Saudi Reinsurance Company · TADAWUL:8200
Saudi Reinsurance — Investor Presentation (2026)
24 slides from Saudi Reinsurance's investor presentation, Apr 1, 2026
Slide 1: Year End 2025 Investor Presentation
Year End 2025 Investor Presentation Saudi Reinsurance Company TASI 8200 RIC 8200.SE ISIN SA1210540419 Saudi Re IR App :
Slide 2: Anchored for Ambition
Anchored for Ambition Building on our foundation as the Kingdom’s National Champion, Saudi Re has evolved into the largest and one of the fastest-growing reinsurers in the region. Our growth trajectory, defined by “Strategy Towards 2028,” is a commitment to the ambitions of Saudi Vision 2030. Driven
Slide 3: Solid Performance and Promising Prospects
Solid Performance and Promising Prospects Key Messages Key highlights ▪ Significant gross premium growth at 24% y-o-y, and revenue growth by 48% y- Sustained Revenue o-y, outpacing strategy targets 1 Scaling and ▪ Focus on core markets while ensuring profitability and portfolio balance SAR 2.9 B Gro
Slide 4: Sustained Revenue Scaling and Diversification
1 Sustained Revenue Scaling and Diversification GWP experienced a strong growth in KSA Geographical diversification and Middle East 2025 Highlights GWP evolution by geography GWP Diversification • Executed 2 capital increase in 2025 increasing the capital by 90% (2020-2025, SAR M) (2023-2025, SAR M)
Slide 5: Profitability and financial soundness: Solid performance
Profitability and financial soundness 2 Solid performance Sustaining Bottom Line Growth Improving the Operational Performance Comments Net profit after Zakat and Tax Reinsurance Service Result ▪ Saudi Re delivered a strong overall performance (2022-2025, SAR M) (2022-2025, SAR M) in 2025, with y-o-y
Slide 6: Value Drivers YE 2025
Profitability and financial soundness 2 Value Drivers YE 2025 GROSS WRITTEN PREMIUM RI REVENUE RI SERVICE RESULTS YE 2025 – SR 2.93B 24% YE 2025 – SR 1,672.50M YE 2025 – SR 170.73M 48% 20% YE 2024 – SR 2.36B YE 2024 – SR 1,129.97M YE 2024 – SR 142.53M NET PROFIT COMBINED RATIO G&A RATIO YE 202
Slide 7: Solid Capital and Solvency Position
Profitability and financial soundness 2 Solid Capital and Solvency Position Capital Solvency Credit Rating Comments Doubled in one year Solid margins above regulatory Improved Credit Rating 2024-2025, SAR Billion requirements 2025 Saudi Re is the highest-capitalized insurance X90% 2025, Solvency % c
Slide 8: Strong Growth Prospects: Favorable domestic market, expanding reinsurance opportunities
Strong Growth Prospects 3 Favorable domestic market, expanding reinsurance opportunities National Insurance Strategy Full potential of KSA GWP growth 72 strategic initiatives have been identified across 8 main programs, in addition (2025A, 2030F, SAR B) to enabling programs, to achieve sector-wide i
Slide 9: Saudi Re has proven a strong ability to outperform its strategic ambition
Saudi Re has proven a strong ability to outperform its strategic ambition Capitalizing on the o Supporting Saudi vision 2030, strengthening and de-risking growth potential of the businesses and key projects in KSA Saudi economy and o Play an anchor role in increased domestic market retention and lev
Slide 10: Profile
Profile
Slide 11: Saudi Re Profile
Saudi Re Profile SAR 1st Saudi 2008 1,698.1 A2/A- Established Mn. Rating by Reinsurer Capital Moody’s / S & P Head Office PIF Portfolio Co. Riyadh Branch 40+ Countries Ranks 1st MENA Reinsurance Malaysia & India 11 Restricted Restricted-3 3 www.saudi-re.com
Slide 12: Financial Strength Rating
