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Saudi Reinsurance Company (Saudi Re) has recorded a 45% turnover increase in the first half of 2021 to reach 955 million SAR (254.311 million USD).
At the end of June 2021, the net profit before zakat (tax) has increased by 89% to 36.5 million SAR (9.71 million USD) against 19.3 million SAR (5.14 million USD) during the same period of the previous year.
This growth is mainly due to a 40% improvement in the net earned premiums and a 29% improvement in the net investment income.
The incurred losses stand at 254.4 million SAR (67.74 million USD) as at 30 June 2021 compared to 159.7 million SAR (42.5 million USD) a year earlier.