Magazine date:
Oct 2016 The Saudi Arabian Insurance sector: Turnover per company:2014-2015(1)
in thousands USD| 2014 turnover | 2015 turnover | 2014-2015 evolution | 2015 shares | |
|---|---|---|---|---|
Tawuniya | 1 654 514 | 2 011 946 | 21.6% | 20.8% |
Bupa Arabia | 1 530 002 | 1 954 015 | 27.7% | 20.2% |
MedGulf | 1 176 995 | 1 067 116 | -9.3% | 11% |
Malath Insurance | 376 565 | 496 896 | 32% | 5.1% |
AlRajhi Takaful | 251 833 | 363 148 | 44.2% | 3.8% |
United Cooperative Assurance | 310 548 | 339 108 | 9.2% | 3.5% |
AXA-Cooperative | 277 221 | 300 828 | 8.5% | 3.1% |
Saudi Arabian Cooperative | 214 218 | 236 844 | 10.6% | 2.5% |
Sagr Insurance | 63 949 | 230 342 | 260.2% | 2.4% |
Trade Union | 215 484 | 225 581 | 4.7% | 2.3% |
Saudi Re | 148 268 | 214 607 | 44.7% | 2.2% |
Allianz Saudi Fransi | 193 264 | 214 177 | 10.8% | 2.2% |
Saudi United Cooperative | 173 141 | 200 786 | 16% | 2.1% |
Arabia Insurance | 171 708 | 177 041 | 3.1% | 1.8% |
Allied Cooperative Insurance | 79 259 | 146 508 | 84.8% | 1.5% |
Arabian Shield | 120 654 | 141 638 | 17.4% | 1.5% |
Saudi Indian (WAFA) | 56 991 | 139 111 | 144.1% | 1.4% |
Wataniya Cooperative | 115 650 | 138 314 | 19.6% | 1.4% |
Buruj Cooperative Insurance | 101 095 | 119 191 | 17.9% | 1.2% |
Amana | 104 426 | 110 398 | 5.7% | 1.1% |
Al Alamiya | 89 341 | 107 202 | 20% | 1.1% |
Salama Cooperative Insurance | 85 015 | 104 457 | 22.9% | 1.1% |
Alahli Takaful | 90 755 | 96 273 | 6.1% | 1% |
Gulf General Cooperative | 97 791 | 93 846 | -4% | 1% |
Solidarity Saudi Takaful | 49 816 | 80 903 | 62.4% | 0.8% |
Ace Arabia Cooperative | 66 018 | 71 661 | 8.5% | 0.7% |
Al-Ahlia for Cooperative | 63 523 | 69 239 | 9% | 0.7% |
Gulf Union | 91 110 | 59 976 | -34.2% | 0.6% |
Alinma Tokio Marine Company | 24 677 | 58 758 | 138.1% | 0.6% |
SABB Takaful | 44 111 | 46 168 | 4.7% | 0.5% |
Metlife, AIG ANB Cooperative (2) | 1 530 | 38 595 | - | 0.4% |
Al Jazira Takaful Taawuni (3) | 8 051 | 18 972 | - | 0.2% |
Saudi Enaya Cooperative | 8 710 | 18 914 | 117.2% | 0.2% |
Total | 8 056 233 | 9 692 559 | 20.3% | 100% |
Sanad premiums are not involved in this ranking either.
(2) 2014 figures from 29th August 2013 to 31st December 2014
(3) 2014 figures from 3rdJuly 2013 to 31st December 2014 Source: Saudi Stock Exchange (Tadawul)
The insurance industry in Saudi Arabia: turnover per class of business: 2014-2015
in thousands USD| 2014 turnover | 2015 turnover | 2015 shares | |
|---|---|---|---|
Health | 4 189 852 | 5 057 551 | 52% |
Motor | 2 139 170 | 2 879 553 | 29.6% |
Fire and property damage | 512 537 | 523 167 | 5.4% |
Engineering | 382 204 | 321 047 | 3.3% |
Protection & savings | 287 586 | 291 448 | 3% |
Marine | 240 943 | 276 249 | 2.8% |
Third party liability and others | 216 156 | 193 588 | 2% |
Energy | 118 073 | 150 124 | 1.5% |
Aviation | 37 314 | 39 198 | 0.4% |
Total | 8 123 835 | 9 731 925 | 100% |
Breakdown of turnover per class of business in 2015
Exchange rate SAR/USD as at 31/12 | 2014 | 2015 |
0.26653 | 0.26665 |
