Header cover image

Saudi Arabian (Tadawul) Insurance Industry Analysis

UpdatedMay 25, 2024
DataAggregated Company Financials
Companies26
  • 7D-1.9%
  • 3M8.0%
  • 1Y46.3%
  • YTD18.8%

Over the last 7 days, the Insurance industry has dropped 1.9%, driven by a pullback from Bupa Arabia for Cooperative Insurance of 5.6%. In the past year, the industry has gained 46%. Earnings are forecast to grow by 16% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 25 May 2024ر.س93.5bر.س56.1bر.س3.6b22.9x25.7x1.7x
Mon, 22 Apr 2024ر.س92.8bر.س54.4bر.س3.3b25.2x28.4x1.7x
Wed, 20 Mar 2024ر.س99.1bر.س52.7bر.س3.0b21.5x33.5x1.9x
Fri, 16 Feb 2024ر.س84.7bر.س51.7bر.س3.2b17x26.4x1.6x
Sun, 14 Jan 2024ر.س80.6bر.س52.1bر.س3.2b19.9x25x1.5x
Tue, 12 Dec 2023ر.س77.6bر.س52.1bر.س3.2b16.6x24.1x1.5x
Thu, 09 Nov 2023ر.س73.0bر.س49.3bر.س2.6b18.7x28x1.5x
Sat, 07 Oct 2023ر.س74.8bر.س49.5bر.س2.6b21.3x29x1.5x
Mon, 04 Sep 2023ر.س73.4bر.س48.4bر.س2.4b23.4x31.1x1.5x
Wed, 02 Aug 2023ر.س68.3bر.س46.0bر.س1.4b34.7x48.5x1.5x
Fri, 30 Jun 2023ر.س69.0bر.س44.7bر.س957.3m38.7x72.1x1.5x
Sun, 28 May 2023ر.س64.3bر.س42.6bر.س746.4m41.1x86.1x1.5x
Tue, 25 Apr 2023ر.س59.0bر.س42.6bر.س771.8m37.4x76.5x1.4x
Thu, 23 Mar 2023ر.س54.1bر.س41.2bر.س207.4m36.5x261x1.3x
Sat, 18 Feb 2023ر.س55.3bر.س39.9b-ر.س4,702,647.0037.5x-11752.2x1.4x
Mon, 16 Jan 2023ر.س49.4bر.س39.9b-ر.س4,702,647.0033.8x-10507.4x1.2x
Wed, 14 Dec 2022ر.س47.2bر.س39.9b-ر.س4,702,647.0032.5x-10045.9x1.2x
Fri, 11 Nov 2022ر.س49.6bر.س39.3b-ر.س146,129,441.0053.5x-339.2x1.3x
Sun, 09 Oct 2022ر.س51.0bر.س37.6b-ر.س448,567,685.0071x-113.7x1.4x
Tue, 06 Sep 2022ر.س50.4bر.س37.6b-ر.س448,567,685.0072.8x-112.5x1.3x
Thu, 04 Aug 2022ر.س48.3bر.س35.9b-ر.س324,410,890.0042x-148.9x1.3x
Sat, 02 Jul 2022ر.س47.2bر.س35.9b-ر.س324,410,890.0037.6x-145.5x1.3x
Mon, 30 May 2022ر.س47.8bر.س35.8b-ر.س302,086,414.0039x-158.1x1.3x
Wed, 27 Apr 2022ر.س52.5bر.س34.6b-ر.س45,304,259.0035.8x-1158.1x1.5x
Fri, 25 Mar 2022ر.س57.0bر.س34.7bر.س282.1m38.2x202x1.6x
Sun, 20 Feb 2022ر.س59.5bر.س34.0bر.س568.2m45.5x104.7x1.7x
Tue, 18 Jan 2022ر.س53.9bر.س34.0bر.س568.2m32.2x94.9x1.6x
Thu, 16 Dec 2021ر.س55.1bر.س34.0bر.س575.4m34.8x95.7x1.6x
Sat, 13 Nov 2021ر.س56.5bر.س34.1bر.س826.9m45.7x68.3x1.7x
Mon, 11 Oct 2021ر.س57.6bر.س33.5bر.س897.6m48.3x64.2x1.7x
Wed, 08 Sep 2021ر.س62.8bر.س33.5bر.س897.6m51.3x70x1.9x
Fri, 06 Aug 2021ر.س60.0bر.س33.5bر.س897.6m55x66.8x1.8x
Price to Earnings Ratio

