Top 30 insurance companies in Saudi Arabia: Ranking 2018

Magazine Issue:

Magazine date:

May 2019

In thousands

Rank		Insurance companies	2018 turnover		2017 turnover		2018 market shares	2017-2018 Evolution ⁽¹⁾
2018	2017	Insurance companies	In SAR	In USD	In SAR	In USD	2018 market shares	2017-2018 Evolution ⁽¹⁾
1	2	Bupa Arabia	8 566 648	2 280 527	7 732 961	2 063 154	24.70%	10.78%
2	1	Tawuniya	7 641 245	2 039 448	8 406 669	2 242 899	22.03%	-9.10%
3	3	AlRajhi Takaful	2 973 594	791 600	3 193 474	852 019	8.57%	-6.89%
4	4	Medgulf	2 069 473	550 914	2 665 838	711 246	5.97%	-22.37%
5	5	AXA Cooperative	1 445 860	384 902	1 499 477	400 060	4.17%	-3.58%
6	6	Walaa	1 104 957	294 151	1 102 332	294 102	3.19%	0.24%
7	9	SAICO	949 993	252 898	804 577	214 661	2.74%	18.07%
8	8	Trade Union	929 775	247 515	831 249	221 777	2.68%	11.85%
9	7	Allianz Saudi Franzi	870 716	231 793	925 537	246 933	2.51%	-5.92%
10	10	Salama	734 982	195 660	750 691	200 284	2.12%	-2.09%

		Total	34 683 446	9 238 352	35 437 984	9 454 854	100.00%	-2.13%
11	11	Malath Insurance	729 076	194 087	726 978	193 958	2,10%	0.29%
12	14	Wataniya	712 324	189 628	578 701	154 397	2.05%	23.09%
13	12	Arabian Shield	625 101	166 408	593 078	158 233	1.80%	5.40%
14	17	Allied Cooperative Insurance Group (ACIG)	500 013	133 108	429 972	114 717	1.44%	16.29%
15	16	WAFA Insurance ⁽²⁾	499 995	133 104	499 995	133 399	1.44%	-
16	13	United Cooperative Assurance (UCA)	391 968	104 346	580 565	154 895	1.13%	-32.49%
17	23	Alinma Tokio M	353 591	94 129	296 723	79 166	1.02%	19.17%
18	22	Arabia Insurance Cooperative (AICC)	350 787	93 383	314 391	83 880	1.01%	11.58%
19	21	Sagr Insurance	350 379	93 274	329 307	87 859	1.01%	6.40%
20	20	ATC Alahli Takaful	338 346	90 071	353 113	94 211	0.98%	-4.18%
21	18	Gulf Union	328 002	87 317	359 627	95 948	0.95%	-8.79%
22	15	Buruj	319 998	85 187	511 509	136 471	0.92%	-37.44%
23	25	Al Alamiya	293 533	78 141	263 369	70 267	0.85%	11.45%
24	27	Gulf General	264 675	70 459	185 627	49 525	0.76%	42.58%
25	30	Solidarity	245 857	65 450	136 134	36 321	0.71%	80.60%
26	26	Chubb Arabia Cooperative	233 973	62 286	220 498	58 829	0.67%	6.11%
27	28	Al-Ahlia Insurance	172 981	46 049	183 219	48 883	0.50%	-5.59%
28	19	MetLife AIG ANB	168 803	44 937	354 880	94 682	0.49%	-52.43%
29	29	SABB Takaful	139 966	37 260	175 084	46 712	0.40%	-20.06%
30	24	Saudi Enaya	138 244	36 802	274 822	73 322	0.40%	-49.70%
31	32	Amana Insurance	137 446	36 589	71 967	19 201	0.40%	90.98%
32	31	AlJazira Takaful Taawuni	101 145	26 926	85 620	22 843	0.29%	18.13%

⁽¹⁾ Growth rate in local currency
⁽²⁾ Ex Saudi Indian Company for Cooperative Insurance, 2017 premiums renewed in 2018
Source : www.tadawul.com.sa

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