Sukoon Insurance, among the UAE's five biggest insurers, has announced its financial results for the first half of 2026, delivering a strong performance across its core business lines and building on the positive momentum achieved at the start of the year.
The results reflect continued growth in premiums, improved underwriting performance and stable investment returns, reinforcing the company's position as one of the UAE's leading insurers.
In the first six months of 2026, profit before tax increased to AED302.8m ($82.5m), representing a 39% year-on-year rise driven by improved underwriting performance and stable investment returns.
Sukoon reported Gross Written Premium of AED3.8bn, a 12% increase year-on-year. Insurance service results rose significantly to AED241m, up 68% compared to the same period last year, supported by disciplined underwriting and effective risk management. Investment income reached AED160.2m, an 11% increase year-on-year, reflecting the strength of the company's income-focused investment portfolio.
Sukoon’s financial position remains strong, with total equity reaching AED3.53bn, a 5% increase year-to-date, with an exceptionally strong solvency position of 260% (minimum requirement of 100%). Sukoon maintains its ‘A’ rating from Standard & Poor's and ‘A2’ rating from Moody's, reflecting its strong financial position and disciplined risk management.
Commenting on the results, Mr Hammad Khan, Interim CEO and CFO of Sukoon Insurance, said, “Our first-half 2026 financial results reflect the strength of our core business and our continued focus on disciplined execution. We have delivered healthy growth while improving profitability, supported by strong underwriting performance and stable investment returns. As we look ahead, we remain focussed on enhancing customer experience, advancing our digital capabilities and delivering sustainable long-term growth.”