Takaful : net earned premiums per class of business

Figures in thousands USD
Classes of business
201620172018201920202019-2020  evolution (1)
Motor 
343 895638 727595 577493 581488 927-0.94%
Property damage and accident
4 4004 2066 5178 2108 8467.74%
Health
54 99988 079142 750177 76893 088-47.63%
Total non-life
403 294731 012744 844679 559590 861-13.05%
Total life
5 94511 75816 84423 23630 40630.86%
Grand total
409 239742 770761 688702 795621 267-11.60%

(1) Evolution in local currency

Exchange rate as at 31/12/2020 : 1 SAR = 0.2663 USD ; 31/12/2019 : 1 SAR = 0.26631 USD; at 31/12/2018: 1 SAR = 0.26621 USD; at 31/12/2017 : 1 SAR = 0.26648 USD ; at 31/12/2016 : 1 SAR = 0.2664 USD

Al Rajhi Takaful : Incurred losses per non-life class of business

Figures in thousands USD
Classes of business
20162017201820192020
Motor 
300 179554 024481 271359 852335 090
Property damage and accident
4001 5172236671 542
Health
41 51969 104134 076223 21180 829
Total non-life
342 098624 645615 570583 730417 461

Al Rajhi Takaful : net loss ratio per non-life class of business

Figures in thousands USD
Classes of business
2016201720182019
Motor 
87.29%86.74%80.81%72.91%
Property damage and accident
9.10%36.07%3.43%8.12%
Health
75.49%78.46%93.92%125.56%
Total non-life
84.83%85.45%82.64%85.90%

Source: Al-Rajhi Company for Cooperative

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Wed, 30/03/2022 - 17:03
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