Saudi Reinsurance Co. (Saudi Re) reported a net profit of SAR 88 million for H1 2025, up 17% from SAR 75.3 million a year earlier.
Item | 6m 2024 | 6m 2025 | Change |
---|---|---|---|
Gross Written Premium (GWP) | 1,445.92 | 2,088.58 | 44.4 % |
Insurance Revenues | 482.69 | 738.18 | 52.9 % |
Net Profit Before Zakat & Tax | 89.81 | 112.65 | 25.4 % |
Net Income | 75.28 | 87.99 | 16.9 % |
Average Shares | 89.10 | 115.83 | 30.0 % |
Earnings Per Share before unusual items (Riyals) | 0.84 | 0.76 | (10.1 %) |
EPS (Riyal) | 0.84 | 0.76 | (10.1 %) |
The profit increase was driven by higher revenues from business growth in line with the company’s business plan. Reinsurance revenue rose 53% year-on-year (YoY), while the net profit of reinsurance results gained 10% YoY. Net investment income jumped 143% YoY.
The insurer’s Q2 2025 profit rose 20.9% to SAR 52.58, from a net profit of SAR 43.48 million in the prior-year period.
Item | Q2 2024 | Q2 2025 | Change |
---|---|---|---|
Gross Written Premium (GWP) | 254.42 | 346.93 | 36.4 % |
Insurance Revenues | 275.75 | 414.78 | 50.4 % |
Net Profit Before Zakat & Tax | 52.25 | 63.30 | 21.1 % |
Net Income | 43.48 | 52.58 | 20.9 % |
Average Shares | 89.10 | 115.83 | 30.0 % |
Earnings Per Share before unusual items (Riyal) | 0.49 | 0.45 | (7.0 %) |
EPS (Riyal) | 0.49 | 0.45 | (7.0 %) |
Item | Q1 2025 | Q2 2025 | Change |
---|---|---|---|
Gross Written Premium (GWP) | 1,742.00 | 346.93 | (80.1 %) |
Insurance Revenues | 323.40 | 414.78 | 28.3 % |
Net Profit Before Zakat & Tax | 49.35 | 63.30 | 28.3 % |
Net Income | 35.41 | 52.58 | 48.5 % |
Average Shares | 115.83 | 115.83 | - |
Earnings Per Share before unusual items (Riyal) | 0.31 | 0.45 | 48.5 % |
EPS (Riyal) | 0.31 | 0.45 | 48.5 % |
On a sequential basis, Saudi Re’s profit rose 48.5% from SAR 35.41 million in Q1 2025.
Item | 6m 2024 | 6m 2025 | Change |
---|---|---|---|
Gross Written Premium (GWP) | 1,445.92 | 2,088.58 | 44.4 % |
Insurance Revenues | 482.69 | 738.18 | 52.9 % |
Insurance Services Income | 87.08 | 95.64 | 9.8 % |
Investment Income | 27.60 | 67.06 | 143.0 % |
Net Profit of Insurance Services and Investment | 103.27 | 134.29 | 30.0 % |
Total shareholders’ equity, no minority interest, increased to SAR 2.12 billion by the end of the current period, compared to SAR 1.21 billion a year earlier.
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