Oman Re's net profit jumps 54% to over US$12m in 2025

Source: Middle East Insurance Review | Apr 2026

Oman Reinsurance Company (Oman Re), the Sultanate’s first and only reinsurer, has announced strong financial results for the year ended 31 December 2025, reflecting sustained growth, disciplined underwriting and strategic resilience.

Net profit after tax recorded a significant 54% increase, reaching OMR4.6m ($12.1m) in 2025, compared to OMR3.0m in 2024. This strong performance was underpinned by a 37% improvement in net reinsurance results, which increased to OMR2.8m from OMR2.0m in the prior year, the reinsurer said in a statement. The company’s combined ratio improved by 1.1 percentage points to 93.4%, compared to 94.5% in 2024, reflecting consistent underwriting discipline and effective cost management.

The company’s reinsurance revenue reached OMR54.3m, representing a 9% increase compared to OMR49.9m in 2024. M

Comment | Print

Name*

Email*

Comment*

Code Verification*

Enter the code shown above in the box below.

Note that your comment may be edited or removed in the future, and that your comment may appear alongside the original article on websites other than this one.