-
Bank Ranking
Banks Ratios
Cement Statistics
Cement Ranking
Cement Ratios
Monetary and Economic Statistics
Oil, Gas and Fuel
Macro Economy
Consumer Spending
Inflation
Exports & Imports
Food Prices
Non Food Prices
Construction Materials
Petrochem. Ranking
Petrochem. Ratios
Retail Rankings
Retail Ratios
Grocery Ranking
Grocery Ratios
Top Growth
Dividend History
Overview of Saudi insurance sector’s P/E ratio in 2024
AI Summary
Content Summary: 
Tadawul-listed insurance firms traded at a combined price-to-earnings (P/E) ratio of 23x, trailing 12 months (TTM) to the end of 2024, market data compiled by Argaam showed.
The study included 26 insurers listed in the Saudi market.
The combined market capitalization of the insurance services providers reached around SAR 84.3 billion, based on March 24, 2025, closing prices, as shown in the following table:
Last 12M PE - Insurance Sector
As many as 14 insurance firms traded at a P/E ratio below 23×, led by Wataniya Insurance Co. (8.33x) and Saudi Arabian Cooperative Insurance Co. (SAICO) (9.22x). Meanwhile, Bupa Arabia for Cooperative Insurance Co. and Arabia Insurance Cooperative Co. (AICC) traded close to the sector’s P/E at 21.92x and 21.98x, respectively.
Companies PE Below Insurance Sector PE
| Company | Price | P/E | Notes |
|---|---|---|---|
| WATANIYA | 21.44 | 8.32 | |
| SAICO | 15.12 | 9.20 | |
| SAUDI RE | 32.51 | 11.63 | |
| ALSAGR INSURANCE | 14.72 | 13.86 | |
| GIG | 26.80 | 14.33 | |
| ALETIHAD | 14.60 | 14.86 | |
| SALAMA | 15.32 | 15.26 | |
| GULF UNION ALAHLIA | 14.56 | 15.31 | |
| LIVA | 15.26 | 18.63 | |
| ARABIAN SHIELD | 17.00 | 19.11 | |
| TAWUNIYA | 141.20 | 20.72 | |
| AICC | 12.54 | 22.05 | |
| BUPA ARABIA | 173.20 | 22.28 |
The price-to-book (P/B) ratio of the insurance sector reached 3.11x. Arabian Shield Cooperative Insurance Co. traded at the lowest price-to-book (P/B) ratio of 0.82x. It was followed by Al-Etihad Cooperative Insurance Co. and AlJazira Takaful Taawuni Co. at 0.97x and 1.02x, respectively.
Al Rajhi Company for Cooperative Insurance (Al Rajhi Takaful) traded at a P/B of 6.54x.
Price Per Book
| Company | Price | Book Value | Price to Book (P/B) |
|---|---|---|---|
| ARABIAN SHIELD | 17.00 | 20.70 | 0.82 |
| JAZIRA TAKAFUL | 14.80 | 14.78 | 1.00 |
| ALETIHAD | 14.60 | 14.23 | 1.03 |
| GULF UNION ALAHLIA | 14.56 | 13.66 | 1.07 |
| AICC | 12.54 | 11.41 | 1.10 |
| ALSAGR INSURANCE | 14.72 | 13.36 | 1.10 |
| SAICO | 15.12 | 12.73 | 1.19 |
| GULF GENERAL | 9.24 | 7.46 | 1.24 |
| MUTAKAMELA | 14.92 | 11.70 | 1.27 |
| GIG | 26.80 | 20.76 | 1.29 |
| AMANA INSURANCE | 9.43 | 7.27 | 1.30 |
| WALAA | 18.70 | 14.30 | 1.31 |
| UCA | 8.89 | 6.71 | 1.33 |
| LIVA | 15.26 | 11.01 | 1.39 |
| WATANIYA | 21.44 | 15.24 | 1.41 |
| ENAYA | 10.22 | 7.13 | 1.43 |
| ACIG | 12.70 | 8.70 | 1.46 |
| MALATH INSURANCE | 13.90 | 8.66 | 1.61 |
| SALAMA | 15.32 | 10.49 | 1.81 |
| CHUBB | 31.50 | 11.36 | 2.77 |
| MEDGULF | 20.92 | 9.80 | 2.81 |
| SAUDI RE | 32.51 | 12.52 | 3.42 |
| TAWUNIYA | 141.20 | 29.85 | 4.73 |
| BUPA ARABIA | 173.20 | 34.34 | 5.04 |
| ALRAJHI TAKAFUL | 136.00 | 20.80 | 6.54 |
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}
Most Read
- Tadawul announces listing, trading of Raya Additional Tier 1 Capital Sukuk
- Riyadh Cement starts pilot ops at waste heat power recovery project
- Several firms working on IPOs on Saudi market: Report
- WAJA renews SAR 20M credit facility deal with SNB
- 2025 actual budget: Revenues hit SAR 1.1T, spending at SAR 1.38T
Comments Analysis: