Saudi Arabia: All 25 listed insurers post profits in 2023

Published on March 1, 2024
2023 has seen the Saudi insurance industry bounce back strongly to profitability after an extremely challenging 2022, without any insurer reporting a net loss, points out Badri Management
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IGI anticipates full year 2023 net income to hit $118.2m

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In its preliminary results, International General Insurance (IGI) has revealed that full year 2023 net income will reach $118.2 million, up from $89.2 million in 2022.IGI also anticipates an increase in gross written premiums to $688.7 million for the full year 2023, representing growth over 2022 of 18.3%.Meanwhile, book value per share is expected to increase to $12.40 for the full year 2023, an

AXA XL names Steddon Head of Crisis Management, UK & Lloyd’s and GCUO

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