Saudi Re’s strategy positions the company as a leading global reinsurer serving the Kingdom’s economic development while building a diversified, financially robust platform capable of competing on the international stage. The company’s strategic objectives center on scaling capacity, diversifying revenues across geographies and products, strengthening technical capabilities, and maintaining superior financial strength to serve the Kingdom’s growing reinsurance requirements.
The strategy takes into consideration:
Saudi Re advances the Kingdom’s economic objectives through:
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