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Saudi Re, 2017 results

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Magazine Issue: 
Digital insurance, the new Eldorado [3]
Magazine date: 
Mar 2018

By 2017, Saudi Re reported a net profit of 38.9 million SAR (10.4 million USD), a leap of 110% in one year. This performance is accounted for by a substantial decrease in loss experience. The turnover has, nonetheless, sustained a slight decrease of 4% at 942 million SAR (251.3 million USD).

The Saudi reinsurer is holder of a “BBB+” rating granted by Standard & Poor’s and manages assets of up to 693 million USD.

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Tue, 03/04/2018 - 09:12

Source URL: https://www.atlas-mag.net/en/article/saudi-re-2017-results

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[4] http://www.atlas-mag.net/en/category/pays/arabie-saoudite