SAUDI RE

Saudi Reinsurance Company

8200StocksTadawulInsurance

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (SAR)

1-5

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operations
Operating Cash Flow	259.42M	184.89M	-5.89M	72.93M	411.68M
Free Cash Flow	257.17M	182.97M	-9.36M	70.89M	405.53M
Capital Expenditures	-2.25M	-1.92M	-3.47M	-2.05M	-6.14M
Investing & Financing
Investing Cash Flow	-648.49M	-200.34M	61.12M	-69.11M	-430.27M
Financing Cash Flow	417.06M	-1.80M	-1.68M	-1.21M	33.25M
Operating Activities
Operating Cash Flow	259.42M	184.89M	-5.89M	72.93M	411.68M
Net Income	140.04M	474.81M	124.43M	76.05M	38.31M
Change Accounts Payable Insurance	—	—	—	—	12.07M
Change Accounts Receivable Insurance	—	—	—	—	-86.21M
Change in Unearned Revenue	—	—	—	—	101.67M
Change in Working Capital	205.35M	168.93M	-55.09M	34.67M	416.26M
Change Insurance Reserves Liabilities	—	—	—	—	142.70M
Change Other Net Oper Assets Insurance	-107.64M	-15.52M	-188.61M	-27.24M	213.17M
Other Operating Activities Insurance	-76.67M	-76.60M	-33.13M	-33.62M	-11.43M
Depreciation & Amortization	1.78M	1.87M	2.00M	2.82M	2.61M
Other Amortization	1.46M	1.47M	0.72M	—	—
Stock-Based Compensation	11.12M	—	—	—	—
Reinsurance Recoverable CF	-307.84M	-202.64M	-223.14M	-5.94M	84.83M
Investing Activities
Investing Cash Flow	-648.49M	-200.34M	61.12M	-69.11M	-430.27M
Capex Insurance	-2.25M	-1.92M	-3.47M	-2.05M	-6.14M
Investment in Securities	-746.52M	-264.13M	14.14M	-101.77M	-439.89M
Other Investing Activities	100.27M	65.71M	50.45M	34.70M	15.72M
Sale of Property, Plant & Equipment	—	—	—	—	41.50K
Gain Assets CF Insurance	—	—	—	—	-41.45K
Loss (Gain) on Sale of Investments	-24.03M	-381.89M	-4.85M	24.78M	-15.53M
Financing Activities
Financing Cash Flow	417.06M	-1.80M	-1.68M	-1.21M	33.25M
Common Issued Insurance	427.68M	—	—	—	—
Long-Term Debt Issued	—	—	—	—	33.68M
Net Debt Issued Insurance	—	—	—	—	33.68M
Other Financing Activities Insurance	-10.62M	-1.80M	-1.68M	-1.21M	-0.43M
Free Cash Flow & Returns
Free Cash Flow	257.17M	182.97M	-9.36M	70.89M	405.53M
Free Cash Flow Growth	+40.6%	—	—	-82.5%	+3,115.8%
Free Cash Flow Margin	+14.8%	+11.9%	-1.4%	+10.0%	+44.0%
Free Cash Flow Per Share	1.54	1.42	-0.07	0.55	3.15
Levered Free Cash Flow	-438.83M	651.61M	-166.55M	197.94M	136.53M
Unlevered Free Cash Flow	-438.83M	651.61M	-166.55M	197.94M	136.53M
Operating Cash Flow Growth	+40.3%	—	—	-82.3%	+2,644.1%
Net Cash Flow	27.98M	-17.25M	53.56M	2.61M	14.65M

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (SAR)

1-5

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operations
Operating Cash Flow	259.42M	184.89M	-5.89M	72.93M	411.68M
Free Cash Flow	257.17M	182.97M	-9.36M	70.89M	405.53M
Capital Expenditures	-2.25M	-1.92M	-3.47M	-2.05M	-6.14M
Investing & Financing
Investing Cash Flow	-648.49M	-200.34M	61.12M	-69.11M	-430.27M
Financing Cash Flow	417.06M	-1.80M	-1.68M	-1.21M	33.25M
Operating Activities
Operating Cash Flow	259.42M	184.89M	-5.89M	72.93M	411.68M
Net Income	140.04M	474.81M	124.43M	76.05M	38.31M
Change Accounts Payable Insurance	—	—	—	—	12.07M
Change Accounts Receivable Insurance	—	—	—	—	-86.21M
Change in Unearned Revenue	—	—	—	—	101.67M
Change in Working Capital	205.35M	168.93M	-55.09M	34.67M	416.26M
Change Insurance Reserves Liabilities	—	—	—	—	142.70M
Change Other Net Oper Assets Insurance	-107.64M	-15.52M	-188.61M	-27.24M	213.17M
Other Operating Activities Insurance	-76.67M	-76.60M	-33.13M	-33.62M	-11.43M
Depreciation & Amortization	1.78M	1.87M	2.00M	2.82M	2.61M
Other Amortization	1.46M	1.47M	0.72M	—	—
Stock-Based Compensation	11.12M	—	—	—	—
Reinsurance Recoverable CF	-307.84M	-202.64M	-223.14M	-5.94M	84.83M
Investing Activities
Investing Cash Flow	-648.49M	-200.34M	61.12M	-69.11M	-430.27M
Capex Insurance	-2.25M	-1.92M	-3.47M	-2.05M	-6.14M
Investment in Securities	-746.52M	-264.13M	14.14M	-101.77M	-439.89M
Other Investing Activities	100.27M	65.71M	50.45M	34.70M	15.72M
Sale of Property, Plant & Equipment	—	—	—	—	41.50K
Gain Assets CF Insurance	—	—	—	—	-41.45K
Loss (Gain) on Sale of Investments	-24.03M	-381.89M	-4.85M	24.78M	-15.53M
Financing Activities
Financing Cash Flow	417.06M	-1.80M	-1.68M	-1.21M	33.25M
Common Issued Insurance	427.68M	—	—	—	—
Long-Term Debt Issued	—	—	—	—	33.68M
Net Debt Issued Insurance	—	—	—	—	33.68M
Other Financing Activities Insurance	-10.62M	-1.80M	-1.68M	-1.21M	-0.43M
Free Cash Flow & Returns
Free Cash Flow	257.17M	182.97M	-9.36M	70.89M	405.53M
Free Cash Flow Growth	+40.6%	—	—	-82.5%	+3,115.8%
Free Cash Flow Margin	+14.8%	+11.9%	-1.4%	+10.0%	+44.0%
Free Cash Flow Per Share	1.54	1.42	-0.07	0.55	3.15
Levered Free Cash Flow	-438.83M	651.61M	-166.55M	197.94M	136.53M
Unlevered Free Cash Flow	-438.83M	651.61M	-166.55M	197.94M	136.53M
Operating Cash Flow Growth	+40.3%	—	—	-82.3%	+2,644.1%
Net Cash Flow	27.98M	-17.25M	53.56M	2.61M	14.65M