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
Operating Summary
Revenue	1.74B	1.53B	0.65B	0.71B	0.92B
Operating Expenses	1.55B	1.03B	0.54B	0.65B	0.87B
Pretax Income	190.64M	505.72M	158.56M	91.32M	53.31M
Income Tax	50.59M	30.90M	34.13M	15.27M	15.01M
Net Income	140.04M	474.81M	124.43M	76.05M	38.31M
Premium Revenue	1.67B	1.13B	0.63B	0.70B	0.85B
Policy Benefits	1.49B	0.95B	0.61B	0.61B	0.57B
Policy Cost	58.23M	39.35M	14.90M	—	235.67M
EPS (Basic)	0.84	3.69	0.97	0.59	0.30
EPS (Diluted)	0.84	3.69	0.97	0.59	0.30
Margins & Efficiency
Net Margin %	+8.1%	+31.0%	+19.1%	+10.7%	+4.2%
Revenue & Income
Revenue Growth (YoY)	+13.4%	+134.7%	-7.8%	-23.1%	+32.1%
Revenue Insurance	1.74B	1.53B	0.65B	0.71B	0.92B
Premiums Annuity Rev	1.67B	1.13B	0.63B	0.70B	0.85B
Other Revenue Insurance	—	—	—	—	38.33M
Earnings From Equity Investments	—	2.51M	40.07M	33.10M	—
Gain Investment Rev Insurance	-0.36M	367.15M	-0.11M	—	12.12M
Currency Exchange Gain (Loss)	-4.68M	-7.11M	-3.12M	—	-3.38M
Expenses & Provisions
SG&A Insurance	31.41M	25.80M	24.47M	23.59M	60.26M
Other Opex Insurance	-107.73M	-41.21M	-163.52M	-39.59M	4.37M
Total Opex Insurance	1.55B	1.03B	0.54B	0.65B	0.87B
Other Non Operating Income (Expenses)	6.79M	6.98M	4.66M	-0.59M	1.11M
Policy Benefits	1.49B	0.95B	0.61B	0.61B	0.57B
Policy Cost	58.23M	39.35M	14.90M	—	235.67M
Provision for Bad Debts	-0.00M	—	-9.61M	6.14M	0.15M
D&A For EBITDA	1.53M	1.64M	1.77M	2.60M	2.37M
Da Suppl Insurance	3.24M	3.34M	2.71M	2.82M	—
Deferred Policy Acquisition Cost	—	—	—	—	168.60M
Profitability & Returns
EBIT	188.53M	503.34M	116.96M	58.81M	55.59M
EBIT Margin	+10.9%	+32.8%	+17.9%	+8.3%	+6.0%
EBITDA	190.06M	504.98M	118.72M	61.41M	57.96M
EBITDA Margin	+10.9%	+32.9%	+18.2%	+8.7%	+6.3%
Pretax Income	190.64M	505.72M	158.56M	91.32M	53.31M
Opinc Insurance	188.53M	503.34M	116.96M	58.81M	55.59M
Operating Margin	+10.9%	+32.8%	+17.9%	+8.3%	+6.0%
Profit Margin	+8.1%	+31.0%	+19.1%	+10.7%	+4.2%
Net Income	140.04M	474.81M	124.43M	76.05M	38.31M
Net Income to Common	140.04M	474.81M	124.43M	76.05M	38.31M
Net Income Growth	-70.5%	+281.6%	+63.6%	+98.5%	-16.6%
Income Tax Expense	50.59M	30.90M	34.13M	15.27M	15.01M
Effective Tax Rate	+26.5%	+6.1%	+21.5%	+16.7%	+28.1%
Per Share & Capital
EPS (Basic)	0.84	3.69	0.97	0.59	0.30
EPS (Diluted)	0.84	3.69	0.97	0.59	0.30
EPS Growth	-77.3%	+281.6%	+63.6%	+98.5%	-16.6%
Shares Change (YoY)	0.3	-0	—	—	—
Shares Outstanding (Basic)	167.31M	128.70M	128.70M	128.70M	128.70M
Shares Outstanding (Diluted)	167.31M	128.70M	128.70M	128.70M	128.70M
Free Cash Flow	257.17M	182.97M	-9.36M	70.89M	405.53M
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
Supplemental
Total Interest Dividend Income	65.34M	35.61M	25.87M	11.20M	16.16M

