The Saudi Arabia insurance market: financial indicators 2016
The Saudi Arabia insurance market: 2016 ranking of companies per net result (1)
in thousands2016 net result | 2015 net result | |||
---|---|---|---|---|
In SAR(2) | In USD | In SAR(2) | In USD | |
Tawuniya | 732 778 | 195 461 | 598 428 | 159 571 |
Bupa Arabia | 630 705 | 168 234 | 645 077 | 172 010 |
Sagr Insurance | 151 440 | 40 395 | 86 137 | 22 968 |
Walaa | 112 814 | 30 092 | - 75 822 | - 20 218 |
United Cooperative Assurance | 99 768 | 26 612 | - 52 975 | - 14 126 |
Al Rajhi Takaful | 88 627 | 23 640 | 38 241 | 10 197 |
Buruj | 82 790 | 22 083 | 28 235 | 7 529 |
Arabian Shield | 70 508 | 18 807 | 32 761 | 8 736 |
Medgulf | 67 611 | 18 035 | - 261 267 | - 69 667 |
WAFA Insurance(3) | 59 656 | 15 913 | - 63 015 | - 16 803 |
SAICO | 50 840 | 13 561 | 32 306 | 8 614 |
Solidarity | 48 640 | 12 974 | - 51 508 | - 13 735 |
Al Alamiya | 46 347 | 12 363 | 27 276 | 7 273 |
Trade Union | 44 963 | 11 993 | 25 740 | 6 864 |
Wataniya | 38 745 | 10 335 | -10 862 | -2 896 |
Chubb Arabia Cooperative | 37 303 | 9 950 | - | - |
ATC Alahli Takaful | 33 337 | 8 892 | 34 404 | 9 174 |
AXA Cooperative | 30 090 | 8 026 | 21 055 | 5 614 |
Al Jazira Takaful Taawuni | 25 919 | 6 914 | 17 661 | 4 709 |
Allianz Saudi Franzi | 24 429 | 6 516 | 23 835 | 6 356 |
Gulf Union | 22 335 | 5 958 | 12 358 | 3 295 |
Salama | 21 304 | 5 683 | 1 878 | 501 |
Gulf General | 19 494 | 5 200 | - 31 931 | - 8 514 |
SABB Takaful | 11 855 | 3 162 | 3 640 | 971 |
Amana Insurance | 11 721 | 3 126 | - 12 772 | - 3 406 |
Arabia Insurance Cooperative (AICC) | 8 447 | 2 253 | - 10 410 | - 2 776 |
Allied Cooperative Insurance Group (ACIG) | 8 344 | 2 228 | 11 133 | 2 967 |
Sanad | - 10 593 | -2 826 | - 568 | -151 |
Al-Ahlia Insurance | - 21 099 | -5 628 | - 53 944 | -14 384 |
Alinma Tokio M | - 21 272 | -5 674 | - 21 912 | - 5 843 |
Metlife AIG ANB | - 22 245 | - 5 934 | - 32 113 | - 8 563 |
Saudi Enaya | - 28 524 | - 7 608 | - 51 245 | -13 664 |
Malath Insurance | - 143 863 | -38 374 | - 8 397 | - 2 239 |
Weqaya Takaful | - | - | - 26 969 | - 7 191 |
Total | 2 333 214 | 622 362 | 874 455 | 233 173 |
(2) Saudi Riyal
(3) Former Saudi Indian Company for Cooperative Insurance
The Saudi Arabia insurance market: 2016 ranking of companies according to shareholder's equity (1)
in thousands2016 shareholder's equity | 2015 shareholder's equity | |||
---|---|---|---|---|
In SAR(2) | In USD | In SAR(2) | In USD | |
Tawuniya | 2 927 525 | 780 888 | 2 309 068 | 615 713 |
Bupa Arabia | 2 027 054 | 540 696 | 1 666 540 | 444 383 |
Medgulf | 952 520 | 254 075 | 912 131 | 243 220 |
Sagr Insurance | 508 880 | 135 739 | 405 548 | 108 139 |
AXA Cooperative | 499 549 | 133 250 | 468 461 | 124 915 |
Walaa | 435 488 | 116 162 | 322 674 | 86 041 |
Al Rajhi Takaful | 429 363 | 114 528 | 340 495 | 90 793 |
United Cooperative Assurance (UCA) | 389 610 | 103 925 | 294 711 | 78 585 |
Al Jazira Takaful Taawuni | 371 717 | 99 152 | 378 864 | 101 024 |
SABB Takaful | 361 201 | 96 347 | 355 070 | 94 679 |
Arabian Shield | 350 163 | 93 402 | 279 655 | 74 570 |
