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Saudi Reinsurance profits rise 118.4% in Q2

Saudi Reinsurance profits rise 118.4% in Q2

The results of Saudi Reinsurance Company showed a 118.4% increase in its profits for the second quarter of 2026, recording a net profit after Zakat of 114.84 million SAR compared to 52.58 million SAR in the same period of the previous year. This growth was driven by a 69% rise in reinsurance income, a non-recurring reversal of accumulated surplus amounting to 53.5 million SAR, and a net income from reinsurance financing totaling 8.3 million SAR. For the first half of 2026, net profit increased by 83.6% to reach 161.56 million SAR, with insurance revenues up by 70.9% to 1.26 billion SAR, and equity improved by 11.2% to 2.36 billion SAR, reflecting a strong performance and an ongoing growth plan for the company.

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