Rank 2019 | Company | Country | 2019 turnover | 2018 turnover | 2018-2019 evolution* | ||
---|---|---|---|---|---|---|---|
In local currency | In USD | In local currency | In USD | ||||
1 | Qatar Insurance Co. | Qatar | 12 843 170 | 3 520 700 | 12 605 840 | 3 460 930 | 1.88% |
2 | Bupa Arabia | Saudi Arabia | 10 410 870 | 2 772 520 | 8 566 650 | 2 280 530 | 21.53% |
3 | Tawuniya | Saudi Arabia | 8 375 860 | 2 230 580 | 7 641 250 | 2 034 180 | 9.61% |
4 | Gulf Insurance | Kuwait | 394 060 | 1 296 390 | 364 600 | 1 195 740 | 8.08% |
5 | Daman Health | United Arab Emirates | 4 592 040 | 1 250 000 | 5 031 760 | 1 370 000 | -8.74% |
6 | Orient Insurance | United Arab Emirates | 3 881 000 | 1 057 000 | 3 678 000 | 1 001 000 | 5.52% |
7 | ADNIC | United Arab Emirates | 3 756 000 | 1 022 000 | 2 909 000 | 792 000 | 29.12% |
8 | Oman Insurance Co | United Arab Emirates | 3 545 000 | 965 000 | 3 699 000 | 1 007 000 | -4.16% |
9 | AlRajhi Takaful | Saudi Arabia | 2 569 800 | 684 370 | 2 973 590 | 791 600 | -13.58% |
10 | Medgulf | Saudi Arabia | 2 421 280 | 644 810 | 2 069 470 | 550 910 | 17.00% |
11 | National Life & General Insurance | Oman | 148 600 | 384 990 | 134 590 | 348 680 | 10.41% |
12 | AXA Cooperative | Saudi Arabia | 1 409 780 | 375 440 | 1 445 860 | 384 900 | -2.50% |
13 | Walaa | Saudi Arabia | 1 215 390 | 323 670 | 1 104 960 | 294 150 | 9.99% |
14 | Al Ahleia Insurance | Kuwait | 97 870 | 321 960 | 83 980 | 275 420 | 16.54% |
15 | Al Ain Al Ahlia | United Arab Emirates | 1 154 000 | 314 000 | 1 514 000 | 412 000 | -23.78% |
16 | Emirates Insurance | United Arab Emirates | 1 137 000 | 310 000 | 1 043 000 | 284 000 | 9.01% |
17 | Salama | United Arab Emirates | 1 106 000 | 301 000 | 1 041 000 | 283 000 | 6.24% |
18 | Allianz Saudi Franzi | Saudi Arabia | 1 011 670 | 269 420 | 870 720 | 231 790 | 16.19% |
19 | Dubai Insurance Co | United Arab Emirates | 971 000 | 264 000 | 532 000 | 145 000 | 82.52% |
20 | Union Insurance | United Arab Emirates | 927 000 | 252 000 | 952 000 | 259 000 | -2.63% |
21 | Al Buhaira National Ins | United Arab Emirates | 867 000 | 236 000 | 496 000 | 135 000 | 74.80% |
22 | Al Etihad (Ex. Trade Union) | Saudi Arabia | 861 940 | 229 540 | 929 780 | 247 520 | -7.30% |
23 | Malath Insurance | Saudi Arabia | 835 240 | 222 430 | 729 080 | 194 090 | 14.56% |
24 | SAICO | Saudi Arabia | 834 340 | 222 190 | 949 990 | 252 900 | -12.17% |
25 | GIG Bahrain | Bahrain | 81 660 | 215 290 | 81 610 | 215 750 | 0.06% |
26 | Wataniya | Saudi Arabia | 735 040 | 195 750 | 712 320 | 189 630 | 3.19% |
27 | Qatar General Ins | Qatar | 695 130 | 190 560 | 546 600 | 150 070 | 27.17% |
28 | Doha Insurance QSC | Qatar | 655 910 | 179 810 | 623 930 | 171 300 | 5.13% |
29 | Ras Al Khaimah Ins | United Arab Emirates | 615 000 | 167 000 | 510 000 | 139 000 | 20.59% |
30 | Takaful Emarat | United Arab Emirates | 606 000 | 165 000 | 599 000 | 163 000 | 1.17% |
31 | Bahrain Kuwait Ins. BKIC | Kuwait | 47 810 | 157 300 | 47 710 | 156 470 | 0.21% |
32 | Gulf Union | Saudi Arabia | 558 800 | 148 810 | 328 000 | 87 320 | 70.37% |
33 | National General Ins. | United Arab Emirates | 536 000 | 146 000 | 551 000 | 150 000 | -2.72% |
34 | Arabian Shield | Saudi Arabia | 543 720 | 144 800 | 625 100 | 166 410 | -13.02% |
35 | ACIG | Saudi Arabia | 529 350 | 140 970 | 500 010 | 133 110 | 5.87% |
36 | Salama | Saudi Arabia | 503 500 | 134 090 | 734 980 | 195 660 | -31.49% |
