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Saudi Arabian (Tadawul) Insurance Industry Analysis

UpdatedDec 01, 2021
DataAggregated Company Financials
Companies29
  • 7D3.5%
  • 3M-14.3%
  • 1Y1.7%
  • YTD4.8%

Over the last 7 days, the Insurance industry has risen 3.5%, driven by gains from Bupa Arabia for Cooperative Insurance of 3.4%. Despite this gain, the industry's performance has been flat over the past year.

Industry Valuation and Performance

Has the Saudi Arabian Insurance Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPE
Wed, 01 Dec 2021ر.س54.9bر.س34.0bر.س575.4m31.4x
Fri, 29 Oct 2021ر.س57.4bر.س33.5bر.س897.6m47.6x
Sun, 26 Sep 2021ر.س59.9bر.س33.5bر.س897.6m49.9x
Tue, 24 Aug 2021ر.س62.1bر.س33.5bر.س897.6m50.7x
Wed, 30 Jun 2021ر.س57.5bر.س33.5bر.س897.6m54.3x
Sat, 03 Apr 2021ر.س54.2bر.س32.7bر.س1.5b31.8x
Tue, 05 Jan 2021ر.س52.0bر.س33.4bر.س1.4b26.7x
Fri, 09 Oct 2020ر.س53.5bر.س33.4bر.س1.6b30.8x
Thu, 02 Jul 2020ر.س39.4bر.س33.3bر.س1.6b24.8x
Sun, 05 Apr 2020ر.س32.9bر.س33.5bر.س854.0m34.6x
Wed, 08 Jan 2020ر.س38.7bر.س32.8bر.س893.1m29.5x
Tue, 01 Oct 2019ر.س37.3bر.س32.2bر.س128.6m23.1x
Fri, 05 Jul 2019ر.س36.6bر.س31.8bر.س90.0m17.2x
Mon, 08 Apr 2019ر.س34.6bر.س31.3bر.س268.9m20.1x
Thu, 10 Jan 2019ر.س35.0bر.س31.0bر.س235.1m20.9x
PE Ratio

13.9x

Total Market Cap: ر.س32.7bTotal Earnings: ر.س280.0mTotal Revenue: ر.س31.2b0%0%0%3 Year10 Year
201920202021

Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 29.8x. It appears they believe that earnings will grow in-line with historical growth rates.

Past Earnings Growth: The earnings for companies in the Insurance industry have grown 27% per year over the last three years, and revenues for these companies have grown 2.9% per year. This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Saudi Arabian Insurance industry?

Life and Health Insurance4.55%
General Insurance3.05%
Reinsurance2.63%
Property and Casualty Insurance2.58%

Industry PE: Investors are most optimistic about the Property and Casualty Insurance industry, which is trading close to its 3-year average PE ratio of 75.7x. It looks like they are confident that earnings will grow faster in the future than they have historically. Meanwhile, investors are most pessimistic about the Life and Health Insurance industry. Although, investor sentiment seems to have improved given its trading above its 3-year average of 21.3x.

Forecasted Growth: Analysts are most optimistic on the General Insurance industry, expecting annual earnings growth of 27% over the next 5 years. This is better than its past earnings decline of 15% per year. Meanwhile, the Life and Health Insurance industry is expected to see its earnings grow by 16% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

Company7D1YValuation
8210 Bupa Arabia for Cooperative Insurance4.5%+ر.س717.3m13.5%PE24.5x
8010 Company for Cooperative Insurance2.2%+ر.س212.5m-4.8%PE32.1x
8310 Amana Cooperative Insurance25.9%+ر.س104.0m-43.7%PS1.9x
8311 Saudi Enaya Cooperative Insurance24.8%+ر.س102.8m-4.4%PS3.1x
8080 SABB Takaful5.2%+ر.س49.3m1.4%PS6.6x
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