Page 64 - 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
571,540
063 METLIFE LEBANON 120,610 120,730 153,000 552,210 52,840 29,130 23,620 14,640 44.70 A+ (AM Best)
064 NOOR TAKAFUL UAE 119,620 109,810 152,220 39,510 34,600 6,270 1,340 15.87
065 GIG / JORDAN JORDAN 115,930 120,870 76,950 153,800 47,380 39,230 8,010 7,280 16.91 B++(AM Best)
066 Abu Dhabi National Takaful UAE 115,810 127,340 378,690 335,700 119,620 107,910 17.77 A- (AM Best)
067 SALAMA / KSA KSA 114,050 134,300 189,700 201,400 55,000 54,030 21,260 19,900
068 JORDAN INSURANCE JORDAN 112,000 114,800 126,400 127,000 56,350 50,820 1,000 -14,000 1.82 BBB- (S&P)
069 QATAR ISLAMIC INS. GROUP QATAR 111,000 111,080 305,000 320,590 110,000 105,000 4,250 7.54 B++(AM Best)
070 CNMA ALGERIA 109,160 119,640 275,130 252,700 124,270 112,510 2,100 18.91 B++(AM Best)
071 CASH ALGERIA 106,700 107,300 441,300 452,540 97,600 102,720 20,800 20,000 12.15
072 STAR TUNISIA 104,440 108,660 468,120 436,780 123,320 118,740 15,100 10,050 5.20
073 MADINA TAKAFUL OMAN 102,860 101,180 252,010 250,950 60,790 61,220 5,080 4.70
074 WARBA KUWAIT 101,550 398,620 386,840 122,700 123,600 3,410 7.65 Ba 1 (Moody’s)
075 SAGR COOP / KSA KSA 101,100 96,360 242,000 289,890 75,740 105,110 5,790 7,780 4.89 BBB (S&P)
076 AXA P&C EGYPT EGYPT 97,650 121,520 120,600 19,320 14,360 4,650 2,380 -37.31 BBB (S&P)
077 BNH BAHRAIN 97,580 294,310 75,990 160,790 150,140 6,000 3,660 36.08
078 TRUST / PALESTINE PALESTINE 96,640 62,400 204,530 280,450 60,920 56,180 -28,260 -10,600 8.62 B++(AM Best)
079 FIDELITY UNITED UAE 95,980 89,200 139,440 185,990 20,500 20,710 6,970 6.81
080 FIDELITY LEBANON 94,180 101,940 182,450 25,590 25,530 13,860 920 4.83
081 GIG / EGYPT EGYPT 93,700 60,220 140,460 99,030 50,570 41,980 4,150 13,250 4.65
082 ARABIA COOP KSA 92,390 100,700 179,260 148,590 59,140 57,600 24.11 B++(AM Best)
083 LIA LEBANON 91,440 82,190 362,060 114,010 48,830 67,380 990 3,670 5.53 B++(AM Best)
084 AXA ME / LEBANON LEBANON 90,330 88,650 213,370 199,300 24,540 28,990 1,190 390
085 SAUDI SOLIDARITY TAKAFUL (10) KSA 89,950 89,760 190,000 378,100 37,670 56,100 12,190 -
086 BEEMA QATAR 89,610 98,730 386,500 133,710 137,780 106,330 3,270 -2,220 -16.54 AA- (AXAGROUP)
087 ALLIANCE / UAE UAE 88,010 104,270 394,080 208,300 143,600 140,330 10,280 -49.46
088 AMANA COOPERATIVE KSA 87,870 93,200 122,650 367,840 24,600 41,970 N/A -10,000 17.96 B++(AM Best)
089 WATANIA / UAE UAE 87,740 77,700 140,680 373,330 28,340 27,240 -4,060 -5,600
090 DUBAI NATIONAL UAE 86,370 66,150 253,660 145,870 138,140 155,140 -18,630 -1,100 7.97 A - (AM Best)
091 AROPE / LEBANON LEBANON 85,900 93,950 440,120 129,770 158,180 158,180 24,750 -11,450 -70.04
092 GULF GENERAL KSA 85,580 103,810 114,050 294,450 43,210 42,200 11,450 11,510 17.71
093 ALINMA TOKIO MARINE KSA 84,350 101,660 176,270 440,120 53,750 55,300 -17,230 13,350 10.84 B++(AM Best)
094 KHALEEJ TAKAFUL QATAR 84,000 74,580 282,000 114,720 154,000 153,480 5,020 -9,290
095 WATHBA NATIONAL UAE 83,500 88,300 426,500 203,940 197,000 208,540 14,980 2.80
096 ORIENT TAKAFUL UAE 82,010 81,230 159,300 281,210 52,590 50,960 3,540 -2.88