37 | Abu Dhabi National Takaful Company | United Arab Emirates | 489 000 | 133 000 | 384 000 | 105 000 | 27.34% |
38 | Kuwait Insurance KIC | Kuwait | 37 550 | 123 550 | 36 380 | 119 300 | 3.22% |
39 | Sagr Cooperative | Saudi Arabia | 455 700 | 121 360 | 350 380 | 93 270 | 30.06% |
40 | Dhofar Insurance | Oman | 45 630 | 118 220 | 40 040 | 103 720 | 13.96% |
41 | UCA | Saudi Arabia | 420 290 | 111 930 | 391 970 | 104 350 | 7.23% |
42 | Islamic Insurance QIIC | Qatar | 405 430 | 111 140 | 382 370 | 104 980 | 6.03% |
43 | Al Sagr National Ins. | United Arab Emirates | 407 000 | 111 000 | 356 000 | 97 000 | 14.33% |
44 | Dar Al Takaful | United Arab Emirates | 403 000 | 110 000 | 291 000 | 79 000 | 38.49% |
45 | Saudi Solidarity Takaful | Saudi Arabia | 391 020 | 104 130 | 245 860 | 65 450 | 59.04% |
46 | Dubai National Ins & Reins Co. | United Arab Emirates | 381 000 | 104 000 | 351 000 | 96 000 | 8.55% |
47 | Al Medina Takaful | Oman | 38 910 | 100 820 | 30 470 | 78 950 | 27.70% |
48 | Warba Insurance | Kuwait | 29 680 | 97 640 | 28 550 | 93 640 | 3.96% |
49 | National Takaful Co | United Arab Emirates | 345 000 | 94 000 | 300 000 | 82 000 | 15.00% |
50 | Damaan Insurance "BEEMA" | Qatar | 339 200 | 92 980 | 332 090 | 91 180 | 2.14% |
51 | Bahrain National Holding | Bahrain | 33 800 | 89 130 | 33 580 | 88 780 | 0.66% |
52 | Arabia Ins. Cooperative | Saudi Arabia | 332 420 | 88 530 | 350 790 | 93 380 | -5.24% |
53 | Alimna Tokio Marine | Saudi Arabia | 331 140 | 88 190 | 353 590 | 94 130 | -6.35% |
54 | Al Dhafra Insurance | United Arab Emirates | 324 000 | 88 000 | 334 000 | 91 000 | -2.99% |
55 | Buruj | Saudi Arabia | 305 540 | 81 370 | 320 000 | 85 190 | -4.52% |
56 | Solidarity Bahrain | Bahrain | 30 850 | 81 340 | 30 070 | 79 500 | 2.59% |
57 | Khaleej Takaful | Qatar | 296 470 | 81 270 | 267 680 | 73 490 | 10.76% |
58 | Oman United Insurance | Oman | 31 160 | 80 730 | 36 650 | 94 950 | -14.98% |
59 | Alliance Insurance | United Arab Emirates | 285 000 | 78 000 | 291 000 | 79 000 | -2.06% |
60 | Methaq Takaful Ins. | United Arab Emirates | 283 000 | 77 000 | 317 000 | 86 000 | -10.73% |
61 | Al Fujairah National Ins. | United Arab Emirates | 275 000 | 75 000 | 267 000 | 73 000 | 3.00% |
62 | Oman & Qatar Ins. | Oman | 28 940 | 74 980 | 28 270 | 73 230 | 2.37% |
63 | Gulf General | Saudi Arabia | 279 690 | 74 480 | 264 680 | 70 460 | 5.67% |
64 | Orient UNB Takaful | United Arab Emirates | 255 000 | 69 000 | 190 000 | 52 000 | 34.21% |
65 | Chubb Arabia | Saudi Arabia | 258 220 | 68 770 | 233 970 | 62 290 | 10.36% |
66 | KFH Takaful | Kuwait | 20 720 | 68 150 | 18 940 | 62 100 | 9.40% |
67 | Al Wathba National Ins. | United Arab Emirates | 250 000 | 68 000 | 271 000 | 74 000 | -7.75% |
68 | Dubai Islamic Insurance & Reinsurance | United Arab Emirates | 250 000 | 68 000 | 376 000 | 102 000 | -33.51% |
69 | Vision Insurance SAOG | Oman | 25 640 | 66 440 | 27 480 | 71 190 | -6.70% |
70 | Amana Cooperative | Saudi Arabia | 248 050 | 66 060 | 137 450 | 36 590 | 80.47% |
71 | Takaful Oman Insurance | Oman | 25 260 | 65 430 | 23 110 | 59 870 | 9.30% |
72 | Al Ahlia Insurance | Oman | 24 880 | 64 460 | 25 800 | 66 850 | -3.57% |
73 | Insurance House | United Arab Emirates | 236 000 | 64 000 | 211 000 | 58 000 | 11.85% |
74 | Ahli Takaful | Saudi Arabia | 238 840 | 63 610 | 338 350 | 90 070 | -29.41% |
