Saudi Reinsurance Co 2023 AR2
The report highlights Saudi Re's financial and sustainability performance for the fiscal year 2023, marking 15 years of progress. The company achieved a 14% increase in gross written premiums to SAR 1.59 billion and a 64% increase in net profit after Zakat and tax to SAR 124.4 million. On the sustainability front, Saudi Re successfully adopted IFRS 17 and IFRS 9 standards and was ranked 15th for ESG performance among listed companies on Tadawul. Additionally, the company maintained its "A-" credit rating from S&P and "A3" from Moody's, reflecting its strong capital adequacy and market position.
Company: Saudi Reinsurance Co
Sector: Finance & insurance
Country: Saudi Arabia
Year: 2023
Type: AR2
Pages: 256
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Saudi Reinsurance Co
Annual Report
The report highlights Saudi Re's financial and sustainability performance for the fiscal year 2023, marking 15 years of progress. The company achieved a 14% increase in gross written premiums to SAR 1.59 billion and a 64% increase in net profit after Zakat and tax to SAR 124.4 million. On the sustainability front, Saudi Re successfully adopted IFRS 17 and IFRS 9 standards and was ranked 15th for ESG performance among listed companies on Tadawul. Additionally, the company maintained its "A-" credit rating from S&P and "A3" from Moody's, reflecting its strong capital adequacy and market position.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Energy Consumption
Total Waste
Employees