Moody's: 38B Riyals from Insurance Sectors
Saudi insurance companies’ revenues rose by 14% in the first half of 2026, reaching approximately 38.5 billion riyals, supported by strong growth in vehicle and health insurance. The sector also saw a 13% increase in net profit, amounting to 1.5 billion riyals, as performance improved among medium and small-sized companies that managed to reduce their losses or turn a profit, despite some companies still reporting losses. The top five insurers, particularly Tawuniya and Bupa Arabia, continue to dominate around 59% of the revenues.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)