Doha, Qatar: Qatar Insurance (QIC, or ‘the Group’), the leading insurer in Qatar and one of the largest across the Middle East and North Africa, reported a resilient performance for the first half of 2026, with net profit of QR365m.
The Group 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.
The outcome reflects the strength and diversification of QIC’s underwriting portfolio, the quality of its balance sheet and reserves, and a disciplined risk-management framework built to withstand precisely this kind of shock. Double-digit growth in insurance revenue, up 15 % to QR4.8bn, together with continued premium growth and higher investment income, up 2.8 % to QR477m, more than offset the pressure the conflict placed on the insurance service result, underlining the resilience of the Group’s diversified earnings base.
The insurance service result moderated to QR202m, carrying the effect of claims and reserving associated with the conflict, while disciplined growth across the Group’s core markets supported the top line. Net profit attributable to QIC shareholders was QR354m.
Sheikh Hamad bin Faisal Al Thani, Chairman of the Board, said: “These results reflect the strength and resilience that define QIC. Even against this exceptional event, the Group has safeguarded shareholder value, maintained a strong capital position, and stayed the course on its strategic priorities. The Board is confident that QIC’s diversified franchise, prudent risk management and clear strategy will continue to deliver long-term value for our shareholders.”
Salem Al Mannai, Group Chief Executive Officer, said: “The first half of 2026 tested our sector with an exceptional geopolitical event, and Qatar Insurance faced it from a position of operational strength. Disciplined underwriting and a high-quality investment portfolio enabled us to absorb the impact on our insurance service result, while continuing to grow insurance revenue and gross written premiums, and increasing investment income. We maintain strong and sufficient reserves in line with actuarial estimates.”
He affirmed that QIC enjoys strong capital solvency, and is moving forward with executing our strategic priorities according to plan, including continuing to expand our digital ecosystem and international franchise. “Our focus is unchanged: underwriting quality and the profitability of our book through the cycle.”
The Group’s insurance service result for the period reflected the escalation of the conflict involving the United States and Iran, one of the most significant events for the insurance market in the period.
Insurance revenue rose 15 % to QR4.8bn in H1 2026, reflecting the earned growth of the Group’s in-force portfolio. Gross written premium, a measure of underwriting volume, increased 4.3 % to QR5.9bn, underpinned by selective growth across the Group’s domestic, regional and international portfolios, achieved while maintaining underwriting discipline in a softening global reinsurance market.
Investment income rose 2.8 % to QR477m, supported by the Group’s positioning through a period of shifting global rates. The investment yield was 5.3 %. QIC continued to extend its digital ecosystem. During the half, the Group expanded its QIC App with new travel solutions, including the conversion of loyalty “Coins” into Qatar Airways Privilege Club Avios, the ability to use Coins toward travel-insurance premiums, and new Hotels and Calendar features, alongside a partnership with Ooredoo to provide complimentary eSIMs to buyers of Mandatory Visitors’ Health Insurance.
The Group’s “Coins” loyalty programme surpassed 300 million points earned in its first year. QIC was named “Digital Insurer of the Year” and won “Best Insurance App” in the Qatar accolades at The Asset Triple A Digital Finance Awards 2026.
QIC enters the second half of 2026 with capital and balance sheet strength intact and continued momentum in its premium base and digital franchise.
While the Group remains alert to the course of the regional geopolitical conflict and to softening reinsurance conditions, its underwriting discipline, diversified portfolio and capital strength position it to continue creating value for shareholders and customers.
