Insurance companies in Saudi Arabia: ranking

novembre 17, 2025
saudi arabia

In thousands

Companies (1)Turnover 2024Turnover 2023Evolution 2023-2024 (2)Shares 2024
SARUSDSARUSD
Tawuniya19 821 5465 274 31518 359 5204 892 8128.0%26.0%
Bupa Arabia18 394 1324 894 49516 668 7444 442 22010.4%24.2%
Al Rajhi Takaful10 909 0892 902 7996 022 8571 605 09181.1%14.3%
Medgulf3 731 146992 8213 135 525835 61719.0%4.9%
Walaa3 504 512932 5163 346 161891 7524.7%4.6%
Wataniya Insurance1 853 992493 3291 627 878433 83013.9%2.4%
Arabian Shield1 845 233490 9981 297 129345 68542.3%2.4%
Gulf Insurance Group1 463 642389 4601 541 590410 834-5.1%1.9%
Malath Insurance1 406 236374 185870 589232 01261.5%1.9%
Al Etihad Cooperative1 316 812350 3901 481 332394 775-11.1%1.7%
UCA1 156 692307 7841 029 420274 34012.4%1.5%
SAICO1 125 115299 3821 061 781282 9656.0%1.5%
Gulf Union Al Ahlia975 549259 584690 921184 13041.2%1.3%
ACIG844 707224 7681 047 403279 133-19.4%1.1%
Mutakamela Insurance (3)816 261217 199960 945256 092-15.1%1.1%
Arabia Insurance Cooperative617 282164 252923 581246 134-33.2%0.8%
Sagr Cooperative601 792160 131471 495125 65327.6%0.8%
Salama526 570140 115788 970210 261-33.3%0.7%
Liva Insurance477 195126 977522 108139 142-8.6%0.6%
Gulf General441 692117 530330 63988 11533.6%0.6%
Aljazira Takaful Taawuni425 374113 188437 416116 571-2.8%0.6%
Chubb Arabia398 010105 906350 87093 50713.4%0.5%
Buruj Insurance373 74199 449422 801112 677-11.6%0.5%
Saudi Enaya233 80762 214250 02666 632-6.5%0.3%
Amana Cooperative226 21660 194173 57746 25830.3%0.3%
Total73 486 34319 553 98163 813 27817 006 23815.2%96.5%
Rest of the market2 655 357706 5641 645 822438 61261.3%3.5%
Grand total76 141 70020 260 54565 459 10017 444 85016.3%100%

(1) Listed companies
(2) Growth rate in local currency
(3) Ex. Allianz Saudi Fransi
Exchange rate at 31/12/2024: 1 SAR = 0.26609 USD; 31/12/2023: 1 SAR = 0.2665 USD

saudi arabia

In thousands

Companies (1)Turnover 2024Turnover 2023Evolution 2023-2024 (2)Shares 2024
SARUSDSARUSD
Tawuniya19 821 5465 274 31518 359 5204 892 8128.0%26.0%
Bupa Arabia18 394 1324 894 49516 668 7444 442 22010.4%24.2%
Al Rajhi Takaful10 909 0892 902 7996 022 8571 605 09181.1%14.3%
Medgulf3 731 146992 8213 135 525835 61719.0%4.9%
Walaa3 504 512932 5163 346 161891 7524.7%4.6%
Wataniya Insurance1 853 992493 3291 627 878433 83013.9%2.4%
Arabian Shield1 845 233490 9981 297 129345 68542.3%2.4%
Gulf Insurance Group1 463 642389 4601 541 590410 834-5.1%1.9%
Malath Insurance1 406 236374 185870 589232 01261.5%1.9%
Al Etihad Cooperative1 316 812350 3901 481 332394 775-11.1%1.7%
UCA1 156 692307 7841 029 420274 34012.4%1.5%
SAICO1 125 115299 3821 061 781282 9656.0%1.5%
Gulf Union Al Ahlia975 549259 584690 921184 13041.2%1.3%
ACIG844 707224 7681 047 403279 133-19.4%1.1%
Mutakamela Insurance (3)816 261217 199960 945256 092-15.1%1.1%
Arabia Insurance Cooperative617 282164 252923 581246 134-33.2%0.8%
Sagr Cooperative601 792160 131471 495125 65327.6%0.8%
Salama526 570140 115788 970210 261-33.3%0.7%
Liva Insurance477 195126 977522 108139 142-8.6%0.6%
Gulf General441 692117 530330 63988 11533.6%0.6%
Aljazira Takaful Taawuni425 374113 188437 416116 571-2.8%0.6%
Chubb Arabia398 010105 906350 87093 50713.4%0.5%
Buruj Insurance373 74199 449422 801112 677-11.6%0.5%
Saudi Enaya233 80762 214250 02666 632-6.5%0.3%
Amana Cooperative226 21660 194173 57746 25830.3%0.3%
Total73 486 34319 553 98163 813 27817 006 23815.2%96.5%
Rest of the market2 655 357706 5641 645 822438 61261.3%3.5%
Grand total76 141 70020 260 54565 459 10017 444 85016.3%100%

(1) Listed companies
(2) Growth rate in local currency
(3) Ex. Allianz Saudi Fransi
Exchange rate at 31/12/2024: 1 SAR = 0.26609 USD; 31/12/2023: 1 SAR = 0.2665 USD

saudi arabia

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