Saudi Re has weaved a deeply thought out Strategy Towards 2028 with a clear vision to “Evolve Saudi Re into a diverse and strong top 50 global reinsurer, contributing to the growth of the Kingdom’s economy”. The Company has set out a clear ambition to evolve into a large well-diversified reinsurance company that can reliably serve the risk and growing reinsurance needs of the Kingdom, and contribute to its economic growth.
The strategy takes into consideration:
Consequently, Saudi Re will be able to support the Kingdom’s national agenda by:
which relates to increasing the economic scale, earnings and capital base, and building resilience to loss events.
We aim at diversification, both geographically and also in terms of risk type, in which we endeavor to maintain a well balanced portfolio
We continually seek to develop our capabilities. These encompass technical capabilities, risk management capabilities, technological and operational capabilities, and human capital.
We value strong relationships, especially with cedants, brokers, partners, and regulators. Our corporate brand is also a strong factor in our relationship building.
Financial soundness is also a key facet in the robustness of our business. We need to retain our technical profitability, capital adequacy and ensure favorable returns on investment.
2024 SR 2,359 million
2023 – SR 1.59 million
2024 – 93.95%
2023 – 89.90%
2024 SR 1,611.9 million
2023 – SR 1,146.8 million
2024 – 41.4%
2023 – 12.2 %
2024 – SR 474.8 million
2023 – SR 124.4 million
2024
A- S&P
A2 Moody’s
2023
A- S&P
A3 Moody’s
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Regulated by Insurance Authority
Northern Ring Rd, Al Wadi, Riyadh 13313, Saudi Arabia.
+966 11 510 2000
+966 11 510 2111