Rating - Saudi Re

Rating

Standard and Poor's BBB+ (stable)

Since its first year of operation Saudi Re maintained the rating of BBB+ from S&P. The strengths highlighted by S&P included:

  • Strong capitalization (capital of SAR 1 billion, USD 267 million) relative to gross premium written.
  • Balance-sheet factors (investments, liquidity, reserves, and capitalization) expected to remain strong in the long term.
  • Competitive advantages as the only domestic reinsurer in the Kingdom of Saudi Arabia.      
 

Standard & Poor’s “gcAA+” (stable)

Gulf Cooperation Council (GCC) regional scale rating with a Stable outlook.