Saudi Reinsurance Company (TADAWUL:8200)

Saudi Reinsurance Company Income Statement

Financials in millions SAR. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	1,503	1,130	627.19	697	854.73	647.12
Total Interest & Dividend Income	77.04	35.61	25.87	11.2	16.16	24.57
Gain (Loss) on Sale of Investments	19.17	367.15	-0.11	-	12.12	0.8
Other Revenue	-	-	-	-	38.33	24.77
Total Revenue	1,599	1,533	652.95	708.2	921.35	697.25
Revenue Growth (YoY)	16.59%	134.74%	-7.80%	-23.13%	32.14%	-1.27%
Policy Benefits	1,310	945.12	608.86	613.41	565.31	391.98
Policy Acquisition & Underwriting Costs	58.37	39.35	14.9	-	235.67	197.44
Depreciation & Amortization	3.34	3.34	2.71	2.82	-	-
Selling, General & Administrative	25.8	25.8	24.47	23.59	60.26	51.84
Provision for Bad Debts	1.54	-	-9.61	6.14	0.15	-0.65
Other Operating Expenses	-36.39	-41.21	-163.52	-39.59	4.37	4.68
Total Operating Expenses	1,420	1,029	535.99	649.39	865.76	645.29
Operating Income	179.21	503.34	116.96	58.81	55.59	51.96
Earnings From Equity Investments	-	2.51	40.07	33.1	-	-
Currency Exchange Gain (Loss)	-7.5	-7.11	-3.12	-	-3.38	2.02
Other Non Operating Income (Expenses)	6.84	6.98	4.66	-0.59	1.11	1.14
Pretax Income	158.91	505.72	158.56	91.32	53.31	55.12
Income Tax Expense	40.28	30.9	34.13	15.27	15.01	9.21
Net Income	118.63	474.81	124.43	76.05	38.31	45.92
Net Income to Common	118.63	474.81	124.43	76.05	38.31	45.92
Net Income Growth	-75.99%	281.59%	63.61%	98.52%	-16.57%	1.04%
Shares Outstanding (Basic)	158	129	129	129	129	129
Shares Outstanding (Diluted)	158	129	129	129	129	129
Shares Change (YoY)	22.50%	-	-	-	-	-0.20%
EPS (Basic)	0.75	3.69	0.97	0.59	0.30	0.36
EPS (Diluted)	0.75	3.69	0.97	0.59	0.30	0.36
EPS Growth	-80.40%	281.59%	63.61%	98.52%	-16.57%	1.24%
Free Cash Flow	260.7	182.97	-9.36	70.89	405.53	12.61
Free Cash Flow Per Share	1.65	1.42	-0.07	0.55	3.15	0.10
Operating Margin	11.21%	32.84%	17.91%	8.30%	6.03%	7.45%
Profit Margin	7.42%	30.98%	19.06%	10.74%	4.16%	6.59%
Free Cash Flow Margin	16.30%	11.94%	-1.43%	10.01%	44.02%	1.81%
EBITDA	180.77	504.98	118.72	61.41	57.96	54.08
EBITDA Margin	11.30%	32.95%	18.18%	8.67%	6.29%	7.76%
D&A For EBITDA	1.57	1.64	1.77	2.6	2.37	2.12
EBIT	179.21	503.34	116.96	58.81	55.59	51.96
EBIT Margin	11.21%	32.84%	17.91%	8.30%	6.03%	7.45%
Effective Tax Rate	25.35%	6.11%	21.53%	16.72%	28.14%	16.70%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.