Saudi Reinsurance Company · TADAWUL:8200
Saudi Reinsurance — H1 2025 Earnings Presentation
21 slides from Saudi Reinsurance's earnings presentation, August 2025
Slide 1: 1H 2025 Investor Presentation
1H 2025 Investor Presentation Saudi Reinsurance Company TASI 8200 RIC 8200.SE ISIN SA1210540419 Saudi Re IR App : Restricted Restricted-3 3
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 PIF Portfolio Co. Riyadh Branch 40+ Countries Ranks 1st MENA Reinsurance Malaysia 3 Restricted Restricted-3 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: Value Drivers 1H 2025
Value Drivers 1H 2025 NET PROFIT GROSS WRITTEN PREMIUM REINSURANCE REVENUE REINSURANCE SERVICE RESULTS 1H 2025 17% 1H 2025 44% 1H 2025 53% 1H 2025 10% SR 87.99 million SR 2.09 billion SR 738.18 million SR 95.64 million 1H 2024 – SR 75.28 million 1H 2024 – SR 1.44 billion 1H 2024 – SR 482.69
Slide 8: Saudi Re 1H 2025 Results Highlights
Saudi Re 1H 2025 Results Highlights Financial & Strategic Performance Update Value Creation for ▪ Robust Financial Growth: Revenues surged 53% year-on-year to SAR 738 million, driven by continued expansion across business lines. Net profit after Zakat rose 17% to SAR 88 million, with Q2 alone contri
Slide 9: Strategy Toward 2028
Strategy Toward 2028 Restricted Restricted-3 3
Slide 10: Saudi Re's strategy: domestic opportunity combined with international diversification across 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: 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 12: Financial Performance
Financial Performance Restricted Restricted-3 3
Slide 13: 1H 2025 Income Statement & Key Ratios
1H 2025 Income Statement & Key Ratios SAR Million 1H’25 1H’24 % Reinsurance revenue 738.18 482.69 52.93% Reinsurance service expenses (574.89) (296.19) 94.10% Change Net expenses from retrocession contracts (67.65) (99.42) -31.96% 1H’25 1H’24 (PP) Reinsurance service result 95.64 87.08 9.83% Key Rat
Slide 14: Sustainable Track Record of Profitable Growth
Sustainable Track Record of Profitable Growth Gross Written Premium (IFRS 4) SR ‘M CAGR 26% 2,359 45% 2,088 1,597 1,446 1,403 1,381 1,115 1,143 935 783 788 717 346 482 814 978 729 945 588 633 615 2020 2021 2022 2023 2024 1H 2024 1H 2025 International KSA Net Profit After Zakat SAR M Reinsurance Se
Slide 15: Reinsurance Revenue & Service Results by Segment & GEO 1H 2025
Reinsurance Revenue & Reinsurance Service Results by Segment & GEO 1H 2025 Reinsurance Revenue by Segment Reinsurance Service Results by Segment 738.19 (SAR Mn.) (SAR Mn.) 29.8 4.0% 95.6 482.7 87.1 6.3 6.5% 5.4 6.2% 26.1 5.4% 708.3 95.9% 456.6 94.5% 81.7 89.4 93.5% 93.8% 1H 2024 1H 2025 P&C Life & H
Slide 16: Investment Performance
Investment Performance Restricted Restricted-3 3
Slide 17: Investments Q2 2025
Investments Q2 2025 Quality Investment Assets and Robust Returns Shareholders’ Funds Policyholders’ Funds Total Portfolio (SAR Mn.) 1200 Total Portfolio (SAR Mn.) 1957.17 1031.10 1008.57 2000 1000 0 0 52.81 356.4 232 1390.80 800 759.44 1500 642.77 46 0 981.75 560.2 1012.91 8.7 600 105.33 870 920.2 9
Slide 18: Investments Q2 2025
Investments Q2 2025 Quality Investment Assets and Robust Returns Total Investments (SAR Mn.) 2,965.75 3,000.00 0 74.59 2,421.90 0 2,500.00 8.70 1,213.85 0 0 2,000.00 1,772.35 1,575.66 1,204.10 1,480.40 208.99 1,500.00 156.8 8.30 0 1,240.00 163.9 0 383.49 0 50.53 147 91.6 540.66 1,000.00 00 317.00 53
Slide 19: Investment Maturity Q2 2025
Investment Maturity Q2 2025 Flexible and Diversified Profile Policyholders Investments Shareholder Investments Total Investments Listed Equity, 2.5% Listed Daily Liquidity (incl Listed Equity, 2.7% Daily Liquidity 8-10yrs, 0% >10 yrs, 0.0% Equity, 2% cash), 16% >10 yrs, 0% Daily Liquidity (incl (inc
Slide 20: 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 21: Thank You
Thank You Investor Relations Department: Invest@saudi-re.com +966 11 510 2000 Ext: 181 Saudi Re Director’s Report 2024 Restricted Restricted-3 3
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