Saudi Reinsurance posts 32.59945 million riyals net profit in third quarter
Saudi Reinsurance reported third-quarter net income of 32.59945 million riyals and insurance revenue of 813.14683 million riyals, according to Reuters.
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what happened
Saudi Reinsurance reported third-quarter net income attributable to shareholders of 32.59945 million Saudi riyals, according to Reuters. Its insurance revenue for the period came to 813.14683 million riyals.
Reinsurance revenue rose, while other operating expenses and net insurance finance expenses declined. At the same time, net reinsurance results and net investment profit fell.
The company said its business growth was in line with its strategy and business plan.
why it matters
The report from this smaller reinsurer matters mainly to shareholders and sector investors. The mixed picture, with revenue growing while investment income fell, suggests profitability depends not only on the insurance book but also on the returns on the company's assets.
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- Saudi Reinsurance Q3 Net Income SAR 32.59945 Million — Reuters, 1 November 2026 at 05:34 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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