Saudi Re: results 2021

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saudi reSaudi Re has recorded a 19.3% turnover increase in 2021. The gross written premiums went from 935.114 million SAR (249.022 million USD) in 2020 to 1.116 billion SAR (297.19 million USD) one year later.

The net profit before zakat (tax) stood at 53.315 million SAR (14.2 million USD), decreasing by 12.15% compared to 60.692 million SAR (16.162 million USD) in 2020.

Such a decline in results is mainly due to the 44% increase of net incurred losses set at 565.312 million SAR (150.54 million USD).

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Fri, 25/03/2022 - 14:19
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