Moody’s said Saudi Re’s rating reflects its brand strength and market position in Saudi Arabia
Saudi Reinsurance Co. (Saudi Re) said Moody’s maintained its A2 insurance financial strength rating on the global scale, the company said in a statement to Tadawul. 
The rating reflects Saudi Re strong brand and market position as the domestic reinsurer, as well as its growing presence in the Middle East, Asia and Africa.
It further implies its market presence through the right of first refusal over part of reinsured insurance premiums, as well as its strong asset quality, its conservative investment portfolio, and capital adequacy, both in terms of capital levels and relatively limited exposure to natural catastrophe risks.
The rating also underpins consistently high profitability, strong financial resilience and the absence of financial leverage, as well as the access to capital markets in Saudi Arabia thanks to the stock Tadawul listing, in addition to its broad investor base, according to the statement.
According to data available on Argaam, Saudi Re announced in April 2025 that Moody’s had upgraded its credit rating to “A2” from “A3”. Additionally, SP Global Ratings affirmed in November the company’s rating at “A-”, while revising the outlook to positive from stable.
Moody’s said Saudi Re’s rating reflects its brand strength and market position in Saudi Arabia
Saudi Reinsurance Co. (Saudi Re) said Moody’s maintained its A2 insurance financial strength rating on the global scale, the company said in a statement to Tadawul.
The rating reflects Saudi Re strong brand and market position as the domestic reinsurer, as well as its growing presence in the Middle East, Asia and Africa.
It further implies its market presence through the right of first refusal over part of reinsured insurance premiums, as well as its strong asset quality, its conservative investment portfolio, and capital adequacy, both in terms of capital levels and relatively limited exposure to natural catastrophe risks.
The rating also underpins consistently high profitability, strong financial resilience and the absence of financial leverage, as well as the access to capital markets in Saudi Arabia thanks to the stock Tadawul listing, in addition to its broad investor base, according to the statement.
According to data available on Argaam, Saudi Re announced in April 2025 that Moody’s had upgraded its credit rating to “A2” from “A3”. Additionally, SP Global Ratings affirmed in November the company’s rating at “A-”, while revising the outlook to positive from stable.
