Our Vision​

To evolve into a large and diversified reinsurer contributing to the growth of our economy aiming to be
ranked among the top 50 global reinsurers.

Our Strategy

Our Strategy Towards 2028 is strongly aligned with the overarching Saudi Vision for the insurance sector:

  • Increase GDP diversification and increase sector contribution to oil and non-oil GDP.
  • Develop highly specialized talent pool of Saudi Nationals.
  • De-risk the KSA economic growth by providing local content solutions to retain and absorb risks locally.
  • Supporting insurance solutions for emerging risks.

Strategy Plan

Scale

We prioritize the pursuit of scale, which involves expanding our economic scale, earnings, and capital base, as well as enhancing our resilience to major losses.

Diversification

Our strategy includes diversification, both geographically and in terms of risk type, to ensure a well balanced portfolio.

Technical and operational capabilities

We are dedicated to continuously improving our technical and operational capabilities, which include risk management, technological advancements, and human capital development.

Relationships

We focus on building strong, solid, and sustainable relationships, particularly with clients and regulators.

Financial Soundness

Maintaining financial soundness is critical to the strength and stability of our business. We strive to maintain technical profitability, adequate capitalization, and favourable returns on investment.

Key Performance Indicators (KPIS)

Gross Written Premium Growth

2025 – SR 2.93 billion

2024 – SR 2.36 billion

Combined Ratio

2025 – 96.0%

2024 – 93.9%

Shareholders' Equity

2025 SR 2,191.6 million

2024 – SR 1,611.9 million

Return on Equlity

2025 – 6.9%

2024 – 41.4%

Net Profit after Zakat and tax

2025 – SR 140.04 million

2024 – SR 474.8 million

Credit Rating

2025

A- S&P

A2 Moody’s

2024

A- S&P

A3 Moody’s

Know More About:

Our Rating

Our Team

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