Standard and Poor's BBB+ (stable)
Since its first year of operation Saudi Re maintained the rating of BBB+ from S&P. The strengths highlighted by S&P included:
- Strong capitalization (capital of SAR 810 million, USD 216 million) relative to gross premium written.
- Balance-sheet factors (investments, liquidity, reserves, and capitalization) expected to remain strong in the long term.
- Competitive advantages as the only domestic reinsurer in the Kingdom of Saudi Arabia.
Standard & Poor’s “gcAA+” (stable)
Gulf Cooperation Council (GCC) regional scale rating with a Stable outlook.