Page 63 - 33rd Edition GAIF Pre-Conference May 2022 Issue 606

MENA INSURANCE COS RANKED BY PREMIUM WRITTEN - YEAR 2020

(US$000)

Rank Company Name Country Premium Premium Assets Assets Shareholders Shareholders Net Profit Net Profit Roe Rating
Written 2020 Written 2019 2020 (%)
2019 Equity 2020 Equity 2019 2020 2019
158,600
130 VISION OMAN 59,410 66,680 91,100 161,830 38,850 38,400 2,920 3,170 7.52
131 INSURANCE HOUSE UAE 59,130 64,300 154,210 91,100 37,060 35,960 3,000 4,350 8.09
132 EGYPTIAN TAKAFUL NON LIFE EGYPT 59,000 48,340 175,750 103,390 32,210 10,630 10,830 33.00
133 AMI TUNISIA 57,600 60,020 191,890 175,750 24,100 5,600 4,800 5,100 19.92
134 NATIONAL / IRAQ IRAQ 55,730 71,100 209,640 194,000 151,030 24,100 10,060 15,000 6.66
135 AHLIA / OMAN OMAN 55,310 62,190 123,820 213,740 103,450 181,000 11,410 10,680 11.03
136 MIDDLE EAST / JORDAN JORDAN 55,300 58,000 134,150 122,440 54,340 102,590 1,610 1,900 2.96 B+(AM Best)
137 NATIONAL / PALESTINE PALESTINE 54,910 52,100 272,000 116,420 49,970 54,310 7,810 7,100 15.63
138 BURUJ KSA 53,950 81,500 251,100 243,720 118,540 42,160 4,550 4,100 3.84 Baa2 (Moody’s)
139 SABB TAKAFUL KSA 53,780 41,380 192,400 232,590 77,550 116,850 -7,080 -5,090 -9.13
140 TRUST / LIBYA LIBYA 52,400 55,350 223,400 210,410 10,250 85,700 1,700 1,910 16.59
141 MATU MOROCCO 51,320 42,930 206,150 228,200 11,570
142 ALAMIYA (RSA) KSA 50,800 58,650 74,580 235,700 7,500 - - -
143 T’AZUR BAHRAIN 50,310 50,310 184,280 74,580 107,640 6,100 -1,640 4,000 -1.52
144 MAE TUNISIA 50,240 35,918 60,600 157,100 108,800 1.68
145 AFRICAN (1) LIBYA 49,100 49,100 161,850 60,600 51,100 860 860 4.92
146 LLOYD TUNISIEN TUNISIA 48,540 40,300 110,220 153,890 39,200 51,100 1,930 N/A
147 GENERAL TAKAFUL QATAR 48,530 52,700 119,000 10,550 31,590 -
148 ISLAMIC SUDAN 48,300 33,510 N/A 29,450 10,550 - - 12.97
149 ADIR / LEBANON LEBANON 47,640 70,770 315,000 N/A 27,560 25,640 3,820 3,060 14.73 B++ (AM Best)
150 ARABIA FALCON (AFIC) OMAN 47,550 43,960 191,500 351,150 33,800 4,060
151 QNB LIFE EGYPT 45,460 40,160 242,000 163,000 N/A 10 -
152 BH ASSURANCE TUNISIA 45,090 41,700 112,400 199,680 30,030 N/A N/A N/A -103.56
153 CARTE TUNISIA 44,800 27,050 132,830 111,480 50,620 56,260 -31,100 510
154 SAUDI ENAYA / KSA KSA 44,240 41,080 110,730 120,000 46,700 49,280 2,920 8.57 B++(AM Best)
155 MUSCAT OMAN 43,720 47,970 120,620 116,900 24,820 40,130 4,340 12,700 31.48
156 BIAT TUNISIA 43,480 43,520 170,320 139,970 47,420 22,590 14,700 3,360 13.78
157 MEDGULF / UAE UAE 43,210 39,200 174,470 32,200 42,400 3,420 3,080
158 IRAQ GENERAL IRAQ 42,310 48,100 - 43,480 39,770 -28,300 9.32
159 ASSUREX LEBANON 41,920 27,190 N/A - 13,610 42,260 4,420 -1,940 -23.51
160 MASHREK / LEBANON LEBANON 41,670 42,440 157,540 170,750 14,670 -7,570 4,150
161 MEDGULF TAKAFUL (1) BAHRAIN 41,400 41,400 68,310 81,300 - 2.12
162 TAKAFUL / PALESTINE PALESTINE 41,180 42,880 N/A 68,310 N/A - 920 - 23.51