Al Alamiya | 330 956 | 88 279 | 292 465 | 77 986 |
Buruj | 315 065 | 84 040 | 233 038 | 62 140 |
SAICO | 298 117 | 79 520 | 247 278 | 65 937 |
Trade Union | 297 525 | 79 362 | 252 479 | 67 324 |
Alinma Tokio M | 291 654 | 77 796 | 312 926 | 83 442 |
Solidarity | 246 216 | 65 676 | 203 415 | 54 241 |
Arabia Insurance Cooperative (AICC) | 244 291 | 65 162 | 237 755 | 63 397 |
Metlife AIG ANB | 237 085 | 63 240 | 88 576 | 23 619 |
Chubb Arabia Cooperative Insurance | 226 380 | 60 385 | 196 083 | 52 286 |
Allianz Saudi Franzi | 221 354 | 59 044 | 200 923 | 53 576 |
ATC Alahli Takaful | 215 707 | 57 538 | 194 165 | 51 774 |
Gulf General | 195 773 | 52 220 | 176 279 | 47 005 |
Salama | 193 176 | 51 528 | 171 872 | 45 830 |
Wataniya | 185 351 | 49 441 | 55 578 | 14 820 |
Saudi Enaya | 171 747 | 45 812 | 200 271 | 53 402 |
Gulf Union | 146 561 | 39 094 | 127 007 | 33 866 |
Allied Cooperative Insurance Group (ACIG) | 125 151 | 33 383 | 116 959 | 31 187 |
Amana Insurance | 121 606 | 32 437 | 111 271 | 29 670 |
WAFA Insurance(3) | 121 074 | 32 295 | 66 815 | 17 816 |
Al-Ahlia Insurance | 104 392 | 27 846 | 121 137 | 32 301 |
Malath Insurance | 89 359 | 23 836 | 258 434 | 68 911 |
Sanad | 21 358 | 5 695 | 32 339 | 8 623 |
Weqaya Takaful | - | 24 916 | 6 644 | |
Total | 13 652 968 | 3 641 793 | 11 655 198 | 3 107 859 |
(2) Saudi Riyal
(3) Former Saudi Indian Company for Cooperative Insurance
Return on equity per company in 2016 (1)
2016 Return on equity | 2015 Return on equity | |
---|---|---|
WAFA Insurance(2) | 49.3% | -94.3% |
Bupa Arabia | 31.1% | 38.7% |
Sagr Insurance | 29.8% | 21.2% |
Buruj | 26.3% | 12.1% |
Walaa | 25.9% | -23.5%(P) |
United Cooperative Assurance (UCA) | 25.6% | -18.0%(P) |
Tawuniya | 25.0% | 25.9% |
Wataniya | 20.9% | -19.5%(P) |
Al Rajhi Takaful | 20.6% | 11.2% |
Arabian Shield | 20.1% | 11.7% |
Solidarity | 19.8% | -25.3%(P) |
SAICO | 17.1% | 13.1% |
Chubb Arabia Cooperative Insurance | 16.5% | 7.1% |
ATC Alahli Takaful | 15.5% | 17.7% |
Gulf Union | 15.2% | 9.7% |
Trade Union | 15.1% | 10.2% |
Al Alamiya | 14.0% | 9.3% |
Allianz Saudi Franzi | 11.0% | 11.9% |
Salama | 11.0% | 1.1% |
Gulf General | 10.0% | -18.1% |
Amana Insurance | 9.6% | -11.5% |
Medgulf | 7.1% | -28.6% |
Al Jazira Takaful Taawuni | 6.8% | 4.8% |
Allied Cooperative Insurance Group (ACIG) | 6.7% | 9.5% |
AXA Cooperative | 6.0% | 4.5% |
Arabia Insurance Cooperative (AICC) | 3.5% | -4.4% |
SABB Takaful | 3.3% | 1.0% |
Alinma Tokio M | -7.3% | -7.0% |
Metlife AIG ANB | -9.4% | -36.3% |
Saudi Enaya | -16.6% | -25.6% |
Al-Ahlia Insurance | -20.2% | -44.5% |
Sanad | -49.6% | -1.8% |
Malath Insurance | -161.0% | -3.2% |
Weqaya Takaful | - | -108.2% |
(2) Former Saudi Indian Company for Cooperative Insurance
Retun On Equity (ROE)= net result/shareholder's equity Source: Saudi Arabia Stock Exchange(Tadawul), Saudi Arabia Monetary Authority(SAMA)
Exchange rate SAR/USD as at 31/12 | 2015 | 2016 |
0.26665 | 0.26674 |
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Fri, 08/12/2017 - 15:50
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