English
Français
Top 30 insurance companies in Saudi Arabia: ranking 2019
June 29, 2020
In thousands
| Rank 2019 | Companies | 2019 turnover | 2018-2019 evolution (1) | 2019 shares | |
|---|---|---|---|---|---|
| In SAR | In USD | ||||
| 1 | Bupa Arabia | 10 410 870 | 2 772 520 | 28.19% | 27.48% |
| 2 | Tawuniya | 8 375 860 | 2 230 580 | 22.68% | 22.11% |
| 3 | AlRajhi Takaful | 2 569 800 | 684 370 | 6.96% | 6.78% |
| 4 | Medgulf | 2 421 280 | 644 810 | 6.56% | 6.39% |
| 5 | AXA Cooperative | 1 409 780 | 375 440 | 3.82% | 3.72% |
| 6 | Walaa | 1 215 390 | 323 670 | 3.29% | 3.21% |
| 7 | Allianz Saudi Franzi | 1 011 670 | 269 420 | 2.74% | 2.67% |
| 8 | Al Etihad (Ex. Trade Union) | 861 940 | 229 540 | 2.33% | 2.28% |
| 9 | Malath Insurance | 835 240 | 222 430 | 2.26% | 2.20% |
| 10 | SAICO | 834 340 | 222 190 | 2.26% | 2.20% |
| 11 | Wataniya | 735 040 | 195 750 | 1.99% | 1.94% |
| 12 | Gulf Union | 558 800 | 148 810 | 1.51% | 1.47% |
| 13 | Arabian Shield | 543 720 | 144 800 | 1.47% | 1.43% |
| 14 | ACIG | 529 350 | 140 970 | 1.43% | 1.40% |
| 15 | Salama | 503 500 | 134 090 | 1.36% | 1.33% |
| 16 | Sagr Cooperative | 455 700 | 121 360 | 1.23% | 1.20% |
| 17 | UCA | 420 290 | 111 930 | 1.14% | 1.11% |
| 18 | Saudi Solidarity Takaful | 391 020 | 104 130 | 1.06% | 1.03% |
| 19 | Arabia Insurance Cooperative | 332 420 | 88 530 | 0.90% | 0.88% |
| 20 | Alimna Tokio Marine | 331 140 | 88 190 | 0.90% | 0.87% |
| 21 | Buruj | 305 540 | 81 370 | 0.83% | 0.81% |
| 22 | Gulf General | 279 690 | 74 480 | 0.76% | 0.74% |
| 23 | Chubb Arabia | 258 220 | 68 770 | 0.70% | 0.68% |
| 24 | Amana Cooperative | 248 050 | 66 060 | 0.67% | 0.65% |
| 25 | Ahli Takaful | 238 840 | 63 610 | 0.65% | 0.63% |
| 26 | Alamiya (RSA) | 219 940 | 58 570 | 0.60% | 0.58% |
| 27 | Ahlia Cooperative | 192 250 | 51 200 | 0.52% | 0.51% |
| 28 | Sabb Takaful | 155 150 | 41 320 | 0.42% | 0.41% |
| 29 | Saudi Enaya | 154 030 | 41 020 | 0.42% | 0.41% |
| 30 | Al Jazirah Takaful | 130 280 | 34 700 | 0.35% | 0.34% |
| Total top 30 insurers | 36 929 140 | 9 834 630 | 8.57% | 97.46% | |
| Rest of the market (2) | 961 360 | 255 970 | -3.85% | 2.54% | |
| Grand total | 37 890 500 | 10 090 600 | 8.21% | 100% | |
(1) Growth rate in local currency
(2) Two companies
Exchange rate as at 31/12/2019 : 1 SAR = 0.26631 USD ; at 31/12/2018 : 1 SAR = 0.26621 USD
Sources: Companies’reports, Saudi Arabian Monetary Authority and tadawul.com.sa