UAE: 2025 set to be record-breaking year for Sukoon
Source: Middle East Insurance Review | Dec 2025
Sukoon Insurance,among the top five insurers in the UAE, has announced a 56% year-on-year (YoY) surge in profit before tax to AED303.2m ($82.3m) for the first three quarters of this year (3Q2025), exceeding its full-year 2024 profit.
For the full year 2024, Sukoon’s pre-tax profit jumped by 12.8% to a record high of AED291.5m, compared to 2023.
Insurance revenue in the first nine months of this year grew by 20% year on year to AED4.7bn, while insurance services rose by 23% YoY to AED193.3m. Investment income stood at AED 205.2m, reflecting a 54% YoY increase.
The results are driven by the company’s strong underwriting performance and disciplined investment strategy.
In a statement, Mr Hammad Khan, interim CEO and CFO of Sukoon, said, “The UAE’s strong GDP growth is driving a surge in the insurance sector, powered by rapid economic expansion, digital transformation, and growing consumer awareness. “With momentum building, 2025 is set to be a landmark year for the industry.” M