Qatar: QIC holds earnings steady despite regional geopolitical headwinds
Source: Middle East Insurance Review | Oct 2026
Qatar Insurance (QIC), the leading insurer in Qatar and one of the largest across MENA, has delivered resilient net profits of QAR365m ($100m) in 1H2026, absorbing the impact of the regional geopolitical conflict as revenue growth and higher investment income underpin the result.
The net profit was 4.8% lower than that reported for 1H2025.
Insurance revenue rose by 15% to QAR4.8bn, Gross Written Premium grew by 4.3% to QAR5.9bn, and investment income rose by 2.8% to QAR477m, holding QIC profitability broadly steady while the insurance service result reflected conflict-related claims and reserving. QIC’s capital and balance sheet strength remained strong, the company said in a statement.
Other 1H2026 financial highlights
- Gross Written Premium: QAR5.9bn, up 4.3% year on year, underpinned by selective growth across QIC’s domestic, regional and international portfolios.
- Insurance service result: QAR202m, down 8.4% year on year, reflecting the regional geopolitical conflict. The reduction reflects claims and reserving related to the regional geopolitical conflict.
- Investment income QAR477m, up 2.8 % year on year, supported by QIC’s positioning through a period of shifting global rates. Investment yield was 5.3%.
- Net profit: QAR365m, down by 4.8% year on year while net profit attributable to QIC shareholders stood at QAR354m, down by 5.4% year on year
The company said, “QIC absorbed the impact of an exceptional regional geopolitical conflict, an event without recent precedent for the sector, while holding earnings broadly in line with the prior-year period.”
QIC enters the second half of 2026 with capital and balance sheet strength intact and continued momentum in its premium base and digital franchise. M