 | DATE OF CREATION: 2008, Saudi Arabia |
| CLASS OF BUSINESS: Life and non-life |
| MAIN UNDERWRITING ZONES: Africa, Asia and MENA Zone |
| REGIONAL STRUCTURE: Labuan (Malaysia) |
Saudi Re: contact
| Adress: 4130 Northern Ring rd. - Exit 7 P. O. Box 300259 Riyad 11372, Saudi Arabia |
| Tel: +966 11 510 2000 |
| Fax: +966 11 510 2111 |
| Email: info [at] saudi-re [dot] com |
| Website: www.saudi-re.com |
Saudi Re: rating
| Agency | Rating | Outlook |
| Moody’s | A3 | Stable |
| Standard & Poor’s | A- | Stable |
Saudi Re: main indicators
In thousands USD| | 2019 | 2020 | 2021 |
| Turnover | 211 143 | 249 021 | 297 159 |
| Shareholder’s equity | 233 040 | 245 843 | 256 712 |
| Net result | 12 102 | 12 228 | 10 202 |
Saudi Re: turnover by class of business
in thousands USD| | 2021 premiums | In % |
| Fire | 66 028 | 22.22% |
| Health | 35 327 | 11.89% |
| Marine | 29 755 | 10.01% |
| Motor | 25 767 | 8.67% |
| Engineering | 23 571 | 7.93% |
| General accident | 10 716 | 3.61% |
| Others risks (1) | 92 790 | 31.23% |
| Total non life | 283 954 | 95.56% |
| Life | 13 205 | 4.44% |
| Grand total | 297 159 | 100% |
(1) Including special risks
Saudi Re: technical ratios
| | 2019 | 2020 | 2021 |
| Net loss ratio | 64.91% | 58.18% | 66.14% |
| Management expenses ratio | 34.96% | 33.79% | 30.02% |
| Net combined ratio | 99.87% | 91.97% | 96.16% |
Saudi Re: capital and shareholding
| Shareholders | In % |  |
| Ahmad Hamad Al Gosaibi & Brothers co. | 5% |
| Ahmad Mohamed Ahmad Al-Sabbagh | 0.4% |
| Mansour Abdulaziz Rashid Albusaily | 0.07% |
| Mahmoud Jamail Abdulwahab Hassoubah | 0.035% |
| Hesham Abulmalik Abdullah Al Alsheikh | 0.01% |
| Fahad Abdulrahman AlHesni | 0.0015% |
| Stock exchange investment | 94.4835% |
Saudi Re: management
| Hesham Al-Shaikh | Chairman of the board |
| Fahad Al-Hesni | Chief executive officer |
| Nilmin Pieries | Chief financial officer |
| Ahmed Al-Jabr | Chief operating officer |
| Ahmed AL-Qarishi | Chief underwriting officer |
| Fadi AL-Qutub | Chief investment officer |
Exchange rate as at 31/12/2019: 1 SAR = 0.26631 USD ; as at 31/12/2020: 1 SAR = 0.2663 USD ; 31/12/2021: 1 SAR = 0.2663 USD.