097 LIBYA LIBYA 82,000 75,100 320,600 427,400 61,500 65,000 N/A 15,800 8.25 BBB (S&P)
098 OMAN QATAR OMAN 81,330 69,490 235,120 159,300 47,170 43,010 1,210 23,800 2.11 BBB- (S&P)
099 SOLIDARITY BAHRAIN 80,320 90,000 168,960 350,000 75,340 72,330 -1,550 3.12
100 OMAN UNITED OMAN 80,280 75,250 278,730 207,120 79,110 76,060 12,700 -250 8.78
101 KFH TAKAFUL KUWAIT 79,240 81,840 136,780 184,420 38,980 39,520 4,150 -10,200 11.68
102 DHAFRA UAE 79,100 81,020 265,500 276,180 108,450 106,820 1,640 10.87 B++(AM Best)
103 CAT MOROCCO 77,060 68,150 692,300 121,750 26,100 25,240 5,400 8,330 13.97
104 LIBANO SUISSE LEBANON 77,000 89,300 211,000 279,160 43,300 47,800 5,510 1,630 12.01 Baa2 (Moody’s)
105 METHAQ TAKAFUL UAE 76,840 72,270 179,800 691,100 20,980 22,910 8,190 15.86 B++(AM Best)
106 COMAR TUNISIA 75,280 81,300 202,180 179,400 72,130 75,210 11,050 280
107 CHUBB ARABIA KSA 73,260 77,120 202,640 186,740 94,060 86,000 4,680 7,000 - BBB- (S&P)
108 SUEZ CANAL EGYPT 71,410 75,730 111,380 207,200 17,700 16,900 17,200 3,370 -
109 ALLIANZ P&C / EGYPT EGYPT 70,400 68,860 115,610 181,250 31,300 23,830 7,700 -9.06
110 MAGHREBIA TUNISIA 68,500 64,170 134,700 104,470 31,150 29,940 N/A 8,860 8.80
111 BUPA / EGYPT EGYPT 67,990 52,860 144,250 40,730 39,360 - 5,830 10.44
112 FUJAIRAH NATIONAL UAE 67,300 60,160 159,000 94,000 85,830 77,380 21,530 19.44 B-(AM Best)
113 CIAR ALGERIA 66,750 64,920 171,870 133,150 46,030 46,030 -1,900 2,100 36.81
114 SHIEKAN SUDAN 66,700 74,930 123,400 6,350 10.85
115 AHLI TAKAFUL KSA 66,200 82,480 - 167,400 - - 9,820 - 8.00
116 TAKAFUL OMAN OMAN 65,650 45,660 290,350 143,460 66,700 64,550 3,440 540 11.74 Baa2 (Moody’s)
117 GAT TUNISIA 65,620 63,700 65,840 40,330 32,260 11,520 9,200 18.68
118 BANCASSURANCE LEBANON 64,300 65,670 183,300 - 35,150 34,220 3,380 8,600 -
119 FIRST (SOLIDARITY GROUP) JORDAN 64,200 60,480 451,830 287,000 33,400 33,400 3,260 4,990 5.62
120 UNION NATIONALE LEBANON 63,350 73,550 83,740 55,400 46,690 46,650 10,080 7,550 13.49
121 AMAN / UAE UAE 62,400 65,370 107,620 188,100 41,700 43,200 8,600 2,730 16.39
122 ALJAZIRA TAKAFUL KSA 62,390 70,810 362,070 415,830 23,160 20,430 1,890 -
123 MAROC ASSISTANCE INTL MOROCCO 62,340 68,120 538,870 85,640 126,230 115,900 - 8,440 4.88 B++(AM Best)
124 ORIENT TAKAFUL EGYPT 61,850 34,750 133,000 3,750 5,620 20.31 B+ (AM Best)
125 AL NISR AL ARABI JORDAN 61,780 56,830 N/A 342,770 N/A N/A 5,440 22.37 BBB- (S&P)
126 GROUPEMED (GMI) LEBANON 61,700 49,860 111,530 196,010 35,820 26,260 5,760 - 8.45
127 GIG TAKAFUL INT'L BAHRAIN 60,800 63,090 160,500 32,000 31,910 3,700 -
128 UNITED / YEMEN YEMEN 60,580 71,570 91,160 N/A 20,870 20,820 N/A 7,260 23.98 A+(AM Best)
129 ASTREE TUNISIA 60,070 57,780 109,700 93,920 29,700 26,810 2,280 5,240 18.19
39,360 63,260 147,750 30,280 27,210 8,470 -16,090 0.38
59,500 178,620 69,300 55,290 58,460 5,180 3,220 13.84
99,550 10,670 7,540 15.62
56,360 2,390
186,100 N/A 10,070
8,590
5,820 N/A
5,970
80 5,060
4,110 -400
4,730 2,740
7,510
N/A 18,270

2022 (ƒ«fƒj) ¿GôjõM - 607 O~©dG - ájOÉ°üàb’G ¿É«ÑdG 64