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The Saudi Arabia insurance market: financial indicators 2016

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Magazine Issue: 
Reinsurers back to the wall [3]
Magazine date: 
Nov 2017

The Saudi Arabia insurance market: 2016 ranking of companies per net result (1)

in thousands
 2016 net result2015 net result
 In SAR(2)In USDIn SAR(2)In USD
Tawuniya
732 778195 461598 428159 571
Bupa Arabia
630 705168 234645 077172 010
Sagr Insurance
151 44040 39586 13722 968
Walaa
112 81430 092- 75 822- 20 218
United Cooperative Assurance
99 76826 612- 52 975- 14 126
Al Rajhi Takaful
88 62723 64038 24110 197
Buruj
82 79022 08328 2357 529
Arabian Shield
70 50818 80732 7618 736
Medgulf
67 61118 035- 261 267- 69 667
WAFA Insurance(3)
59 65615 913- 63 015- 16 803
SAICO
50 84013 56132 3068 614
Solidarity
48 64012 974- 51 508- 13 735
Al Alamiya
46 34712 36327 2767 273
Trade Union
44 96311 99325 7406 864
Wataniya
38 74510 335-10 862-2 896
Chubb Arabia Cooperative
37 3039 950--
ATC Alahli Takaful
33 3378 89234 4049 174
AXA Cooperative
30 0908 02621 0555 614
Al Jazira Takaful Taawuni
25 9196 91417 6614 709
Allianz Saudi Franzi
24 4296 51623 8356 356
Gulf Union
22 3355 95812 3583 295
Salama
21 3045 6831 878501
Gulf General
19 4945 200- 31 931- 8 514
SABB Takaful
11 8553 1623 640971
Amana Insurance
11 7213 126- 12 772- 3 406
Arabia Insurance Cooperative (AICC)
8 4472 253- 10 410- 2 776
Allied Cooperative Insurance Group (ACIG)
8 3442 22811 1332 967
Sanad
- 10 593-2 826- 568-151
Al-Ahlia Insurance
- 21 099-5 628- 53 944-14 384
Alinma Tokio M
- 21 272-5 674- 21 912- 5 843
Metlife AIG ANB
- 22 245- 5 934- 32 113- 8 563
Saudi Enaya
- 28 524- 7 608- 51 245-13 664
Malath Insurance
- 143 863-38 374- 8 397- 2 239
Weqaya Takaful
--- 26 969- 7 191
Total
2 333 214622 362874 455233 173
(1) this ranking does not include the net result of Weqaya Takaful whose activities were suspended during 2015
(2) Saudi Riyal
(3) Former Saudi Indian Company for Cooperative Insurance

The Saudi Arabia insurance market: 2016 ranking of companies according to shareholder's equity (1)

in thousands
 2016 shareholder's equity2015 shareholder's equity
 In SAR(2)In USDIn SAR(2)In USD
Tawuniya
2 927 525780 8882 309 068615 713
Bupa Arabia
2 027 054540 6961 666 540444 383
Medgulf
952 520254 075912 131243 220
Sagr Insurance
508 880135 739405 548108 139
AXA Cooperative
499 549133 250468 461124 915
Walaa
435 488116 162322 67486 041
Al Rajhi Takaful
429 363114 528340 49590 793
United Cooperative Assurance (UCA)
389 610103 925294 71178 585
Al Jazira Takaful Taawuni
371 71799 152378 864101 024
SABB Takaful
361 20196 347355 07094 679
Arabian Shield
350 16393 402279 65574 570
Al Alamiya
330 95688 279292 46577 986
Buruj
315 06584 040233 03862 140
SAICO
298 11779 520247 27865 937
Trade Union
297 52579 362252 47967 324
Alinma Tokio M
291 65477 796312 92683 442
Solidarity
246 21665 676203 41554 241
Arabia Insurance Cooperative (AICC)
244 29165 162237 75563 397
Metlife AIG ANB
237 08563 24088 57623 619
Chubb Arabia Cooperative Insurance
226 38060 385196 08352 286
Allianz Saudi Franzi
221 35459 044200 92353 576
ATC Alahli Takaful
215 70757 538194 16551 774
Gulf General
195 77352 220176 27947 005
Salama
193 17651 528171 87245 830
Wataniya
185 35149 44155 57814 820
Saudi Enaya
171 74745 812200 27153 402
Gulf Union
146 56139 094127 00733 866
Allied Cooperative Insurance Group (ACIG)
125 15133 383116 95931 187
Amana Insurance
121 60632 437111 27129 670
WAFA Insurance(3)
121 07432 29566 81517 816
Al-Ahlia Insurance
104 39227 846121 13732 301
Malath Insurance
89 35923 836258 43468 911
Sanad
21 3585 69532 3398 623
Weqaya Takaful
 -24 9166 644
Total
13 652 9683 641 79311 655 1983 107 859
(1) this ranking does not include the shareholder's equity of Weqaya Takaful whose activities were suspended during 2015
(2) Saudi Riyal
(3) Former Saudi Indian Company for Cooperative Insurance

Return on equity per company in 2016 (1)

 2016 Return on equity2015 Return on equity
WAFA Insurance(2)
49.3%-94.3%
Bupa Arabia
31.1%38.7%
Sagr Insurance
29.8%21.2%
Buruj
26.3%12.1%
Walaa
25.9%-23.5%(P)
United Cooperative Assurance (UCA)
25.6%-18.0%(P)
Tawuniya
25.0%25.9%
Wataniya
20.9%-19.5%(P)
Al Rajhi Takaful
20.6%11.2%
Arabian Shield
20.1%11.7%
Solidarity
19.8%-25.3%(P)
SAICO
17.1%13.1%
Chubb Arabia Cooperative Insurance
16.5%7.1%
ATC Alahli Takaful
15.5%17.7%
Gulf Union
15.2%9.7%
Trade Union
15.1%10.2%
Al Alamiya
14.0%9.3%
Allianz Saudi Franzi
11.0%11.9%
Salama
11.0%1.1%
Gulf General
10.0%-18.1%
Amana Insurance
9.6%-11.5%
Medgulf
7.1%-28.6%
Al Jazira Takaful Taawuni
6.8%4.8%
Allied Cooperative Insurance Group (ACIG)
6.7%9.5%
AXA Cooperative
6.0%4.5%
Arabia Insurance Cooperative (AICC)
3.5%-4.4%
SABB Takaful
3.3%1.0%
Alinma Tokio M
-7.3%-7.0%
Metlife AIG ANB
-9.4%-36.3%
Saudi Enaya
-16.6%-25.6%
Al-Ahlia Insurance
-20.2%-44.5%
Sanad
-49.6%-1.8%
Malath Insurance
-161.0%-3.2%
Weqaya Takaful
--108.2%
(1) this ranking does not include the ROE of Weqaya Takaful whose activities were suspended during 2015
(2) Former Saudi Indian Company for Cooperative Insurance
Retun On Equity (ROE)= net result/shareholder's equity Source: Saudi Arabia Stock Exchange(Tadawul), Saudi Arabia Monetary Authority(SAMA)
Exchange rate
SAR/USD as at 31/12
2015
2016
0.26665
0.26674
Fri, 08/12/2017 - 15:50

Source URL: https://www.atlas-mag.net/en/article/the-saudi-arabia-insurance-market-turnover-2016

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[3] https://www.atlas-mag.net/en/issue/reinsurers-back-to-the-wall