Saudi Re reports SAR 140 million in profit with 48% increase in revenue during 2025.

Saudi Reinsurance Company “Saudi Re” announced its financial results for the year ending on 31/12/2025, reporting a 48% increase in revenue to SAR 1.67 billion, compared to the same period of the previous year.  This growth was supported by expansion across multiple business lines both domestically and internationally.

The Company recorded net profit after Zakat of SAR 140 million, representing a 71% decrease compared to SAR 475 million for the same period last year. The prior-year period included exceptional capital gains of SAR 365.9 million.

Excluding the non-recurring gains recorded in 2024, the Company’s profit grew by 28%, supported by a balanced contribution from underwriting performance and investment income. Furthermore, Gross Written Premiums (GWP) increased by 24% to SAR 2.9 billion, compared to SAR 2.36 billion for the corresponding period of the previous year. 

Ahmed Al-Jabr, CEO of Saudi Re, commented: “We continue to deliver sustainable profitable growth, driven by strong underwriting performance, while achieving a record Gross Written Premiums, with the Company’s business volume doubling over the past three years.”  He added: “Our ambitious strategy focuses on reinforcing our leadership in the Middle East and supporting the Kingdom’s insurance sector by increasing the insurance capacity, enhancing premium retention, and contributing to the development of innovative insurance products, fully aligned with the National Insurance Strategy.”

Saudi Re continued to strengthen its financial position by increasing its capital by 90% in 2025 to reach SAR 1.7 billion, following the Public Investment Fund’s entry as a strategic partner, in addition to distributing bonus shares. This made Saudi Re the highest capitalized company in the insurance sector on the Saudi Stock Exchange and in the reinsurance sector across the Middle East.

The Company’s strong operational and financial performance also reflected positively on its credit ratings, leading to rating upgrade by Moody’s to “A2” with a stable outlook, and affirmation from Standard & Poor’s at “A-” with revised outlook from stable to positive.

Saudi Reinsurance Company “Saudi Re”, a PIF portfolio company, is listed on the Saudi Exchange and is one of the leading reinsurance companies in the region, with a capital of SAR 1.69 billion. The Company operates under the supervision of the Saudi Arabian Insurance Authority and has a presence in more than 40 markets across the Middle East, Asia, and Africa through its headquarters in Riyadh and its branches in Malaysia and India.