Saudi Arabia:Top 5 insurers hold steady while overall market sees profit drop

By MEIR team | 05 Apr 2026

source: BADRI

Saudi Arabia Life & Health Property & Casualty Financial Performance

The Saudi insurance industry's profits (after zakat & tax) declined significantly by 36% year-on-year to SAR2.0bn ($533m) in 2025 from SAR3.2bn in 2024, according to BADRI Management Consultancy, an international actuarial and risk management consulting firm.

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