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Premiums grow 27% in Saudi Arabia: KPMG

Posted On: Dec. 28, 2022 9:17 AM CST


Advisory firm KPMG International Ltd. said that local insurers’ aggregate gross written premiums grew 27% year on year to 39.28 billion Saudi riyals ($10.45 billion) in the third quarter, Arab News reported. The insurers’ net profit after zakat and tax grew 6% to SAR566.12 million.