Saudi Reinsurance Company Income Statement

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

Millions SAR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Premiums & Annuity Revenue	1,672	1,130	627.19	697	854.73
Total Interest & Dividend Income	65.34	35.61	25.87	11.2	16.16
Gain (Loss) on Sale of Investments	-0.36	367.15	-0.11	-	12.12
Other Revenue	-	-	-	-	38.33
Total Revenue	1,737	1,533	652.95	708.2	921.35
Revenue Growth (YoY)	13.36%	134.74%	-7.80%	-23.13%	32.14%
Policy Benefits	1,486	945.12	608.86	613.41	565.31
Policy Acquisition & Underwriting Costs	58.23	39.35	14.9	-	235.67
Depreciation & Amortization	3.24	3.34	2.71	2.82	-
Selling, General & Administrative	31.41	25.8	24.47	23.59	60.26
Provision for Bad Debts	-0	-	-9.61	6.14	0.15
Other Operating Expenses	-107.73	-41.21	-163.52	-39.59	4.37
Total Operating Expenses	1,549	1,029	535.99	649.39	865.76
Operating Income	188.53	503.34	116.96	58.81	55.59
Earnings From Equity Investments	-	2.51	40.07	33.1	-
Currency Exchange Gain (Loss)	-4.68	-7.11	-3.12	-	-3.38
Other Non Operating Income (Expenses)	6.79	6.98	4.66	-0.59	1.11
Pretax Income	190.64	505.72	158.56	91.32	53.31
Income Tax Expense	50.59	30.9	34.13	15.27	15.01
Net Income	140.04	474.81	124.43	76.05	38.31
Net Income to Common	140.04	474.81	124.43	76.05	38.31
Net Income Growth	-70.50%	281.59%	63.61%	98.52%	-16.57%
Shares Outstanding (Basic)	167	129	129	129	129
Shares Outstanding (Diluted)	167	129	129	129	129
Shares Change (YoY)	30.00%	-0.00%	-	-	-
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	-77.31%	281.59%	63.61%	98.52%	-16.57%
Free Cash Flow	257.17	182.97	-9.36	70.89	405.53
Free Cash Flow Per Share	1.54	1.42	-0.07	0.55	3.15
Operating Margin	10.85%	32.84%	17.91%	8.30%	6.03%
Profit Margin	8.06%	30.98%	19.06%	10.74%	4.16%
Free Cash Flow Margin	14.80%	11.94%	-1.43%	10.01%	44.02%
EBITDA	190.06	504.98	118.72	61.41	57.96
EBITDA Margin	10.94%	32.95%	18.18%	8.67%	6.29%
D&A For EBITDA	1.53	1.64	1.77	2.6	2.37
EBIT	188.53	503.34	116.96	58.81	55.59
EBIT Margin	10.85%	32.84%	17.91%	8.30%	6.03%
Effective Tax Rate	26.54%	6.11%	21.53%	16.72%	28.14%

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.