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Saudi Re has released its key business indicators for the first three quarters of 2025.
Insurance revenue rose by 45% year-on-year to 1.2 billion SAR (319.8 million USD), while gross written premiums increased by 35% to 2.6 billion SAR (692.9 million USD).
The Saudi reinsurer posted a net profit of 118.8 million SAR (31.7 million USD) for the first three quarters of the current financial year, marking a 75% decline from 475 million SAR (126.5 million USD) in the same period last year. This drop was largely due to exceptional capital gains of 365.9 million SAR (97.5 million USD) recorded from the sale of its stake in Probitas Holdings at end-September 2024.
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