Saudi Reinsurance Company

Saudi Reinsurance Company

TTADAWUL:8200
24.40
SAR
-0.92
(-3.63%)
1.27EPS
20.29P/E
4.32BMarket Cap
Oct 29Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
3.9
5.97
5.63
8.92
5.12
7.15
5.42
5.88
10.07
5.27
6.72
7.35
7.46
12.05
Basic EPS, GAAP
-1.12
0.12
- -
0.15
0.3
0.01
0.35
0.39
0.43
0.59
1.4
3.69
0.84
1.27
Free Cash Flow per Basic Share
0.25
0.19
-0.34
0.38
-0.16
-1.53
-0.19
0.11
4.55
0.55
-0.11
1.42
1.54
1.4
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
9.22
9.17
9
9.04
9.3
9.35
9.82
10.36
10.72
11.42
12.87
18.09
13.1
14.1
Tangible Book Value per Share
9.22
9.17
9
9.04
9.3
9.35
9.82
10.36
10.72
11.42
12.8
18.02
13.07
14.06
Basic Weighted Avg Shares
89
89
89
128
129
89
129
116
89
129
89
129
167
168
Sales/Revenue/Turnover
347
532
502
1,146
659
637
699
684
897
678
599
946
1,249
2,025
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
1
3
3
3
3
2
2
2
3
3
3
3
3
- -
Net Income, GAAP
-100
11
- -
20
39
1
45
46
38
76
124
475
140
214
Effective Tax Rate (%)
- -
- -
- -
- -
- -
94.03
23.39
24.34
28.15
16.72
21.53
6.11
26.54
19.64
Profit Margin (%)
-28.69
2.04
0.07
1.71
5.96
0.13
6.5
6.72
4.27
11.22
20.77
50.19
11.22
10.55
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
- -
- -
- -
- -
- -
- -
- -
23
57
57
57
57
57
57
Total Equity
822
817
802
805
829
833
875
923
955
1,017
1,147
1,612
2,192
2,359
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
1.32
0.04
2.43
4.8
0.1
5.32
5.04
3.91
7.39
11.04
33.06
7.15
9.34
Return on Common Equity (%)
-11.32
1.32
0.04
2.43
4.8
0.1
5.32
5.11
4.08
7.71
11.5
34.42
7.36
9.54

Capital Structure

SAR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
57
57
57
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
167
167
167
Market Capitalization
4,487
4,116
4,317

Working Capital

SAR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
141
34
709
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

SAR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.36%
19.84%
35.96%
Free Cash Flow
82.13%
181.22%
40.55%
Net Income, GAAP
1,108.35%
71.33%
-70.51%
Sales/Revenue/Turnover
17.53%
17.01%
31.97%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

SAR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
162
244
461
223
946
2025
275
391
415
345
1,249
2026
471
795
- -
- -
- -

Quarterly Earnings Per Share

SAR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.36
0.49
3.11
- -
3.69
2025
0.21
0.31
0.18
0.13
0.84
2026
0.28
0.69
- -
- -
- -

Quarterly Dividends Per Share

SAR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Ahmed Al-Jabr
Full Time Employees
25
Sector
Finance
Industry
Multi-line insurance
Address
Northern Ring Road Riyadh Riyadh Province Saudi Arabia 13313-6684
IPO Date
Mar 8, 2008
Business
Saudi Reinsurance Company (Saudi Re) is a leading reinsurance provider in the Middle East and North Africa region, offering facultative and treaty reinsurance solutions on proportional and non-proportional bases across property and casualty, life and health, motor, protection, and inherent defects insurance segments; its core products include engineering, fire, marine, general accident, specialty lines such as aviation, energy, agriculture, and political risk coverage, whole account reinsurance, term and credit life, and health insurance. Headquartered in Riyadh, Saudi Arabia, and founded in 2008, the company operates in more than 40 markets spanning the Middle East, Asia, Africa, and the Lloyd's market in the United Kingdom, with international business comprising 53% of its portfolio. Saudi Re maintains a strong financial position with paid-up capital of SAR 1.698 billion, financial strength ratings of A- (positive outlook) from S&P Global and A2 (stable outlook) from Moody's, and serves a diversified client base of insurers seeking risk management solutions. In January 2025, the Public Investment Fund (PIF) acquired a 23.08% stake through a capital increase from SAR 891 million to SAR 1.158 billion, establishing PIF as a strategic partner and bolstering Saudi Re's role as the national reinsurer. In October 2025, Saudi Re further increased its capital by 46.6% to SAR 1.698 billion via bonus shares and retained earnings capitalization, becoming the highest-capitalized listed reinsurer in the Middle East; the company also signed a memorandum of understanding with Saudi Housing Guarantee Services Company (Damanat) in February 2025 for reinsurance collaboration and secured a reinsurance contract with Tawuniya Insurance Company for the Inherent Defects Insurance Pool. These developments support robust growth, with written premiums exceeding SAR 2.3 billion by end-2024, business volume doubling over three years, and net profits rising 20.9% to SAR 52.6 million in Q2 2025.