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
Operating Summary
Revenue	1.74B	1.53B	0.65B	0.71B	0.92B
Operating Expenses	1.55B	1.03B	0.54B	0.65B	0.87B
Pretax Income	190.64M	505.72M	158.56M	91.32M	53.31M
Income Tax	50.59M	30.90M	34.13M	15.27M	15.01M
Net Income	140.04M	474.81M	124.43M	76.05M	38.31M
Premium Revenue	1.67B	1.13B	0.63B	0.70B	0.85B
Policy Benefits	1.49B	0.95B	0.61B	0.61B	0.57B
Policy Cost	58.23M	39.35M	14.90M	—	235.67M
EPS (Basic)	0.84	3.69	0.97	0.59	0.30
EPS (Diluted)	0.84	3.69	0.97	0.59	0.30
Margins & Efficiency
Net Margin %	+8.1%	+31.0%	+19.1%	+10.7%	+4.2%
Revenue & Income
Revenue Growth (YoY)	+13.4%	+134.7%	-7.8%	-23.1%	+32.1%
Revenue Insurance	1.74B	1.53B	0.65B	0.71B	0.92B
Premiums Annuity Rev	1.67B	1.13B	0.63B	0.70B	0.85B
Other Revenue Insurance	—	—	—	—	38.33M
Earnings From Equity Investments	—	2.51M	40.07M	33.10M	—
Gain Investment Rev Insurance	-0.36M	367.15M	-0.11M	—	12.12M
Currency Exchange Gain (Loss)	-4.68M	-7.11M	-3.12M	—	-3.38M
Expenses & Provisions
SG&A Insurance	31.41M	25.80M	24.47M	23.59M	60.26M
Other Opex Insurance	-107.73M	-41.21M	-163.52M	-39.59M	4.37M
Total Opex Insurance	1.55B	1.03B	0.54B	0.65B	0.87B
Other Non Operating Income (Expenses)	6.79M	6.98M	4.66M	-0.59M	1.11M
Policy Benefits	1.49B	0.95B	0.61B	0.61B	0.57B
Policy Cost	58.23M	39.35M	14.90M	—	235.67M
Provision for Bad Debts	-0.00M	—	-9.61M	6.14M	0.15M
D&A For EBITDA	1.53M	1.64M	1.77M	2.60M	2.37M
Da Suppl Insurance	3.24M	3.34M	2.71M	2.82M	—
Deferred Policy Acquisition Cost	—	—	—	—	168.60M
Profitability & Returns
EBIT	188.53M	503.34M	116.96M	58.81M	55.59M
EBIT Margin	+10.9%	+32.8%	+17.9%	+8.3%	+6.0%
EBITDA	190.06M	504.98M	118.72M	61.41M	57.96M
EBITDA Margin	+10.9%	+32.9%	+18.2%	+8.7%	+6.3%
Pretax Income	190.64M	505.72M	158.56M	91.32M	53.31M
Opinc Insurance	188.53M	503.34M	116.96M	58.81M	55.59M
Operating Margin	+10.9%	+32.8%	+17.9%	+8.3%	+6.0%
Profit Margin	+8.1%	+31.0%	+19.1%	+10.7%	+4.2%
Net Income	140.04M	474.81M	124.43M	76.05M	38.31M
Net Income to Common	140.04M	474.81M	124.43M	76.05M	38.31M
Net Income Growth	-70.5%	+281.6%	+63.6%	+98.5%	-16.6%
Income Tax Expense	50.59M	30.90M	34.13M	15.27M	15.01M
Effective Tax Rate	+26.5%	+6.1%	+21.5%	+16.7%	+28.1%
Per Share & Capital
EPS (Basic)	0.84	3.69	0.97	0.59	0.30
EPS (Diluted)	0.84	3.69	0.97	0.59	0.30
EPS Growth	-77.3%	+281.6%	+63.6%	+98.5%	-16.6%
Shares Change (YoY)	0.3	-0	—	—	—
Shares Outstanding (Basic)	167.31M	128.70M	128.70M	128.70M	128.70M
Shares Outstanding (Diluted)	167.31M	128.70M	128.70M	128.70M	128.70M
Free Cash Flow	257.17M	182.97M	-9.36M	70.89M	405.53M
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
Supplemental
Total Interest Dividend Income	65.34M	35.61M	25.87M	11.20M	16.16M