Listed Saudi insurers: H1 2024 results

According to Badri Management Consultancy, Saudi Arabia's 25 listed insurance companies recorded insurance revenue of 32 billion SAR (8.5 billion USD) in the first half of 2024. This marks an 18% increase on the 27 billion USD (7.2 billion USD) posted in the first half of 2023.

Insurance service results increased by 5% to 2 billion SAR (532.7 million USD), against 1.9 billion SAR (506.1 million USD) a year earlier.

As at 30 June 2024, profit after zakat (Islamic tax) generated by all the insurers concerned amounted to 2.2 billion SAR (586 million USD) compared with 1.7 billion SAR (452.9 million USD) at the end of June last year, representing a 29% improvement.