Saudi Reinsurance Company · TADAWUL:8200
Saudi Reinsurance — Fact Sheet (January 2025)
11 slides from Saudi Reinsurance's fact sheet, January 2025
Slide 1: Public Investment Fund (PIF) Investment in Saudi Re
PUBLIC INVESTMENT FUND (PIF) INVESTMENT IN "SAUDI RE"
Slide 2: Brief on the Transaction
2 / 11 www.saudi-re.com BRIEF ON THE TRANSACTION The General Assembly of the Company approved on 24/12/2024 the Board of Directors' recommendation to increase the company's capital by 30% through issuing new ordinary shares with suspension of pre-emptive rights. The Public Investment Fund (PIF) will
Slide 3: Developing a Strong National Reinsurer
3 / 11 www.saudi-re.com DEVELOPING A STRONG NATIONAL REINSURER Supporting Local Content through the retention of reinsurance premiums within the Kingdom and increasing its value to the national economy, while promoting industry localization, developing national economy, while promoting industry loca
Slide 4: A Promising Industry
4 / 11 www.saudi-re.com A PROMISING INDUSTRY Considered among the world's fastest-growing markets, the Saudi insurance market is the largest in the Middle East in terms of gross written premiums, The largest market ranking 35th globally. Furthermore, the Saudi insurance sector holds great in the Mid
Slide 5: Strategy Brief
5 / 11 www.saudi-re.com STRATEGY BRIEF Vision To evolve into a large and diversified reinsurer contributing to the growth of our economy and be ranked among the Top 50 global reinsurers.
Slide 6: Strategic Initiatives
6 / 11 www.saudi-re.com STRATEGIC INITIATIVES Support Saudi Vision 2030 and de-risking economi growth. • Capitalizing on the growth poten- tial of the Saudi economy and leveraging our advantageous Play an anchor role in increased domestic market retention presence in the Kingdom to: and absorption o
Slide 7: About Saudi Re
7 / 11 www.saudi-re.com ABOUT SAUDI RE Saudi Re is the only specialized reinsurance company in Saudi Arabia which operates in more than 40+ countries across the Middle East, Asia, Africa and Lloyd›s Market in the UK through it’s HO in Riyadh and through it’s Labuan KL branch. The Company operates un
Slide 8: International Presence in More Than 40 Markets; Underwriting Portfolio Overview
8 / 11 www.saudi-re.com INTERNATIONAL PRESENCE IN MORE THAN 40 MARKETS In the Middle East, Asia, Africa and Lloyd's in the UK UNDERWRITING PORTFOLIO OVERVIEW Total Assets Gross Written Premium (GWP) Million Riyals Million Riyals 76 124 474 792 935 1,116 1,403 1,697 1,939 2022 2023 9M 2024 2019 2020
Slide 9: Financial Strength Rating
9 / 11 www.saudi-re.com FINANCIAL STRENGTH RATING Reflecting Competitive Advantages and Solid Financial Position A- Stable S&P noted that Saudi Re has continued to strengthen its competitive position via profitable business growth and diversification in recent years, thanks to local and internationa
Slide 10: Strategic Milestones
10 / 11 www.saudi-re.com STRATEGIC MILESTONES Steady Growth Trajectory IPO | EXPANDED IN EXPANDED FIRST BRANCH INVESTING IN 60% EXCEEDING 1B A- RATING 30% CAPITAL INCREASE BY MENA BBB+ IN ASIA OUTSIDE KSA LLOYDS INTERNATIONAL GWP BY S&P COMPLETING A DEAL SUBSCRIPTION (MALAYSIA) PROBITAS BUSINESS WIT
Slide 11: Under the supervision of Insurance Authority
Under the supervision of Insurance Authority License No. TMN/20087/17
Saudi Reinsurance Company — Fact Sheet (January 2025) on 6ix