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Saudi Arabian (Tadawul) Insurance Industry Analysis
UpdatedNov 19, 2024
DataAggregated Company Financials
Companies27
- 7D-0.3%
- 3M-14.7%
- 1Y18.0%
- YTD13.3%
The Insurance is pretty flat in the last 7 days, but Al Rajhi Company for Cooperative Insurance has stood out, gaining 5.1%. As for the the longer term, the industry is up 18% over the past 12 months. Looking forward, 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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 19 Nov 2024 | ر.س93.7b | ر.س61.4b | ر.س4.2b | 21.1x | 22.5x | 1.5x |
| Thu, 17 Oct 2024 | ر.س99.7b | ر.س59.0b | ر.س3.9b | 23.3x | 25.8x | 1.7x |
| Sat, 14 Sep 2024 | ر.س104.3b | ر.س59.0b | ر.س3.8b | 25x | 27.2x | 1.8x |
| Mon, 12 Aug 2024 | ر.س99.6b | ر.س58.2b | ر.س3.7b | 20.7x | 27.1x | 1.7x |
| Wed, 10 Jul 2024 | ر.س107.9b | ر.س57.1b | ر.س3.7b | 22.7x | 29.2x | 1.9x |
| Fri, 07 Jun 2024 | ر.س91.1b | ر.س56.4b | ر.س3.6b | 21.5x | 25.3x | 1.6x |
| Sun, 05 May 2024 | ر.س101.3b | ر.س54.1b | ر.س3.3b | 25.4x | 31.1x | 1.9x |
| Tue, 02 Apr 2024 | ر.س95.7b | ر.س54.5b | ر.س3.2b | 19.5x | 29.5x | 1.8x |
| Thu, 29 Feb 2024 | ر.س87.5b | ر.س52.4b | ر.س3.1b | 18.3x | 28.2x | 1.7x |
| Sat, 27 Jan 2024 | ر.س80.0b | ر.س52.1b | ر.س3.2b | 18.8x | 24.9x | 1.5x |
| Mon, 25 Dec 2023 | ر.س76.5b | ر.س52.1b | ر.س3.2b | 16.7x | 23.8x | 1.5x |
| Wed, 22 Nov 2023 | ر.س74.4b | ر.س52.0b | ر.س3.1b | 15.8x | 23.6x | 1.4x |
| Fri, 20 Oct 2023 | ر.س75.4b | ر.س49.2b | ر.س2.6b | 19.8x | 29.2x | 1.5x |
| Sun, 17 Sep 2023 | ر.س74.0b | ر.س49.4b | ر.س2.6b | 21.7x | 28.9x | 1.5x |
| Tue, 15 Aug 2023 | ر.س71.5b | ر.س46.8b | ر.س1.5b | 33.2x | 46.9x | 1.5x |
| Thu, 13 Jul 2023 | ر.س72.2b | ر.س45.7b | ر.س1.4b | 34.7x | 53.2x | 1.6x |
| Sat, 10 Jun 2023 | ر.س67.0b | ر.س43.7b | ر.س850.9m | 40.9x | 78.8x | 1.5x |
| Mon, 08 May 2023 | ر.س59.8b | ر.س42.6b | ر.س746.4m | 37.9x | 80.1x | 1.4x |
| Wed, 05 Apr 2023 | ر.س59.2b | ر.س41.2b | ر.س207.4m | 39.6x | 285.3x | 1.4x |
| Fri, 03 Mar 2023 | ر.س55.1b | ر.س39.9b | -ر.س4,702,647.00 | 37.7x | -11722.9x | 1.4x |
| Sun, 29 Jan 2023 | ر.س52.3b | ر.س39.9b | -ر.س4,702,647.00 | 37.7x | -11129.1x | 1.3x |
| Tue, 27 Dec 2022 | ر.س49.3b | ر.س39.9b | -ر.س4,702,647.00 | 33.4x | -10480.3x | 1.2x |
| Thu, 24 Nov 2022 | ر.س50.9b | ر.س39.9b | -ر.س1,561,721.00 | 33.5x | -32617x | 1.3x |
| Sat, 22 Oct 2022 | ر.س51.9b | ر.س37.6b | -ر.س448,567,685.00 | 72.5x | -115.8x | 1.4x |
| Mon, 19 Sep 2022 | ر.س50.0b | ر.س37.6b | -ر.س448,567,685.00 | 66.9x | -111.4x | 1.3x |
| Wed, 17 Aug 2022 | ر.س50.1b | ر.س37.1b | -ر.س292,951,890.00 | 42.8x | -170.9x | 1.3x |
| Fri, 15 Jul 2022 | ر.س46.8b | ر.س35.9b | -ر.س324,410,890.00 | 37.3x | -144.3x | 1.3x |
| Sun, 12 Jun 2022 | ر.س51.6b | ر.س35.9b | -ر.س324,410,890.00 | 43.5x | -159x | 1.4x |
| Tue, 10 May 2022 | ر.س53.6b | ر.س35.0b | -ر.س82,770,259.00 | 36.3x | -647.5x | 1.5x |
| Thu, 07 Apr 2022 | ر.س55.5b | ر.س34.6b | -ر.س35,693,000.00 | 39.5x | -1556x | 1.6x |
| Sat, 05 Mar 2022 | ر.س56.2b | ر.س34.3b | ر.س676.5m | 36.5x | 83.1x | 1.6x |
| Mon, 31 Jan 2022 | ر.س55.7b | ر.س34.0b | ر.س568.2m | 121.3x | 98.1x | 1.6x |
| Wed, 29 Dec 2021 | ر.س53.0b | ر.س34.0b | ر.س568.2m | 31.8x | 93.4x | 1.6x |
| Fri, 26 Nov 2021 | ر.س54.0b | ر.س34.0b | ر.س575.4m | 31.5x | 93.9x | 1.6x |
Price to Earnings Ratio
93.9x
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 22.5x 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 93% per year over the last three years.
- Revenues for these companies have grown 22% 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 | -1.34% | |
| Financials | -2.94% | |
| Insurance | -0.28% | |
| Reinsurance | 3.01% | |
| General Insurance | 2.70% | |
| Property and Casualty Insurance | 0.50% | |
| Insurance Brokers | 0% | |
| Life and Health Insurance | -1.52% | |
Industry PE
- Investors are most optimistic about the Property and Casualty Insurance industry which is trading above its 3-year average PE ratio.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Reinsurance industry, which is trading below its 3-year average of 33.3x.
Forecasted Growth
- Analysts are most optimistic on the General Insurance industry, expecting annual earnings growth of 29% over the next 5 years.
- This is better than its past earnings decline of 12% per year.
- In contrast, the Reinsurance industry is expected to see its earnings decline by 70% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 8230 Al Rajhi Company for Cooperative Insurance | ر.س177.40 | 4.4% +ر.س740.0m | 166.5% | PE45.2x | |
| 8010 Company for Cooperative Insurance | ر.س131.80 | 3.3% +ر.س629.5m | 10.0% | PE20.9x | |
| 8200 Saudi Reinsurance | ر.س39.15 | 6.5% +ر.س213.8m | 115.8% | PE7.1x | |
| 8030 Mediterranean and Gulf Cooperative Insurance and Reinsurance | ر.س21.56 | 8.7% +ر.س180.6m | 45.5% | PE14.2x | |
| 8060 Walaa Cooperative Insurance | ر.س22.18 | 2.4% +ر.س44.2m | 28.4% | PE14.6x |