Saudi Re: results for the first three quarters of 2024

For the nine months ended 30 September 2024, Saudi Re generated insurance revenue of 824.2 million SAR (219.6 million USD), up 66.84% on the 494 million SAR (131.6 million USD) recorded a year earlier.

Net profit after zakat (Islamic tax) jumped by 351% over one year to 475 million SAR (126.5 million USD).

During the reporting period, the company's shareholders' equity stood at 1.615 billion SAR (430.3 million USD), representing a 43.5% increase on the 1.125 billion SAR (300 million USD) posted for the same period of 2023.

Gross written premiums progressed by 25% to reach 1.94 billion SAR (516.8 million USD).