Top 5 insurance companies in Bahrain per 2021 turnover
Figures in thousands USD
| Company | Turnover | 2020-2021 evolution (1) | 2021 shares | ||||
|---|---|---|---|---|---|---|---|
| 2017 | 2018 | 2019 | 2020 | 2021 | |||
| GIG Bahrain | 157 168 | 215 746 | 215 290 | 225 358 | 244 470 | 8.53% | 33.60% |
| Bahrain National Holding | 76 295 | 88 775 | 89 126 | 96 812 | 105 108 | 8.62% | 14.45% |
| Solidarity Bahrain | 41 915 | 79 499 | 81 343 | 79 676 | 83 395 | 4.72% | 11.46% |
| GIG Takaful International | 51 910 | 58 250 | 57 269 | 60 301 | 65 405 | 8.52% | 8.99% |
| SNIC Insurance | 29 048 | 3 405 | 27 391 | 26 123 | 33 689 | 29.02% | 4.63% |
| Total | 356 336 | 445 675 | 470 419 | 488 270 | 532 067 | 9.02% | 73.13% |
| Rest of the market (2) | 353 209 | 305 177 | 287 173 | 242 099 | 195 467 | -19.22% | 26.87% |
| Grand total | 709 545 | 750 852 | 757 592 | 730 369 | 727 534 | -0.34% | 100% |
(1) Growth rate in local currency
(2) 26 companies
Exchange rate as at 31/12/2021 : 1 BHD = 2.63667 USD at 31/12/2020 : 1 BHD = 2.63793 USD; at 31/12/2019 : 1 BHD = 2.63655 USD ; at 31/12/2018 : 1 BHD = 2.64362 USD; at 31/12/2017 : 1 BHD = 2.64117 USD
Read also | Bahraini insurance market
