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Saudi Arabian (Tadawul) General Insurance Industry Analysis

UpdatedMar 25, 2024
DataAggregated Company Financials
Companies18
  • 7D-1.9%
  • 3M39.0%
  • 1Y102.9%
  • YTDn/a

Over the last 7 days, the General Insurance industry has dropped 1.7%, driven by a pullback from Al Rajhi Company for Cooperative Insurance of 5.3%. Meanwhile, Gulf General Cooperative Insurance actually outperformed within the industry, gaining 59% in the last week. This takes the industry's 12 month performance to a gain of 105%. Earnings are forecast to grow by 26% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 25 Mar 2024ر.س55.9bر.س32.3bر.س1.8b20.2x30.5x1.7x
Wed, 21 Feb 2024ر.س45.2bر.س31.8bر.س2.0b16.5x23x1.4x
Fri, 19 Jan 2024ر.س41.0bر.س32.2bر.س2.0b16.2x20.7x1.3x
Sun, 17 Dec 2023ر.س40.7bر.س32.2bر.س2.0b15.7x20.6x1.3x
Tue, 14 Nov 2023ر.س37.6bر.س32.1bر.س1.7b20x21.6x1.2x
Thu, 12 Oct 2023ر.س35.9bر.س30.3bر.س1.3b19.7x28.1x1.2x
Sat, 09 Sep 2023ر.س39.4bر.س30.2bر.س1.3b23.1x31.3x1.3x
Mon, 07 Aug 2023ر.س36.8bر.س28.0bر.س455.7m33.1x80.8x1.3x
Wed, 05 Jul 2023ر.س39.0bر.س26.9bر.س176.9m46.9x220.5x1.5x
Fri, 02 Jun 2023ر.س33.4bر.س25.5bر.س84.7m50.3x394.9x1.3x
Sun, 30 Apr 2023ر.س28.4bر.س24.9bر.س56.7m46.9x500.5x1.1x
Tue, 28 Mar 2023ر.س27.5bر.س23.3b-ر.س372,188,178.0041.6x-74x1.2x
Thu, 23 Feb 2023ر.س25.9bر.س23.1b-ر.س412,919,178.0037.1x-62.8x1.1x
Sat, 21 Jan 2023ر.س24.1bر.س23.1b-ر.س412,919,178.0036.4x-58.3x1x
Mon, 19 Dec 2022ر.س23.8bر.س23.1b-ر.س412,919,178.0034.2x-57.7x1x
Wed, 16 Nov 2022ر.س23.6bر.س23.0b-ر.س445,586,870.0033.8x-53x1x
Fri, 14 Oct 2022ر.س24.6bر.س21.8b-ر.س628,285,508.0071x-39.1x1.1x
Sun, 11 Sep 2022ر.س24.3bر.س21.8b-ر.س628,285,508.0075x-38.6x1.1x
Tue, 09 Aug 2022ر.س23.0bر.س20.9b-ر.س572,504,628.0043x-40.2x1.1x
Thu, 07 Jul 2022ر.س21.4bر.س20.9b-ر.س572,504,628.0037.8x-37.4x1x
Sat, 04 Jun 2022ر.س24.2bر.س21.0b-ر.س568,789,628.0041.6x-42.6x1.2x
Mon, 02 May 2022ر.س25.6bر.س20.4b-ر.س408,499,314.0032.4x-62.5x1.3x
Wed, 30 Mar 2022ر.س27.0bر.س20.5b-ر.س226,019,515.0033.9x-119.4x1.3x
Fri, 25 Feb 2022ر.س29.1bر.س20.1bر.س100.0m43.6x291.2x1.5x
Sun, 23 Jan 2022ر.س30.1bر.س20.1bر.س101.0m46.6x298.1x1.5x
Tue, 21 Dec 2021ر.س29.9bر.س20.1bر.س101.0m48.6x295.6x1.5x
Thu, 18 Nov 2021ر.س30.9bر.س20.0bر.س173.1m62.3x178.7x1.5x
Sat, 16 Oct 2021ر.س32.1bر.س19.7bر.س392.3m53.4x81.9x1.6x
Mon, 13 Sep 2021ر.س34.4bر.س19.7bر.س392.3m57.4x87.8x1.7x
Wed, 11 Aug 2021ر.س34.9bر.س19.7bر.س392.3m60.2x89x1.8x
Sun, 06 Jun 2021ر.س32.1bر.س18.9bر.س835.6m34x38.4x1.7x
Price to Earnings Ratio

38.6x


Total Market Cap: ر.س32.3bTotal Earnings: ر.س835.6mTotal Revenue: ر.س18.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Saudi Arabian General Insurance Industry Price to Earnings3Y Average 58.9x202220232024
Current Industry PE
  • Investors are pessimistic on the Saudi Multi-line 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 30.7x which is lower than its 3-year average PE of 58.9x.
  • The 3-year average PS ratio of 1.3x is lower than the industry's current PS ratio of 1.7x.
Past Earnings Growth
  • The earnings for companies in the Multi-line Insurance industry have grown 30% per year over the last three years.
  • Revenues for these companies have grown 19% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does Saudi Arabian General Insurance compare with similar industries?

SA Market0.077%
Financials1.72%
Insurance-1.60%
General Insurance-1.85%
Insurance Brokers0%
Life and Health Insurance-0.19%
Reinsurance-6.96%
Property and Casualty Insurance-9.24%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
8010 Company for Cooperative Insuranceر.س168.403.2%
+ر.س780.0m
88.9%PE41x
8240 Chubb Arabia Cooperative Insuranceر.س39.8024.0%
+ر.س231.0m
138.3%PE91.9x
8060 Walaa Cooperative Insuranceر.س31.108.9%
+ر.س216.9m
130.4%PE17.9x
8250 Gulf Insurance Groupر.س41.506.3%
+ر.س128.6m
61.4%PE57.4x
8120 Gulf Union Alahlia Cooperative Insuranceر.س22.187.0%
+ر.س67.0m
149.2%PE8.7x
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Latest News

8060

ر.س31.10

Walaa Cooperative Insurance

7D

8.9%

1Y

130.4%

8010

ر.س168.40

Company for Cooperative Insurance

7D

3.2%

1Y

88.9%

8170

ر.س25.15

Al-Etihad Cooperative Insurance

7D

4.4%

1Y

65.0%

8120

ر.س22.18

Gulf Union Alahlia Cooperative Insurance

7D

7.0%

1Y

149.2%

8310

ر.س14.30

Amana Cooperative Insurance

7D

-7.4%

1Y

52.1%

8300

ر.س28.65

Wataniya Insurance

7D

5.5%

1Y

78.2%

8230

ر.س110.80

Al Rajhi Company for Cooperative Insurance

7D

-8.6%

1Y

180.4%

8070

ر.س22.00

Arabian Shield Cooperative Insurance

7D

-2.0%

1Y

41.0%

8250

ر.س41.50

Gulf Insurance Group

7D

6.3%

1Y

61.4%

8160

ر.س16.44

Arabia Insurance Cooperative

7D

-3.7%

1Y

52.5%

8312

ر.س12.80

Alinma Tokio Marine

7D

1.4%

1Y

-26.4%

8012

ر.س19.02

Aljazira Takaful Taawuni

7D

-5.7%

1Y

36.3%