Top car insurance companies in Saudi Arabia: ranking 2022

Magazine Issue:

Covid-19, the real big crash test for insurers [3]

Magazine date:

Jul 2023

In thousands

Rank	Companies	2022 turnover		2021 turnover		2021-2022 evolution ⁽¹⁾	2022 shares
Rank	Companies	En SAR	En USD	En SAR	En USD	2021-2022 evolution ⁽¹⁾	2022 shares
1	Al Rajhi Takaful	1 722 598	458 728	1 657 700	441 446	3.91%	16.82%
2	Tawuniya	1 041 856	277 446	618 609	164 736	68.42%	10.17%
3	Gulf Insurance Group	799 139	212 811	737 604	196 424	8.34%	7.80%
4	Medgulf	741 640	197 499	431 536	114 918	71.86%	7.24%
5	Salama	624 070	166 190	351 481	93 599	77.55%	6.09%
6	Al Etihad Cooperative	594 854	158 410	383 511	102 129	55.11%	5.81%
7	ACIG	566 972	150 985	383 498	102 126	47.84%	5.54%
8	Wataniya Insurance	502 397	133 788	451 117	120 132	11.37%	4.91%
9	Walaa	440 645	117 344	610 554	162 591	-27.83%	4.30%
10	SAICO	429 191	114 294	185 916	49 509	130.85%	4.19%
11	Malath Insurance	354 665	94 447	492 450	131 139	-27.98%	3.46%
12	UCA	321 940	85 733	103 182	27 477	212.01%	3.14%
13	Al Alamiya	292 407	77 868	125 816	33 505	132.41%	2.86%
14	Gulf General	254 895	67 879	176 867	47 100	44.12%	2.49%
15	Buruj Insurance	241 236	64 241	166 407	44 314	44.97%	2.36%
16	Allianz Saudi Fransi	240 660	64 088	189 336	50 420	27.11%	2.35%
17	Gulf Union Al Ahlia Cooperative Insurance	224 157	59 693	229 690	61 166	-2.41%	2.19%
18	Al Sagr Cooperative	191 141	50 901	233 843	62 272	-18.26%	1.87%
19	Arabia Insurance Cooperative	163 810	43 622	145 226	38 674	12.80%	1.60%
20	Arabian Shield	128 571	34 238	109 893	29 265	17.00%	1.25%
21	Alimna Tokio Marine	113 456	30 213	84 172	22 415	34.79%	1.11%
22	Aljazira Takaful Taawuni	112 289	29 903	15 589	4 151	620.31%	1.10%
23	Amana Cooperative	81 643	21 742	119 232	31 751	-31.53%	0.80%
24	Chubb Arabia	56 656	15 088	62 658	16 686	-9.58%	0.55%
Total companies		10 240 888	2 727 148	8 065 886	2 147 945	26.97%	100.00%