Saudi Re’s net profit increased 20.9% to SAR 52.6m in Q2’25

Saudi Reinsurance Company (Saudi Re) has reported a net profit after zakat attributable to shareholders of SAR 52.6 million for the second quarter of 2025, representing a 20.9% increase compared to the same quarter a year earlier.

The company attributed the increase in net profit to a 28% rise in reinsurance revenue, a 40% increase in net profit from reinsurance results, and a 10% gain in net investment profit.

Net profit from insurance results in Q2’25 totalled SAR 55.8 million, slightly down from SAR 56 million in Q2’24.

Net profit from investment results for the quarter saw a significant 280% increase, rising from SAR 9.3 million to SAR 35.2 million.

Insurance revenues stood at SAR 414.8 million, up 50.4% from SAR 275.7 million.

The result of insurance services was SAR 117.6 million, an 18.9% increase from SAR 98.9 million.

Saudi Re’s total comprehensive income was SAR 52 million, up 40.7% from SAR 37 million.

Gross written premiums for the quarter amounted to SAR 2,089 million, up 45% compared to SAR 1,446 million in Q2’24.