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 :
Arabian Shield Cooperative Insurance Company SJSC
(2019
sales of 491.16 million Saudi Arabian Riyals [US$130.98 million]
of which 76%
was Health),
Allied Cooperative Insurance Group
(482.34 million Saudi Arabian Riyals [US$128.63 million]
of which 71%
was Vehicles), and
Wataniya Insurance Company SJSC
(499.20 million Saudi Arabian Riyals [US$133.12 million]
of which 75%
was Motor).
Sales Analysis.
Salama Cooperative Insurance Company SJSC reported sales of 522.12 million Saudi Arabian Riyals (US$139.23 million)
for the
year ending
December of 2019.
This
represents
a
sharp
decrease of 30.0%
versus 2018, when the company's sales were 746.16 million Saudi Arabian Riyals.
Contributing to the drop in overall sales was the 39.4% decline
in Vehicles Insurance, from 643.53 million Saudi Arabian Riyals to 390.12 million Saudi Arabian Riyals.
There were also decreases in sales in
Property and Casualty (down 18.3% to 8.40 million Saudi Arabian Riyals)
.
However, these declines were partially offset by the increase in sales of
Health and Medical Insurance (up 34.0% to 113.64 million Saudi Arabian Riyals)
.