Top 10 insurance companies in Saudi Arabia: ranking 2021

In thousands
Rank 2021Companies2021 turnover2020 turnover2020-2021 evolution (1)
In SARIn USDIn SARIn USD
1Bupa Arabia11 382 1943 031 07810 447 3532 782 1308.95%
2Tawuniya10 218 6062 721 2159 061 7682 413 14912.77%
3Al Rajhi Takaful2 759 590734 8792 732 873727 7640.98%
4Walaa2 338 834622 8321 472 703392 18158.81%
5Medgulf2 236 222595 5062 534 501674 938-11.77%
6 AXA Cooperative1 454 470387 3251 417 826377 5672.58%
7Malath Insurance942 107250 883781 568208 13120.54%
8Wataniya Insurance902 100240 229785 881209 28014.79%
9 Al Etihad Cooperative865 478230 477741 665197 50516.69%
10 SAICO777 538207 058795 038211 719-2.20%
Total top 10 companies33 877 1399 021 48230 771 1768 194 36410.09%
Rest of the market (2)8 153 3612 171 2408 007 5242 132 4041.82%
Grand total42 030 50011 192 72238 778 70010 326 7688.39%

(1) Evolution in local currency
(2) 19 companies
Exchange rate as at 31/12/2021 : 1 SAR = 0.2663 USD ; 31/12/2020 : 1 SAR = 0.2663 USD

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