The UAE listed insurance industry maintained its strong momentum through 1H2026, with insurance revenue growing by 14% to AED28.0bn [$7.6bn] (1H2025: AED24.6bn), according to BADRI Management Consultancy, an international actuarial and risk consulting company.
In the “UAE Listed Insurance Industry Performance Analysis – 1H2026 Preliminary Report”, BADRI said that insurance service results improved by 16% to AED1.8bn (1H2025: AED1.6 bn), supported by a notable improvement among mid-sized companies. Investment income rose by 13%, reaching AED1.4bn.
Net profit for the industry increased by 12% to AED2.2bn (1H2025:AED 2.0bn), with the top five insurers contributing AED1.58bn (9% growth).
Investment income also increased by 13%, reaching AED1.4bn.
Looking ahead
The report said, “Looking ahead to 2H2026, the industry enters the second half of the year from a position of underlying strength, supported by healthy revenue growth, improving technical performance and a favorable overall combined ratio. It is encouraging to note that the companies are currently avoiding the temptation to reduce prices in search of greater market share.”
However, inflation in motor repair costs due to geopolitical developments could be an area of concern for the market. Moreover, continued vigilance will be required around reinsurance costs following treaty renewals, claims management and regulatory expectations around capital adequacy and market discipline.
2025
The 1H2026 financial results built on the momentum seen in 2025 when insurers’ combined profits surge 54% to over $1bn, driven by investment returns.
Insurance companies in the UAE posted a combined profit of AED4.0bn ($1.09bn) in 2025, 53.8% higher compared to AED2.6bn in 2024, according to the Central Bank of the UAE (CBUAE) in its “Annual Statistical Report for the Insurance Sector of the UAE, 2025”.
Other highlights in the CBUAE report include:
- Gross written premiums increased by 14.9% y-o-y to AED74.8bn.
- Gross paid claims increased by 11.0% y-o-y to AED46.2bn. This increase was primarily driven by a 13.8% y-o-y rise in claims paid in property and liability insurance, particularly in marine insurance claims, which rose by 34.7% y-o-y.
- The total number of insurance companies decreased from 59 at the end of 2024 to 58 at the end of 2025.
The CBUAE, in its “Financial Stability Report 2025”, highlighted the continued resilience of the insurance sector, whose total assets rose to ~AED164.9bn ($44.9bn) at 31 December 2025, from ~AED155.5bn at the end of 2024. The sector also maintained an adequate solvency position. M