Magazine date:
Apr 2024 
According to Badri Management Consultancy, the 25 insurance companies listed on the Saudi stock exchange closed the 2023 financial year with a 27% increase in insurance revenue. The figure jumped from 45 billion SAR (12 billion USD) as at 31 December 2022 to 57 billion SAR (15.2 billion USD) a year later.
The net profit amounted to 3.25 billion SAR (866.1 million USD), against 263 million SAR (70 million USD) at the end of 2022.