Saudi Edition 
MENA+ Edition 
Egypt Edition 
UAE Edition 
MENA <> India Corridors 
Logistics (MENA) 
Climate (MENA) 
Share
Read Full Issue 
Saudi Arabia’s ins. sector saw diverging results in 2025 as major players navigated a shift in core underwriting performance and investment volatility. While some firms capitalized on surging health and public sector demand to drive double-digit growth, others faced bottom-line contractions following the normalization of previous one-off gains.
Tawuniya
The Company for Cooperative Ins. (Tawuniya) reported a 7.9% y-o-y rise in net income to SAR 1.1 bn in 2025, it said in a disclosure to Tadawul. Revenues rose 17.1% y-o-y to SAR 21.4 bn, led by health ins. (72%), the public sector (13%), and motor ins. (12%), CEO Othman AlKassabi told Al Arabiya (watch, runtime: 6:30). The motor sector has been facing pricing pressure for two years while health claims have seen an upswing, he said.
Looking ahead: Looking ahead, Tawuniya seeks to maintain or slightly grow its 28% market share within the Kingdom, AlKassabi said. The insurer plans to leverage digital innovation and customer experience improvements to capture a larger slice of a market forecasted to hit SAR 120-140 bn.
Al Rajhi Takaful
Al Rajhi Company for Cooperative Ins. (Al Rajhi Takaful) posted a 36.9% y-o-y increase in net income to SAR 455 mn in 2025, it said in a bourse filing. The growth came on the back of a 120.5% rise in ins. services, despite a 14.8% decrease in net investment income. Revenue declined 1.3% to SAR 5.3 bn, weighed down by lower volumes in property, casualty, and motor lines, partly offset by growth in protection, savings, and health segments.
Saudi Re
Saudi Reins. Co. (Saudi Re) posted a 70.5% y-o-y fall in net income to SAR 140 mn in 2025, largely due to a 71% drop in net investment income after a SAR 365.9 mn one-off capital gain from last year’s Probitas Holdings sale, it said in a Tadawul disclosure. Meanwhile, ins. revenues grew 48% y-o-y to SAR 1.7 bn.
Gulf Ins. Group
Gulf Ins. Group (GIG) saw its net income jump 28.5% y-o-y to SAR 126.2 mn in 2025, bolstered by stronger ins. and investment performance, it said in a disclosure to Tadawul on Thursday. The insurer also reported a 2.8% y-o-y rise in revenues to SAR 1.5 bn, citing growth across its motor and property and casualty segments.
