2.1 Highlights
Kingdom of Saudi Arabia's
national reinsurance
company
Standard & Poor's (S&P)
A- (Positive Outlook) – with our capital adequacy affirmed at the “AAA” level.
Gross Written Premiums
(GWP) for 2025
X 2.9 billion
Top-capitalized listed
reinsurer in the Middle
East.
National rating by Moody's
A2 international scale – A1.sa national scale (Stable Outlook)
Top Performing Reinsurance
Company in MENA
Established in 2008 as the first specialized reinsurer in the Kingdom of Saudi Arabia, Saudi Re has transformed into a leading provider of comprehensive reinsurance solutions within the MENA region. Regulated by the Insurance Authority (IA), our operations are anchored in a G20 economy, which offers one of the world’s fastest-growing insurance markets—providing us with a fertile environment for expansion and value creation.
As a Related Entity with the Public Investment Fund (PIF) as a strategic investor, Saudi Re possesses a robust institutional foundation. This ownership structure, combined with our listing on the Saudi Exchange (Tadawul), provides the financial resilience and credibility necessary to pursue a sustainable growth trajectory and maintain a competitive edge in the evolving global landscape.
Saudi Re’s financial strength and creditworthiness received further validation in 2025. Standard & Poor’s Global Ratings (S&P) reaffirmed our “A-” long-term issuer credit and insurer financial strength rating, while maintaining our “gcAAA” regional scale rating with a positive outlook. Crucially, our capital adequacy levels remain positioned above the “AAA” threshold according to S&P’s assessment model. Moody’s Investors Service upgraded Saudi Re’s Insurance Financial Strength Rating (IFSR) to A2 on the international scale and A1.sa on the national scale, both with a stable outlook.
Saudi Re’s credit profile is reflected through a strong brand presence and a dominant position in the Saudi market, complemented by a growing footprint in Asia, Africa, and Lloyd’s. Our financial stability is characterized by a robust asset base and high capital adequacy levels, providing the financial flexibility required to navigate complex market environments.
We maintain a disciplined and conservative investment strategy, intentionally limiting exposure to natural catastrophe risks and operating with zero financial leverage. Our resilience is further bolstered by favorable access to Saudi capital markets and a unique competitive advantage: the right of first refusal on a portion of premiums ceded by domestic primary insurers.
As a Sharia-compliant company publicly listed on the Saudi Stock Exchange, our strategy is grounded in a comprehensive sustainability model aligned with global standards, embedding Environmental, Social, and Governance (ESG) principles across our operations as we build a diversified, world-class portfolio and deliver long-term value to our stakeholders.
2.2 What We Do
Saudi Re translates concentrated local strength into expansive, global scale by providing specialized facultative and treaty solutions across all major classes – including property, engineering, liability, marine, motor, life, and health. While deepening our commitment to advancing the non-oil sector and enhancing the localization of reinsurance activities to ensure premiums remain within the Kingdom, we are actively expanding our global footprint, serving clients and partners in over 40 markets across Asia, Africa, and at Lloyd’s.
Our client-centric approach, delivered through both direct and broker channels, is guided by market-based underwriting teams and a sound technological and analytical infrastructure. This combination of underwriting proficiency and formidable actuarial capabilities ensures prudent risk assessments and pricing strategies, complemented by valuable partnerships with retrocession reinsurers that are pivotal in mitigating catastrophic risk.