36.8x


Total Market Cap: ر.س54.3bTotal Earnings: ر.س1.5bTotal Revenue: ر.س32.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Saudi Arabian Insurance Industry Price to Earnings3Y Average -1133.1x202220232024
Current Industry PE
  • Investors are pessimistic on the Saudi Insurance industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 25.9x which is higher than its 3-year average PE of -1kx.
  • The industry is trading close to its 3-year average PS ratio of 1.5x.
Past Earnings Growth
  • The earnings for companies in the Insurance industry have grown 35% per year over the last three years.
  • Revenues for these companies have grown 20% 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 Financials industry?

SA Market-0.19%
Financials-3.14%
Insurance-1.86%
General Insurance0.90%
Insurance Brokers0%
Property and Casualty Insurance-2.50%
Reinsurance-4.09%
Life and Health Insurance-5.59%
Industry PE
  • Investors are most optimistic about the Life and Health Insurance industry even though it's trading below its 3-year average PE ratio of 36.6x.
    • Analysts are expecting annual earnings growth of 18.1%, which is lower than the prior year's growth of 121.7% per year.
  • Investors are most pessimistic about the Reinsurance industry, which is trading below its 3-year average of 34.2x.
Forecasted Growth
  • Analysts are most optimistic on the Property and Casualty Insurance industry, expecting annual earnings growth of 31% over the next 5 years.
  • In contrast, the Reinsurance industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
8230 Al Rajhi Company for Cooperative Insuranceر.س144.803.9%
+ر.س540.0m
194.8%PE44.1x
8030 Mediterranean and Gulf Cooperative Insurance and Reinsuranceر.س25.504.0%
+ر.س102.9m
169.8%PE14x
8010 Company for Cooperative Insuranceر.س142.200.3%
+ر.س60.0m
46.1%PE28.9x
8012 Aljazira Takaful Taawuniر.س18.563.6%
+ر.س42.2m
12.7%PE24.5x
8050 Salama Cooperative Insuranceر.س29.451.4%
+ر.س8.0m
34.5%PE12.1x
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Latest News

8050

ر.س29.45

Salama Cooperative Insurance

7D

1.4%

1Y

34.5%

8180

ر.س28.95

Al Sagr Cooperative Insurance

7D

-6.0%

1Y

48.5%

8070

ر.س21.36

Arabian Shield Cooperative Insurance

7D

0.3%

1Y

18.9%

8150

ر.س20.16

Allied Cooperative Insurance Group

7D

-5.4%

1Y

16.9%

8030

ر.س25.50

Mediterranean and Gulf Cooperative Insurance and Reinsurance

7D

4.0%

1Y

169.8%

8260

ر.س14.30

Gulf General Cooperative Insurance

7D

0.8%

1Y

0.6%

8200

ر.س24.84

Saudi Reinsurance

7D

-4.1%

1Y

31.2%

8300

ر.س26.80

Wataniya Insurance

7D

-4.6%

1Y

56.9%

8120

ر.س20.06

Gulf Union Alahlia Cooperative Insurance

7D

-3.3%

1Y

84.4%

8010

ر.س142.20

Company for Cooperative Insurance

7D

0.3%

1Y

46.1%

8230

ر.س144.80

Al Rajhi Company for Cooperative Insurance

7D

3.9%

1Y

194.8%

8012

ر.س18.56

Aljazira Takaful Taawuni

7D

3.6%

1Y

12.7%

8312

ر.س12.80

Alinma Tokio Marine

7D

1.4%

1Y

-26.4%