Al Rajhi for Cooperative Insurance operates in the Fire, marine, and casualty insurance sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Al Rajhi for Cooperative Insurance with three other
companies in this sector in Saudi Arabia:
Walaa Cooperative Insurance Company SJSC
sales of 844.86 million Saudi Riyals [US$225.30 million]
of which 78%
was General Insurance/Motor),
Al-Etihad Cooperative Insurance Co
(780.32 million Saudi Riyals [US$208.09 million]
of which 71%
was Motor), and
AXA Cooperative Insurance Company
(1.32 billion Saudi Riyals [US$352.58 million]
of which 63%
Al Rajhi for Cooperative Insurance reported sales of 2.95 billion Saudi Riyals (US$787.15 million)
December of 2018.
increase of 3.5%
versus 2017, when the company's sales were 2.85 billion Saudi Riyals.
Sales at Al Rajhi for Cooperative Insurance have increased during each of the previous five years
(and since 2013, sales have increased a total of 465%).
Sales of Health saw an increase
that was more than double the company's growth rate: sales were up
62.2% in 2018, from
330.52 million Saudi Riyals to 536.26 million Saudi Riyals.
Al Rajhi for Cooperative Insurance also saw significant increases in sales in
Saving and Protection (up 41.6% to 64.67 million Saudi Riyals)
General (up 39.1% to 37.18 million Saudi Riyals)
Not all segments of Al Rajhi for Cooperative Insurance experienced an increase in sales in 2018:
sales of Motor fell 6.8% to 2.24 billion Saudi Riyals.