75 | United Fidelity Ins. | United Arab Emirates | 221 000 | 60 000 | 146 000 | 40 000 | 51.37% |
76 | Alamiya (RSA) | Saudi Arabia | 219 940 | 58 570 | 293 530 | 78 140 | -25.07% |
77 | GIG Takaful International | Bahrain | 21 720 | 57 270 | 22 030 | 58 250 | -1.41% |
78 | General Takaful | Qatar | 192 240 | 52 700 | 197 780 | 54 300 | -2.80% |
79 | Ahlia Cooperative | Saudi Arabia | 192 250 | 51 200 | 172 980 | 46 050 | 11.14% |
80 | T'azur | Bahrain | 19 080 | 50 310 | 17 170 | 45 400 | 11.12% |
81 | SEIB | Qatar | 182 400 | 50 000 | 213 800 | 58 700 | -14.69% |
82 | Muscat Insurance | Oman | 18 450 | 47 800 | 18 590 | 48 160 | -0.75% |
83 | Arabian Falcon Ins. | Oman | 16 910 | 43 800 | 16 070 | 41 620 | 5.23% |
84 | Medgulf Takaful | Bahrain | 15 700 | 41 400 | 15 660 | 41 400 | 0.26% |
85 | Sabb Takaful | Saudi Arabia | 155 150 | 41 320 | 139 970 | 37 260 | 10.85% |
86 | Saudi Enaya | Saudi Arabia | 154 030 | 41 020 | 138 240 | 36 800 | 11.42% |
87 | Gulf Union | Bahrain | 14 980 | 39 500 | 14 750 | 39 000 | 1.56% |
88 | Arabian Scandanavian National Ins. | United Arab Emirates | 141 000 | 38 000 | 168 000 | 46 000 | -16.07% |
89 | Al Jazirah Takaful | Saudi Arabia | 130 280 | 34 700 | 101 150 | 26 930 | 28.80% |
90 | Enaya | Kuwait | 9 730 | 32 000 | 11 740 | 38 500 | -17.12% |
91 | Sharq | Qatar | 109 440 | 30 000 | 101 990 | 28 000 | 7.30% |
92 | Ilaf | Kuwait | 8 510 | 28 000 | 8 540 | 28 000 | -0.35% |
93 | SNIC Insurance | Bahrain | 10 390 | 27 390 | 10 290 | 27 200 | 0.97% |
94 | United Insurance | Bahrain | 9 620 | 25 350 | 9 120 | 24 110 | 5.48% |
95 | Al Hilal Life | Bahrain | 8 950 | 23 600 | 8 720 | 23 060 | 2.64% |
96 | T'azur | Kuwait | 6 230 | 20 500 | 7 560 | 24 800 | -17.59% |
97 | Wethaq Takaful | Kuwait | 5 760 | 18 960 | 5 040 | 16 540 | 14.29% |
98 | National Takaful | Kuwait | 5 620 | 18 500 | 6 040 | 19 800 | -6.95% |
99 | Kuwait Qatar | Kuwait | 5 500 | 18 100 | 5 520 | 18 100 | -0.36% |
100 | Ghazal | Kuwait | 5 170 | 17 000 | 4 610 | 15 130 | 12.15% |
101 | First Takaful | Kuwait | 4 610 | 15 180 | 5 240 | 17 190 | -12.02% |
102 | Arab Islamic Takaful | Kuwait | 4 560 | 15 000 | 4 120 | 13 500 | 10.68% |
103 | Gulf Takaful | Kuwait | 3 970 | 13 070 | 3 900 | 12 800 | 1.79% |
104 | Axa Green Crescent Ins. | United Arab Emirates | 46 000 | 13 000 | 40 000 | 11 000 | 15.00% |
105 | Sharjah Insurance | United Arab Emirates | 44 000 | 12 000 | 53 000 | 14 000 | -16.98% |
106 | Dar Al Salam | Kuwait | 3 400 | 11 180 | 3 410 | 11 180 | -0.29% |
107 | KITI | Kuwait | 2 740 | 9 000 | 3 020 | 9 900 | -9.27% |
108 | Boubyan Takaful | Kuwait | 2 680 | 8 800 | 2 680 | 8 800 | 0.00% |
109 | Ritaj Takaful | Kuwait | 1 310 | 4 300 | 1 310 | 4 300 | 0.00% |
110 | United | Kuwait | 640 | 2 100 | 1 190 | 3 900 | -46.22% |
* Evolution in local currency
For the United Arab Emirates, only the top 30 companies of the market are included in the ranking.
Source: Companies' reports and Al Bayan Economic
Exchange rate as at 31/12/2019: United Arab Emirates: AED/USD: 0.27221 - Saudi Arabia: SAR/USD: 0.26631 - Bahrain: BHD/USD: 2.63655 - Kuwait: KWD/USD: 3.28983 - Qatar: QAR/USD: 0.27413 - Oman: OMR/USD: 2.59079
Exchange rate as at 31/12/2019: United Arab Emirates: AED/USD: 0.27227 - Saudi Arabia: SAR/USD: 0.26621 - Bahrain: BHD/USD: 2.64362 - Kuwait: KWD/USD: 3.27956 - Qatar: QAR/USD: 0.27455 - Oman: OMR/USD: 2.59062
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