Magazine date:
May 2018 2017 ranking of saudi insurance companies per turnover
in thousands2017 turnover | 2016 turnover | 2017 shares | 2016-2017 evolution(2) | |||
---|---|---|---|---|---|---|
In SAR | In USD | In SAR | In USD | |||
Tawuniya | 8 406 669 | 2 242 899 | 8 055 135 | 2 148 627 | 23.7% | 4.4% |
Bupa Arabia | 7 732 961 | 2 063 154 | 7 938 630 | 2 117 550 | 21.8% | -2.6% |
AlRajhi Takaful | 3 193 474 | 852 019 | 1 948 650 | 519 783 | 9.0% | 63.9% |
Medgulf | 2 665 838 | 711 246 | 3 194 334 | 852 057 | 7.5% | -16.5% |
AXA Cooperative | 1 499 477 | 400 060 | 1 153 974 | 307 811 | 4.2% | 29.9% |
Walaa | 1 102 332 | 294 102 | 1 016 608 | 271 170 | 3.1% | 8.4% |
Allianz Saudi Franzi | 925 537 | 246 933 | 836 272 | 223 067 | 2.6% | 10.7% |
Trade Union | 831 249 | 221 777 | 954 483 | 254 599 | 2.4% | -12.9% |
SAICO | 804 577 | 214 661 | 801 506 | 213 794 | 2.3% | 0.4% |
Salama | 750 691 | 200 284 | 571 353 | 152 403 | 2.1% | 31.4% |
Malath Insurance | 726 978 | 193 958 | 2 167 856 | 578 254 | 2.1% | -66.5% |
Arabian Shield | 593 078 | 158 233 | 754 470 | 201 247 | 1.7% | -21.4% |
United Cooperative Assurance (UCA) | 580 565 | 154 895 | 819 595 | 218 619 | 1.6% | -29.2% |
Wataniya | 578 701 | 154 397 | 507 708 | 135 426 | 1.5% | 14.0% |
Buruj | 511 509 | 136 471 | 437 566 | 116 716 | 1.4% | 16.9% |
WAFA Insurance(3) | 499 995 | 133 399 | 550 807 | 146 922 | 1.4% | -9.2% |
Allied Cooperative Insurance Group (ACIG) | 429 972 | 114 717 | 510 618 | 136 202 | 1.2% | -15.8% |
Gulf Union | 359 627 | 95 948 | 277 376 | 73 987 | 1.0% | 29.7% |
MetLife AIG ANB | 354 880 | 94 682 | 208 090 | 55 506 | 1.0% | 70.5% |
ATC Alahli Takaful | 353 113 | 94 211 | 353 279 | 94 234 | 1.0% | -0.05% |
Sagr Insurance | 329 307 | 87 859 | 176 014 | 46 950 | 0.9% | 87.1% |
Arabia Insurance Cooperative (AICC) | 314 391 | 83 880 | 419 191 | 111 815 | 0.9% | -25.0% |
Alinma Tokio M | 296 723 | 79 166 | 321 888 | 85 860 | 0.9% | -7.8% |
Saudi Enaya | 274 822 | 73 322 | 128 825 | 34 363 | 0.8% | 113.3% |
Al Alamiya | 263 369 | 70 267 | 310 751 | 82 890 | 0.8% | -15.2% |
Chubb Arabia Cooperative | 220 498 | 58 829 | 214 837 | 57 306 | 0.6% | 2.6% |
Gulf General | 185 627 | 49 525 | 255 152 | 68 059 | 0.6% | -27.2% |
Al-Ahlia Insurance | 183 219 | 48 883 | 167 142 | 44 583 | 0.6% | 9.6% |
SABB Takaful | 175 084 | 46 712 | 194 368 | 51 846 | 0.5% | -9.9% |
Solidarity | 136 134 | 36 321 | 262 447 | 70 005 | 0.4% | -48.1% |
AlJazira Takaful Taawuni | 85 620 | 22 843 | 82 655 | 22 047 | 0.2% | 3.6% |
Amana Insurance | 71 967 | 19 201 | 169 866 | 45 310 | 0.2% | -57.6% |
Total | 35 437 984 | 9 454 854 | 35 761 446 | 9 539 008 | 100% | -0.9% |
(2) Growth rate in local currency
(3) Ex Saudi Indian Company for Cooperative Insurance
Saudi insurance sector: markets shares of the top 10 companies in 2017
(1) 22 compagnies Source : Tadawul : the Saudi stock exchangeExchange rate SAR/USD as at 31/12 | 2017 | 2016 |
0.2668 | 0.26674 |
Read also | 2018 ranking of insurance companies in Saudi Arabia [4]