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Bupa Arabia: 2020’s results

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Magazine Issue: 
The insurance business in the post-Covid-19 era [3]
Magazine date: 
Mar 2021

Bupa ArabiaBupa Arabia Cooperative Insurance has published the results of 2020. The turnover amounted to 10.44 billion SAR (2.78 billion USD) compared to 10.41 billion SAR (2.77 billion USD) in 2019.

The net profit before zakat rose by 15.5% from 712.7 million SAR (189.801 million USD) as of 31 December 2019 to 823.6 million SAR (219.3 million USD) in 2020.

The underwriting results amounted to 225.368 million SAR (60.01 million USD) in 2020, thus improving by 19.5% over one year.

The net incurred losses increased by 12.5% and were set at 8.719 billion SAR (2.321 billion SAR) against 7.749 billion SAR (2.06 billion USD) in 2019.

Read also | Top 10 insurance companies in Saudi Arabia [4]

Tue, 16/03/2021 - 11:09

Source URL: https://www.atlas-mag.net/en/article/bupa-arabia-2020-s-results

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[3] https://www.atlas-mag.net/en/issue/insurance-in-the-aftermath-of-covid-19
[4] https://www.atlas-mag.net/en/article/insurance-companies-in-saudi-arabia-ranking-2018