Saudi Reinsurance Co - Company Profile
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Saudi Reinsurance Co (Saudi Re) is a provider of life and non-life reinsurance products. The company provides facultative and treaty reinsurance solutions on both proportional and non-proportional bases. Saudi Re specializes in underwriting across various sectors, including engineering, property, marine, casualty, motor, retro, and life & medical. The company serves a diverse clientele, offering reinsurance services to various clients, spanning industries such as insurance and protection. Saudi Re collaborates with a network of approved brokerage firms to deliver its services. Its geographic presence includes markets in Asia, Africa, the Middle East, and other territories. Saudi Re is headquartered in Riyadh, Saudi Arabia.
Headquarters
Saudi Arabia
Address
Northern Ring Rd, Al Wadi, Riyadh, 11313
Website
saudire.net
Telephone
966 1 15102000
Industry
Financial Services
Ticker Symbol & Exchange
8200 (SAU)
Revenue (2024)
$450.9M
10.1%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-70.5%
(2024 vs 2023)
Market Cap*
$1.2B
Net Profit Margin (2024)
XYZ
-73.2%
(2024 vs 2023)
* As of and is in US$
Saudi Reinsurance Co premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| ReInsurance: | Claims Management |
| Life | Underwiting |
| Medical | Reinsurance |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Contracts/Agreements | In January, the company announced an agreement with Aviva Insurance Limited for the sale its entire 49.9% stake in Probitas Holdings (Bermuda) Limited including its subsidiaries, for a consideration of GBP 120 million. |
| 2025 | Contracts/Agreements | In January, the company signed a reinsurance contract with Walaa Cooperative Insurance Company, for surety insurance bond coinsurance program. |
| 2025 | Acquisitions/Mergers/Takeovers | In January, PIF acquired a 23.08% stake in the company. |
Competitor Comparison
| Key Parameters | Saudi Reinsurance Co | The Company for Cooperative Insurance | The Mediterranean and Gulf Cooperative Insurance and Reinsurance Co | Walaa Cooperative Insurance Co | United Cooperative Assurance Co |
|---|---|---|---|---|---|
| Headquarters | Saudi Arabia | Saudi Arabia | Saudi Arabia | Saudi Arabia | Saudi Arabia |
| City | Riyadh | Riyadh | Riyadh | Al-Khobar | Jeddah |
| State/Province | Riyadh | Riyadh | Riyadh | Eastern Province | Riyadh |
| No. of Employees | - | 2,252 | - | - | - |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Abdulltaif Al Fouzan | Chairman | Executive Board | 2023 | - |
| Turki Al Sudairy | Vice Chairman | Executive Board | 2023 | - |
| Ahmed Al-Jabr | Chief Executive Officer | Senior Management | - | - |
| Waleed Bin Ateeq | Chief Financial Officer | Senior Management | - | - |
| Isa Ebrahim Ali | Chief Operating Officer | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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