Saudi Re: 2022 results

Saudi Re has ended the year 2022 with a 25.75% increase in its turnover. The latter went from 1.116 billion SAR (297.2 million USD) on 31 December 2021 to 1.403 billion SAR (373.6 million USD) one year later.

The net profit before zakat (tax) progressed by 6.43% to reach 56.744 million SAR (15.1 million USD). This performance was mainly driven by the improvement in net earned premiums.

During the period under consideration, the incurred losses amounted to 595.044 million SAR (158.5 million USD), up by 5.26%.

The company's shareholders' equity stood at 1 billion SAR (266.3 million USD).