Saudi insurers’ H1 net profit rises 13% on stronger underwriting, investment income
- Saudi insurers' aggregate net profit rose 13% to SR1.5 billion ($400 million) in H1 2026, driven by improved underwriting and investment income.
- Insurance revenue for 24 listed companies increased by 14% to nearly SR38.5 billion, largely supported by growth in motor and medical insurance.
- The overall sector recorded gross written premiums of SR84.3 billion in 2025, with health and motor insurance contributing to 89% of premium growth.
- Mid-sized and smaller insurers saw significant recovery, while the top five insurers reported stable aggregate earnings of around SR1.6 billion.
- Investment income surged by 17% to SR1.4 billion, with all five largest insurers showing year-on-year growth in this area.
- Concerns over capital strength and solvency remain, especially among smaller insurers, as the sector prepares for a transition to a risk-based capital framework in January 2027.
