Saudi listed insurers: Increasing profits in 2020

Saudi Arabian Monetary Authority SAMABadri Management Consultancy reports that the 29 Saudi listed insurers ended the year 2020 with a 42% net profit increase. The latter rose from 1.393 billion SAR (370.97 million USD) in 2019 to 1.972 billion SAR (525.15 million USD) in 2020.

Bupa Arabia made the highest profit, set at SAR 823.669 million (USD 219.344 million) in 2020 compared to 712.65 million SAR (189.78 million USD) in 2019.

The company is followed by Tawuniya and Al-Rajhi, which respectively posted 514.459 million SAR (137 million USD) and 251.846 million SAR (67.06 million USD) of profits.

In contrast, Al Sagr recorded the highest net loss established at 105.98 million SAR (28.22 million USD) in 2020.

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