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Company data displayed is for sample purposes only and may not reflect the most current information available on Emerging Markets Information Service (EMIS).
Saudi Reinsurance Company (Saudi Re) (الشركة السعودية لإعادة التأمين)
Main Activities: Insurance Carriers
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Company Information |
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Full name Saudi Reinsurance Company (Saudi Re) (الشركة السعودية لإعادة التأمين) Headquarters P.O. Box 300259, Arch Tower, 6th Floor, King Fahed Road, Riyadh 11372.; Riyadh City; Al Riyadh |
Status: Listed Legal Form: Limited Liability Company Operational Status: Operational Financial Auditors: Deloitte Touche Tohmatsu (2012) Total Employees: 25 Tel: 966 12019798 |
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Company Description |
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Saudi Reinsurance Company (“Saudi Reâ€) is a Saudi joint stock company, founded in Riyadh in 2008 and is the first reinsurance company established in Saudi Arabia. The full legal name is “Saudi Re for Cooperative Reinsurance Companyâ€. Saudi Re offers life and non-life reinsurance products under the purview of the Saudi Arabian Monetary Agency (SAMA). These products are offered on both a facultative and treaty basis in most classes of business, both in Saudi Arabia |
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Company Analysis |
| According to the Individual - Audited financial statement for the Year of 2011, total net operating revenues increased with 48.51%, from SAR 107,475.185 thousands to SAR 159,609.384 thousands. The results of the period reached SAR -34,305.879 thousands at the end of the period against SAR 56.277 thousands last year. Return on equity (Net income/Total equity) went from 0.01% to -3.69%, the Return On Asset (Net income / Total Asset) went from 0.00% to -2.73% and the Net Profit Margin (Net Income/Net Sales) went from 0.05% to -21.49% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 35.02% compared to 21.51% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 1.00 to 1.00 when compared to the previous year. |
Key Executives |
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Companies with Similar Main Activities |
FULL COMPANY PROFILE
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2012 Y (non-cons) |
2011 Y (non-cons) |
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| Audited | Audited | |
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| Finglobe - MENA Spread Financial Statements | Finglobe - MENA Spread Financial Statements | |
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| Unit | Thousands | Thousands |
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Balance Sheet
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Total Assets |
1,288,699 |
1,255,641 |
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Current Assets |
683,759 |
283,431 |
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Total Liabilities |
349,724 |
325,649 |
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Shareholders Equity |
938,975 |
929,991 |
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Current Liabilities |
2,942 |
283,431 |
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| * All the accounts are in SAR. | ||
Income Statement
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Total Operating Revenue |
245,031 |
159,609 |
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Net Profit (Loss) |
28,951 |
-34,305 |
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| * All the accounts are in SAR. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
2.25% |
-2.73% |
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Annualised Return on Assets (ROA) |
2.25% |
-2.73% |
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Return on Equity (ROE) |
3.08% |
-3.69% |
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Annualised Return on Equity (ROE) |
3.11% |
-3.48% |
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Return on Sales (ROS) |
11.82% |
-21.49% |
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Gross Profit Margin |
100% |
100% |
| Efficiency Ratios | ||
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Current asset turnover |
0.36x |
0.56x |
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Fixed-asset turnover |
0.41x |
0.16x |
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Asset Turnover |
0.19x |
0.13x |
| Valuation figures and ratios | ||
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Enterprise value |
66,733 |
-50,554 |
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Bookvalue (BV) |
938,975 |
929,991 |
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Net Cash |
-66,733 |
50,554 |
| Liquidity Ratios | ||
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Current Ratio |
23,235.23% |
100% |
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Quick ratio |
23,235.23% |
100% |
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Doom's day ratio |
9,616.46% |
132.73% |
| Leverage Ratios | ||
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Leverage ratio |
137.25% |
135.02% |
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Debt to equity |
37.25% |
35.02% |
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Debt to total assets |
27.14% |
25.93% |
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Long Term Debt to Capital |
26.97% |
4.34% |
| Trend Ratios | ||
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Revenue Trend |
153.52% |
148.51% |
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Net Income Trend |
-84.39% |
-60,958.97% |
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