Buruj Cooperative Insurance Co operates within the Fire, marine, and casualty insurance sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Buruj Cooperative Insurance Co with three other
companies in this sector in Saudi Arabia:
Allied Cooperative Insurance Group
sales of 455.92 million Saudi Riyals [US$121.58 million]
of which 68%
Arabian Shield Cooperative Insurance Company SJSC
(459.88 million Saudi Riyals [US$122.64 million]
of which 54%
was Health), and
Salama Cooperative Insurance Co
(445.88 million Saudi Riyals [US$118.90 million]
During the year ended December of 2016, sales at
Buruj Cooperative Insurance Co were 424.44 million Saudi Riyals (US$113.18 million).
increase of 11.8%
versus 2015, when the company's sales were 379.57 million Saudi Riyals.
This was the fifth consecutive year of sales increases at Buruj Cooperative Insurance Co
(and since 2011, sales have increased a total of 842%).
Sales of Medical saw an increase
that was more than double the company's growth rate: sales were up
51.1% in 2016, from
92.66 million Saudi Riyals to 140.05 million Saudi Riyals.
Buruj Cooperative Insurance Co also saw significant increases in sales in
Other (up 32.3% to 8.52 million Saudi Riyals)
Not all segments of Buruj Cooperative Insurance Co experienced an increase in sales in 2016:
sales of Marine fell 44.2% to 5.76 million Saudi Riyals.
(However, this segment's sales were only a very small portion of the company's overall sales).
Buruj Cooperative Insurance Co also experienced decreases in sales in
Property (down 1.1% to 5.59 million Saudi Riyals)