Al Rajhi Takaful: 2023 results

Al Rajhi Takaful has published its annual results for 2023 in accordance with IFRS 17 accounting standards.

Insurance revenue has increased from 2.935 billion SAR (781.6 million USD) in 2022 to 4.236 billion SAR (1.1 billion USD) at the end of the year, representing a 44.37% growth.

Gross written premiums climbed by 73.6% to 6.023 billion SAR (1.6 billion USD).

The net result amounted to 328.061 million SAR (87.4 million USD) against 72.391 million SAR (19.2 million USD) during the same period of 2022.

Shareholders' equity rose by 28.2% to 1.726 billion SAR (460 million USD).