Investor Presentaiton

27 Capital Increase - 2022 Proposed rights issue boosts capital by 50% ahead of peak GWP growth and valuations All time high GWPs إعادة Saudi Re Turnaround to profitability sustained SAR M 556M 420M 245M 160M 107M 51M 1,116M 986M 201% 942M 935M 189% 805M 793M 722M Net Loss Ratio 146% 114% 105% 92% 101% 100% 103% 100% 97% 96% 99% 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Promising Growth Opportunities 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Valuation: Offers nice discount to TERP 30% 23.1% 27.1% 20% 10% 0% -10% -20% 2010 14.2% 9.6% 6.8% 1.5% 1.3% 2011 2012 2013 2014 I GDP (y/y growth) -13.5% -1.4% 0.30% 20.3% 0.25% 13.1 13.1 13.4 0.20% 4.0% 10.6 0.8% 9.9 9.9 0.15% 0.10% 0.05% -11.7% 0.00% 2015 2016 2017 2018 2019 Insurance Spend (GWPS/GDP) Public 9.7 8.6 8.0 8.5 6.8 7.2 16.6 17.1 13.8 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 www.saudi-re.com

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