The Insurance Authority (IA) has published the Saudi market’s key indicators as at 31 March 2025.
The overall turnover amounted to 26.013 billion SAR (6.9 billion USD), increasing by 15% compared to the 22.629 billion SAR (6 billion USD) recorded twelve months earlier.
Insurance revenue climbed 7.2% to 17.028 billion SAR (4.5 billion USD) against 15.882 billion SAR (4.2 billion USD) for the same period in 2024.
Net investment income declined by 15% year-on-year to 669 million SAR (178.2 million USD).
Saudi insurers closed the first quarter of 2025 with a net profit of 663.5 million SAR (176.8 million USD), down 26.1% on the 897.3 million SAR (239 million USD) achieved at end-March 2024.
