Financial Results : Saudi Re profit posts SAR 88M profit in H1 2025, Q2 at SAR 52.6M

Saudi Re profit posts SAR 88M profit in H1 2025, Q2 at SAR 52.6M

03/08/2025 Argaam Exclusive

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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.



Financials (M)

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.



Current Quarter Comparison (M)

Compared With The
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 %)

On a sequential basis, Saudi Re’s profit rose 48.5% from SAR 35.41 million in Q1 2025.

Insurance Operations

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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