Magazine date:
Jul 2023 | Rank | Company | 2022 turnover | 2021 turnover | ||
|---|---|---|---|---|---|
| SAR | USA | SAR | USA | ||
| 1 | Bupa Arabia | 13 896 883 000 | 3 700 739 943 | 11 382 194 000 | 3 031 078 262 |
| 2 | Tawuniya | 10 461 433 000 | 2 785 879 608 | 7 837 813 000 | 2 087 209 602 |
| 3 | Medgulf | 1 801 574 000 | 479 759 156 | 1 487 846 000 | 396 213 390 |
| 4 | Alrajhi Takaful | 666 323 000 | 177 441 815 | 351 590 000 | 93 628 417 |
| 5 | Walaa | 656 842 000 | 174 917 025 | 362 397 000 | 96 506 321 |
| 6 | Al Etihad Cooperative | 518 866 966 | 138 174 273 | 422 406 668 | 112 486 896 |
| 7 | Malath Insurance | 505 452 000 | 134 601 868 | 389 872 000 | 103 822 914 |
| 8 | Arabian Shield | 459 468 000 | 122 356 328 | 315 843 000 | 84 108 991 |
| 9 | Arabia Insurance Cooperative | 441 207 919 | 117 493 669 | 166 078 757 | 44 226 773 |
| 10 | Gulf Insurance Group | 394 546 000 | 105 067 600 | 381 421 000 | 101 572 412 |
| 11 | SAICO | 315 410 694 | 83 993 868 | 365 821 151 | 97 418 173 |
| 12 | Al Sagr Cooperative | 232 192 466 | 61 832 854 | 151 894 601 | 40 449 532 |
| 13 | Gulf Union Al Ahlia Cooperative Insurance | 230 345 341 | 61 340 964 | 260 260 476 | 69 307 365 |
| 14 | Saudi Enaya | 227 474 000 | 60 576 326 | 218 502 000 | 58 187 083 |
| 15 | Allied Cooperative Insurance Group (Acig) | 215 208 000 | 57 309 890 | 159 483 000 | 42 470 323 |
| 16 | Allianz Saudi Fransi | 209 536 170 | 55 799 482 | 199 122 901 | 53 026 429 |
| 17 | Amana Cooperative | 144 407 000 | 38 455 584 | 150 199 000 | 39 997 994 |
| 18 | Salama | 142 575 000 | 37 967 723 | 86 350 000 | 22 995 005 |
| 19 | United Cooperative Assurance (Uca) | 80 861 000 | 21 533 284 | 100 968 000 | 26 887 778 |
| 20 | Buruj Insurance | 76 417 082 | 20 349 869 | 81 243 026 | 21 635 018 |
| 21 | Gulf General | 60 043 000 | 15 989 451 | 60 224 000 | 16 037 651 |
| 22 | Aljazira Takaful Taawuni | 49 057 000 | 13 063 879 | 44 028 000 | 11 724 656 |
| 23 | Alinma Tokio Marine Company | 8 771 000 | 2 335 717 | 117 000 | 31 157 |
| Total | 31 794 893 638 | 8 466 980 176 | 24 975 674 580 | 6 651 022 141 | |
* Ranking per gross written premiums
Insurance companies that do not underwrite health policies are not included in the ranking.
Exchange rate as at 31/12/2022 : 1 SAR = 0.2663 USD ; 31/12/2021 : 1 SAR = 0.2663 USD.
Read also | Insurance companies in Saudi Arabia [4]
