September 2026
Largest Insurance Carriers Public Companies in Saudi Arabia
Benchmark revenue and EBITDA valuation multiples for public comps like
Bupa Arabia, Company for Cooperative Insurance, Al Rajhi Takaful, MEDGULF and Gulf Insurance Group.
 | Bupa Arabia for Cooperative Insurance Co is an insurance company based in Saudi Arabia. It offers a range of health insurance products and related services designed for businesses, individuals, and families. Its product portfolio includes Bupa Facilities, Corporate and International Health Plans, Bupa Aldeena, Bupa Arabia Family, and Bupa Saed. The company also offers services such as Bupa Click, Bupa Rahatkom, Bupa Hayatak Sah, and Bupa Tabeetmom, that address various healthcare needs, including maternity care, chronic disease management, international medical consultations, hospital coordination, and wellness and fitness initiatives provides The company's operating segments are: Corporate and SME & Others, with the majority of insurance revenue generated from the Corporate segment. | $42 | -4% | $6.3B | $6.1B | 1.1x | 17.1x | ||
| The Company For Cooperative Insurance is an insurance company. The company provides its customers with more than 60 types of insurance including medical, motor, fire, property, engineering, casualty, marine, aviation, Takaful, liability insurance and many other types of insurance. The purpose of the company is to transact cooperative insurance operations and all related activities including reinsurance and agency activities. The company is organized into business units based on its products and services and has seven reportable segments as follows, Medical, Medical Umrah, Motor insurance, Property and Casualty, General accidents- Hajj & Umrah insurance, Travel and COVID-19, Protection & Savings. | $24 | -33% | $5.5B | $5.1B | 1.0x | 13.4x | ||
| Al-Rajhi Co For Cooperative Insurance is engaged in the provision of cooperative insurance and reinsurance services. The purpose of the company is to conduct cooperative insurance operations and all related activities including re-takaful and agency activities. Its operating segments include Medical; Motor; Property and Casualty; and Protection and Savings. The company generates the majority of its revenue from the Motor segment. | $14 | -13% | $2.8B | $2.7B | 2.2x | 20.2x | ||
| The Mediterranean and Gulf Insurance and Reinsurance Co is a Saudi Arabian insurance company with objectives to transact in cooperative insurance and reinsurance business and related activities. Its principal lines of business include medical, motor and other general insurance. It has three reportable operating segments: Medical insurance, which is the key revenue driver, and covers medical costs, medicines, and all other medical services and supplies; Motor Insurance, which provides coverage against losses and liability related to motor vehicles; and Other classes, which covers any other classes of insurance not included above. | $4 | -6% | $597M | $414M | 0.4x | 22.2x | ||
| Gulf Insurance Group operates in the insurance industry. The company's line of business includes health, motor, marine, property, engineering, accident, liability, and protection insurance. It has various segments, which include Motor, Property and Casualty, Health, and Protection. Maximum revenue is generated from its Motor insurance segment which is intended to compensate the policyholder for damage to the vehicle or liability to third parties due to an accident. | $9 | +22% | $453M | $406M | 1.1x | 8.9x | ||
| Median | $14 | -6% | $2.8B | $2.7B | 1.1x | 17.1x |
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