Saudi Reinsurance Company · TADAWUL:8200
Saudi Reinsurance — Investor Presentation (2025)
22 slides from Saudi Reinsurance's investor presentation, May 11, 2025
Slide 1: 2024 Investor Presentation
2024 Investor Presentation Saudi Reinsurance Company TASI 8200 RIC 8200.SE ISIN SA1210540419 Saudi Re IR App :
Slide 2: Soaring with vision, grounded in strength
Soaring with vision, grounded in strength From a foundation of trust and stability built on home soil, Saudi Re has achieved remarkable growth. As we embark on our Strategy Towards 2028, we are confident in our ability to navigate the complexities of a dynamic global reinsurance landscape with agili
Slide 3: Saudi Re Profile
Saudi Re Profile SAR 1st Saudi 2008 1,158.3 A2/A- Established Mn. Rating by Reinsurer Capital Moody’s / S & P Head Office 300+ Clients Riyadh Branch 40+ Countries 41% International B2B Malaysia Business 3 Restricted-3 www.saudi-re.com
Slide 4: Financial Strength Rating
Financial Strength Rating Reflecting Competitive Advantages and Solid Financial Position A- Stable A2 Stable, Upgraded in April 2025 S&P noted that Saudi Re has continued to strengthen its competitive The A2 IFSR of Saudi Re reflects : position via profitable business growth and diversification in r
Slide 5: Saudi Re Geo Presence
Saudi Re Geo Presence International Expansion & Diversification 01 40+ Markets UK 16 Asia Serving clients in Bangladesh 40+ countries in Brunei MENA, Asia and Cambodia China Africa 19 India Indonesia Africa Kazakhstan Malaysia Pakistan Algeria Botswana 09 Philippines Singapore Cameroon Middle East S
Slide 6: Saudi Re Growth Journey
Saudi Re Growth Journey Bbb+ Rating Restructuring Enhance Lloyd’s Investing in 60% Capital MoU A2 Rating By S&P Reserves Participation Lloyd’s Probitas International Increase with PIF By Moody’s Holdings Business by 10% bonus shares 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 20
Slide 7: 2024 marked the achievement of key milestones in Strategy Toward 2028
2024 marked the achievement of key milestones in our focused and forward-looking execution of the Strategy Toward 2028 Value Creation for ▪ Record breaking performance in 2024 driven by underwriting and investment, resulted in profits reaching SAR475 million Shareholders and ROE of 41% and EPS of SA
Slide 8: Value Drivers YE 2024
Value Drivers YE 2024 NET PROFIT GROSS WRITTEN PREMIUM REINSURANCE REVENUE REINSURANCE SERVICE RESULTS YE 2024 281.6% YE 2024 47.5% YE 2024 80.2% YE 2024 18.9% SR 474.8 million SR 2.36 billion SR 1,129.9 million SR 142.5 million YE 2023 – SR 124.4 million YE 2023 – SR 1.60 billion YE 2023 –
Slide 9: 2028 Strategy
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Slide 10: Saudi Re's strategy and 2 pillars
Saudi Re’s strategy will make the best of a very large domestic opportunity, combined with sufficient international exposure to drive diversification across 2 pillars Capitalizing on the o Supporting Saudi vision 2030, strengthening and de-risking growth potential of the businesses and key projects
Slide 11: Global reinsurance sector is projected to remain stable
Global reinsurance sector is projected to remain stable Tailwinds Headwinds ▪ Expected strong operating profits, aiding reinsurers in earning their cost of capital in ▪ Elevated natural catastrophe insured losses influenced by 2024-2025. inflation, urbanization, and climate change. ▪ Robust capitali
Slide 12: Saudi Re's Capital Increase Recommendation
Saudi Re’s Capital Increase Recommendation Overview On March 16, 2025, Saudi Re's Board recommended a capital increase of 46.6%, raising the capital from SAR 1.1583 billion to SAR 1.6981 billion, Benefits • Support the Company's growth and strengthen its financial position. Distribution Detail • A d
Slide 13: Financial Performance
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Slide 14: YOY Income Statement & Key Ratios
YOY Income Statement & Key Ratios SAR Million YE’24 YE’23 % Reinsurance revenue 1,129.97 627.19 80.16% Reinsurance service expenses (987.82) (509.77) 93.78% Net income from retrocession contracts 0.39 2.35 -83.40% YE’24 YE’23 +/- Insurance service result 142.53 119.76 19.01% Key Ratios Finance (expe
Slide 15: Sustainable Track Record of Profitable Growth YE 2024
Sustainable Track Record of Profitable Growth YE 2024 Gross Written Premium (IFRS 4) SR ‘M CAGR 25% 2,359 1,597 1,403 1,381 1,115 771 935 783 482 788 322 346 814 978 470 588 633 615 2019 2020 2021 2022 2023 2024 International KSA Net Profit After Zakat SAR M Reinsurance Service Result SAR M 282% Y
Slide 16: Reinsurance Revenue & Service Results by Segment & GEO
Reinsurance Revenue & Reinsurance Service Results by Segment & GEO Reinsurance Revenue by Segment Reinsurance Service Results by Segment (SAR Mn.) (SAR Mn.) 142.53 1,129.97 119.77 11.37 48.2 8.1 627.19 22.9 1,081.77 131.16 111.67 604.29 2023 2024 2023 2024 P&C Life & Health P&C Life & Health Reinsur
Slide 17: Investment Performance
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Slide 18: Investments 2024
Investments 2024 Quality Investment Assets and Robust Returns Shareholders’ Funds Policyholders’ Funds Total Portfolio (SAR Mn.) Total Portfolio (SAR Mn.) 1390.80 1031.10 0 1012.91 920.2 932.9 759.44 356.4 824 870 847.7 208.99 642.77 46 163.9 156.8 560.2 126.5 147 105.33 337.49 370 98.3 174 317 337.
Slide 19: Investments 2024
Investments 2024 Quality Investment Assets and Robust Returns Total Investments (SAR Mn.) 2,421.90 8.70 0 1,772.35 1,575.66 1,204.10 1,480.40 208.99 156.8 8.30 1,240.00 163.9 50.53 1,161.50 383.49 147 91.6 126.5 0 540.66 20.4 534.70 174.00 317.00 1,171.57 1,209.10 840.60 776.00 827.67 690.20 2019 20
Slide 20: Investment Maturity 2024
Investment Maturity 2024 Flexible and Diversified Profile Policyholders Investments Shareholder Investments Total Investments 8-10yrs, 8% Daily Liquidity (incl cash), 1% Listed Equity, >10 yrs, 0% 0.4% >10 yrs, 0.0% 8-10yrs, 0% Daily Liquidity (incl 5-8 yrs, 11% cash), 7% Daily Liquidity (incl cash)
Slide 21: Disclaimer
Disclaimer This presentation has been prepared by the management of This presentation may include forward-looking statements that revisions to any forward-looking statements in this Saudi Reinsurance Co “Saudi Re” (“The Company”). It does not reflect the Company's intentions, beliefs or current pres
Slide 22: Thank You
Thank You Investor Relations Department: Invest@saudi-re.com +966 11 510 2000 Ext: 181 Saudi Re Director’s Report 2024
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