LIVA Insurance Company

LIVA Insurance Company (formerly known as Al Alamiya for Cooperative Insurance) is a Saudi joint-stock company operating in the insurance sector, specifically in diversified insurance. The company provides a range of insurance products including motor, medical, property, casualty, and protection and savings products. It underwrites both retail and corporate risks, distributing its products through a network of agents, brokers, and direct channels. LIVA is licensed by the Saudi Central Bank (SAMA) and operates under the cooperative insurance model mandated in Saudi Arabia.

The company generates revenue primarily from insurance premiums (written and earned), with additional income from investment returns on its insurance float. Its key revenue lines include motor insurance (a mandatory line in Saudi Arabia), medical insurance (driven by mandatory health insurance for expatriates and private sector employees), and general insurance such as property and liability. The company also earns fee income from policy administration and reinsurance commissions. Recent financials show strong revenue growth of 27% year-over-year, with net income surging 293% due to improved underwriting performance and lower claims.

LIVA competes in the Saudi insurance market, which is one of the largest in the Middle East. The industry is highly regulated and fragmented, with over 30 listed insurers. LIVA is a mid-tier player by market cap (SAR 417.6 million) and focuses on profitability rather than scale. Its valuation metrics (P/E 13.4, P/B 0.88) suggest it is reasonably priced relative to peers. The company has zero debt and a high free cash flow yield of 33%, indicating strong cash generation. Competitive advantages include a conservative underwriting approach and a diversified product mix.

The company serves both individual and corporate customers in Saudi Arabia. Its target audience includes Saudi nationals and expatriates requiring mandatory motor and medical insurance, as well as businesses seeking property, liability, and employee benefits coverage. All operations are domestic, with no international exposure. The geographic market is exclusively Saudi Arabia, where regulatory tailwinds (compulsory insurance) drive demand.

An auto-generated descriptive profile based on company data, for informational purposes only.