Financial Strength Rating Reflecting Competitive Advantages and Solid Financial Position A-, Positive Outlook A2 Stable, Upgraded in April 2025 The financial rating of Saudi Re reflects: The A2 IFSR of Saudi Re reflects : • Strong competitiveness over the past two years, fueled by the • Strengthened
Slide 13: Shariyah Compliant
Shariyah Compliant Shariyah Review Bureau 13 Restricted Restricted-3 3 www.saudi-re.com
Slide 14: Saudi Re Growth Journey
Saudi Re Growth Journey A2 Rating Bbb+ Rating Restructuring Enhance Lloyd’s Investing in 60% Capital MoU By Moody’s By S&P Reserves Participation Lloyd’s Probitas International Increase with PIF Holdings Business by 10% A- Rating with bonus positive outlook by shares S&P 2008 2009 2010 2011 2012 201
Slide 15: Financial Performance
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Slide 16: YE 2025 Income Statement & Key Ratios
YE 2025 Income Statement & Key Ratios SAR Million YE’25 YE’24 % Reinsurance revenue 1,672.50 1,129.97 48% Reinsurance service expenses (1,468.14) (987.82) 49% Change Net expenses from retrocession contracts (33.63) 0.39 YE’25 YE’24 (PP) Reinsurance service result 170.73 142.53 20% Key Ratios Finance
Slide 17: Sustainable Track Record of Profitable Growth
Sustainable Track Record of Profitable Growth Gross Written Premium SR ‘M CAGR 26% 2,927 2,359 24% 1,403 1,597 1,878 935 1,115 1,379 788 783 346 482 814 980 1,049 588 633 615 2020 2021 2022 2023 2024 2025 International KSA Net Profit After Zakat SAR M Reinsurance Service Result SAR M 20% 474.8
Slide 18: Reinsurance Revenue & Service Results by Segment & GEO YE 2025
Reinsurance Revenue & Reinsurance Service Results by Segment & GEO YE 2025 Reinsurance Revenue by Segment Reinsurance Service Results by Segment 1,672.5 (SAR Mn.) (SAR Mn.) 170.7 70.8 4.3% 9.3 5.5% 142.5 1,129.9 11.4 7.9% 48.2 4.3% 1,601.7 95.7% 161.4 94.5% 1,081.7 131.2 92.1% 95.7% YE 2024 YE 2025
Slide 19: Investment Performance
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Slide 20: Investments 2025
Investments 2025 Quality Investment Assets and Robust Returns Shareholders’ Funds Total Portfolio (SAR Mn.) Policyholders’ Funds Total Portfolio (SAR Mn.) Money Market Fixed Income Global Equities GCC/Saudi Equities Others 2500 1400 Money Market Fixed Income GCC/Saudi Equities 1,195.08 2046.79 1200
Slide 21: Investments 2025
Investments 2025 Quality Investment Assets and Robust Returns (SAR Mn.) Total Investments Money Market Fixed Income Global Equities GCC/Saudi Equities Others 3,500.00 3,241.87 130.49 3,000.00 0 2,421.90 2,500.00 1,392.83 8.70 2,000.00 1,772.35 1,575.66 1,204.10 1,480.40 208.99 1,500.00 50.53 156.8 8
Slide 22: Investment Maturity 2025
Investment Maturity 2025 Flexible and Diversified Profile Policyholders Investments Shareholder Investments Total Investments Listed Equity, Daily >10 yrs, 4.4% Liquidity 0.3% 8-10yrs, Listed >10 yrs, 0.0% 0.4% Daily (incl cash), 8-10yrs, Listed Equity, 3.4% Liquidity 12.3% 4.2% Equity, 4.0% Daily L
Slide 23: Disclaimer
Disclaimer This presentation has been prepared by the management of This presentation may include forward-looking statements obligation or undertaking to review, update or release any Saudi Reinsurance Co “Saudi Re” (“The Company”). It does that reflect the Company's intentions, beliefs or current u
Slide 24: Thank You
Thank You Investor Relations Department: Invest@saudi-re.com +966 11 510 2000 Ext: 181 Saudi Re Director’s Report 2025
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