Salama Cooperative Insurance Company SJSC operates in the Fire, marine, and casualty insurance sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Salama Cooperative Insurance Company SJSC with three other
companies in this sector in Saudi Arabia:
Allianz Saudi Fransi Cooperative Insurance Company SJSC
(2018
sales of 628.53 million Saudi Riyals [US$167.61 million]
of which 60%
was Vehicles),
Walaa Cooperative Insurance Company SJSC
(844.86 million Saudi Riyals [US$225.30 million]
of which 78%
was General Insurance/Motor), and
Al Etihad Cooperative Insurance Co SJSC
(780.32 million Saudi Riyals [US$208.09 million]
of which 71%
was Motor).
Sales Analysis.
Salama Cooperative Insurance Company SJSC reported sales of 746.16 million Saudi Riyals (US$198.98 million)
for the
year ending
December of 2018.
This
represents
an
increase of 7.7%
versus 2017, when the company's sales were 692.85 million Saudi Riyals.
Sales at Salama Cooperative Insurance Company SJSC have increased during each of the previous five years
(and since 2013, sales have increased a total of 305%).
Sales of Health and Medical Insurance saw an increase
that was more than double the company's growth rate: sales were up
43.4% in 2018, from
59.14 million Saudi Riyals to 84.80 million Saudi Riyals.
Salama Cooperative Insurance Company SJSC also saw significant increases in sales in
Property and Casualty (up 17.6% to 10.28 million Saudi Riyals)
.