Bupa Arabia: Results 2018

By December 31st, 2018 Bupa Arabia reported a turnover of 8.56 billion SAR (2.28 billion USD) increasing by 10.78% over one year.

The technical result reached 1.16 billion SAR (308.8 million USD), that is a 7.24% increase compared to 2017.

The shareholders’ equity of the Saudi insurer has recorded a 10.49% improvement and reached 2.56 billion SAR (681.49 million USD). By the end of 2018, Bupa Arabia’s capital rose by 400 million SAR (106.48 million USD) going from 800 million SAR (212.96 million USD) to 1.22 billion SAR (324.77 million USD). This amount clearly exceeds the minimum capital that the SAMA seeks to impose in the near future.

The net profit before Zakat and taxes was set to 525.4 million SAR (139.86 million USD), rising by 5% in comparison with 2017.