Saudi Reinsurance Company (Saudi Re) has announced its financial results for the year ended 31 December 2025, reporting net profits after zakat of SAR140m ($37.4m).
The figure represents a 71% decrease compared to SAR475m for 2024. The prior-year net profits included exceptional capital gains of SAR365.9m. Excluding the non-recurring gains recorded in 2024, the company’s profit grew by 28%, supported by a balanced contribution from underwriting performance and investment income.
Saudi Re also reported a 48% increase in revenue to SAR1.67bn, compared to the previous year. This growth was supported by expansion across multiple business lines, both domestically and internationally.
Furthermore, Gross Written Premiums (GWP) increased by 24% to SAR2.9bn, compared to SAR2.36 bn in 2024.
Saudi Re CEO Mr Ahmed Al-Jabr said, “We continue to deliver sustainable profitable growth, driven by strong underwriting performance, while achieving a record Gross Written Premiums, with the company’s business volume doubling over the past three years.” He added: “Our ambitious strategy focuses on reinforcing our leadership in the Middle East and supporting the Kingdom’s insurance sector by increasing the insurance capacity, enhancing premium retention, and contributing to the development of innovative insurance products, fully aligned with the National Insurance Strategy.”
Saudi Re increased its capital by 90% in 2025 to reach SAR1.69bn, following the Public Investment Fund’s entry as a strategic partner, in addition to distributing bonus shares. This made Saudi Re the highest capitalized company in the insurance sector on the Saudi Stock Exchange and in the reinsurance sector across the Middle East.