163 GLOBAL UNITED PALESTINE 40,270 46,300 80,730 29,650 176,960 3,200 14,180
164 EGYPTIAN TAKAFUL LIFE EGYPT 40,000 39,300 78,920 N/A 3,030 31,100 -
165 ALLIANCE / ALGERIA ALGERIA 39,300 44,080 61,410 70,860 N/A - 900 -
166 EURO ARAB JORDAN 38,700 41,830 83,210 73,020 20,890 3,030 N/A 1,000 -2.26
167 SECURITE LEBANON 37,930 26,380 52,400 51,490 20,070 N/A -670 33.00
168 JOFICO JORDAN 37,190 42,890 80,750 83,210 15,920 1,000 N/A -
169 DELTA EGYPT 37,070 26,100 45,000 51,870 32,860 18,350 N/A 2,100 10.63
170 CTAMA TUNISIA 37,060 32,310 66,390 55,620 16,760 17,730 2,220 1,030 11.71
171 ROYAL EGYPT 37,000 32,570 99,100 47,400 25,300 13,710 2,350 10.24
172 GULF UNION / BAHRAIN BAHRAIN 36,300 39,500 78,020 51,620 17,820 32,860 1,630 560 12.23
173 SAHAM ASSISTANCE MOROCCO 36,170 48,620 62,100 124,100 30,120 15,780 4,020 4,050 10.26
174 SEIB QATAR 36,000 50,000 N/A 68,200 16,100 24,110 1,720 1,400 4.74
175 TRUST / ALGERIA ALGERIA 35,600 33,780 81,000 64,000 16,900 17,300 1,200 1,300 11.28
176 METLIFE / JORDAN JORDAN 35,000 36,750 70,200 19,200 23,510 2,010 2,030 24.07
177 SUEZ CANAL LIFE EGYPT 34,610 36,110 101,400 N/A N/A 17,000 7,250 5,810 -
178 SALAMA ALGERIA 34,430 43,260 100,300 108,000 32,000 15,420 N/A 28.64
179 PALESTINE PALESTINE 34,160 26,800 123,220 69,000 31,360 20,100 4,840 N/A -
180 CUMBERLAND LEBANON 33,490 29,600 64,360 101,345 20,170 4,840 -
181 SHARQ QATAR 33,400 30,000 46,700 93,910 10,300 N/A - 4.38 BBB (S&P)
182 2a (GIG) ALGERIA 33,300 32,410 80,250 126,430 32,310 36,000 N/A - 6.70
183 SAHARA LIBYA 32,400 37,100 58,000 48,210 12,440 30,000 1,400 N/A 28.66
184 GAM ALGERIA 32,200 31,800 46,100 52,810 8,720 20,170 2,100 1,400 36.02
185 ENAYA / KUWAIT (1) KUWAIT 32,000 32,000 36,700 49,400 5,780 1,870 9.53
186 WETHAQ TAFAFUL EGYPT 31,910 24,010 68,000 78,500 18,000 8,180 3,710 5,780 9.57
187 ISLAMIC / JORDAN JORDAN 31,820 34,280 63,460 58,000 10,800 32,810 3,080 3,160 -20.64
188 MOHANDES EGYPT 31,150 30,500 58,530 49,300 15,600 10,200 1,190 3,850 9.72 BBB+ (S&P)
189 ATTIJARI TUNISIA 31,050 28,730 67,550 36,100 37,000 10,600 -1,800 480 13.33
190 UNITED / JORDAN JORDAN 30,600 35,850 68,000 17,500 47,000 4,800 20 -
191 MASHREQ / PALESTINE PALESTINE 30,450 31,180 - 52,250 31,580 18,000 2,400 4,100 17.95
192 JERUSALEM JORDAN 30,350 29,390 - 56,040 22,670 11,020 2,370 -
193 ARABIA / JORDAN JORDAN 29,900 29,620 67,670 63,870 15,600 - 32.46
194 ASCANA UAE 29,700 38,400 51,660 - 37,000 2,800 - 14.66 A (Islamic R)
195 AJIG JORDAN 29,500 30,500 39,810 - - 13,480 2,750 34.19
196 SGBL INSURANCE LEBANON 29,410 38,180 127,000 55,240 15,600 28,910 - -
37,050 60,630 20,060 19,980 5,680 - -
261,490 50,700 15,080 4,630 4,610 8.14
39,150 86,900 - 7,750 2,550 8.37
143,000 12,440 19,870 6,830 5.84 B+(AM Best)
36,680 112,730 15,060 - 8.98
197,970 19,840 - - 14.23
14,520 1,270 1,560 -8.28
79,010 1,680 1,830
11,380 880 1,750
81,420 7,800
1,770 510
-9,330 -1,360
1,420
9,040

63 AL BAYAN ECONOMIC MAG - ISSUE 607 - JUNE 2022