Insurance Operations Lift Saudi Sector Profits 24.3% to Nearly $500 Million

Saudi Arabia's insurance sector has entered a new phase of growth, driven by improved insurance service results, greater operational efficiency, and stronger claims and risk management. This has translated into higher profits for listed companies, which rose by about 24.3 percent in the first half of 2026 to 1.87 billion riyals ($498.6 million). The increase signals an improved ability across the sector to convert growth in business activity and premiums into more sustainable profitability.