Top 5 insurance companies in Bahrain per 2023 turnover
Figures in thousands
| 2022 rank | Companies | Insurance revenue | 2022-2023 evolution (2) | |||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| BHD | USD | BHD | USD | |||
| 1 | GIG Bahrain | 109 988 | 289 976 | 101 926 | 268 630 | 7.91% |
| 2 | Solidarity Bahrain | 50 907 | 134 213 | 46 228 | 121 836 | 10.12% |
| 3 | Bahrain National Holding | 45 054 | 118 782 | 45 450 | 119 785 | -0.87% |
| 4 | GIG Takaful International | 24 363 | 64 231 | 23 994 | 63 237 | 1.54% |
| 5 | SNIC Insurance | 12 632 | 33 303 | 13 590 | 35 817 | -7.05% |
| Top 5 companies total | 242 944 | 640 505 | 231 188 | 609 305 | 5.09% | |
(1) As the market total is not yet available, 2023 shares cannot be calculated.
(2) Growth rate in local currency
* According to the new IFRS 17 accounting standards
Exchange rate as at 31/12/2023: 1 BHD = 2.63643 USD; 31/12/2022: 1 BHD = 2.63554 USD
To discover | Atlas Insurance Reports – Bahrain 2024
