Bupa Arabia: 2023 results

Bupa Arabia for Cooperative Insurance has published its annual results in accordance with the new IFRS 17 and IFRS 9 accounting standards.

As at 31 December 2023, the insurance income amounted to 15.9 billion SAR (4.2 billion USD) against 12.9 billion SAR (3.4 billion USD) a year earlier, representing a 23% increase.

The net profit progressed by 16.8% from 805.1 million SAR (214.4 million USD) on 31 December 2022 to 940.2 million TND (250.6 million USD) twelve months later.