Top 10 insurance companies in Saudi Arabia: ranking 2021
In thousands
| Rank 2021 | Companies | 2021 turnover | 2020 turnover | 2020-2021 evolution (1) | ||
|---|---|---|---|---|---|---|
| In SAR | In USD | In SAR | In USD | |||
| 1 | Bupa Arabia | 11 382 194 | 3 031 078 | 10 447 353 | 2 782 130 | 8.95% |
| 2 | Tawuniya | 10 218 606 | 2 721 215 | 9 061 768 | 2 413 149 | 12.77% |
| 3 | Al Rajhi Takaful | 2 759 590 | 734 879 | 2 732 873 | 727 764 | 0.98% |
| 4 | Walaa | 2 338 834 | 622 832 | 1 472 703 | 392 181 | 58.81% |
| 5 | Medgulf | 2 236 222 | 595 506 | 2 534 501 | 674 938 | -11.77% |
| 6 | AXA Cooperative | 1 454 470 | 387 325 | 1 417 826 | 377 567 | 2.58% |
| 7 | Malath Insurance | 942 107 | 250 883 | 781 568 | 208 131 | 20.54% |
| 8 | Wataniya Insurance | 902 100 | 240 229 | 785 881 | 209 280 | 14.79% |
| 9 | Al Etihad Cooperative | 865 478 | 230 477 | 741 665 | 197 505 | 16.69% |
| 10 | SAICO | 777 538 | 207 058 | 795 038 | 211 719 | -2.20% |
| Total top 10 companies | 33 877 139 | 9 021 482 | 30 771 176 | 8 194 364 | 10.09% | |
| Rest of the market (2) | 8 153 361 | 2 171 240 | 8 007 524 | 2 132 404 | 1.82% | |
| Grand total | 42 030 500 | 11 192 722 | 38 778 700 | 10 326 768 | 8.39% | |
(1) Evolution in local currency
(2) 19 companies
Exchange rate as at 31/12/2021 : 1 SAR = 0.2663 USD ; 31/12/2020 : 1 SAR = 0.2663 USD
Read also | Saudi insurance market
