Magazine date:
Jan 2017 The preliminary net profit of the 33 Saudi insurers at the end of 2016 is 140% higher than that of 2015. The 2016 profit reached 2.5 billion SAR (666.8 million USD) against 1.044 billion SAR (278.3 million USD) a year before. The overall market turnover did not follow the same upward trend and remained more or less stable at 35.8 billion SAR (9.5 billion USD).
The ranking of the top five insurance companies was unchanged in comparison with 2015. Tawuniya maintained the first place with 8.05 billion SAR (2.14 billion USD). It is followed by Bupa Arabia 7.9 billion SAR (2.1 billion USD), Med Gulf 3.19 billion SAR (850 million USD), Malath 2.16 billion SAR (576 million USD) and Al Rajhi Takaful 1.94 Billion SAR (517 million USD).
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