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Sukoon Insurance said in a statement that the company generated AED 3.8 billion in gross written premiums during the first six months of 2026. The figure represents a 12 percent increase compared with the same period in 2025 and reflects robust new business generation along with portfolio expansion across its core lines. Insurance service results climbed 68 percent to AED 241 million over the period while investment income rose 11 percent to AED 160.2 million on the back of the firm’s income-focused portfolio.
Profit before tax reached AED 302.8 million according to the company’s announcement marking a 39 percent year-on-year gain driven by the improved underwriting performance. Total equity stood at AED 3.53 billion at the end of June a 5 percent increase since the start of the year. The insurer maintained a solvency ratio of 260 percent well above the 100 percent regulatory minimum and held on to its A rating from Standard and Poor’s together with an A2 rating from Moody’s.
The first-half performance builds directly on the momentum established in the opening quarter when Sukoon posted gross written premiums of AED 2.3 billion according to separate filings. That earlier result had already shown 19 percent growth from the year-earlier quarter and delivered a 24 percent rise in profit before tax to AED 141.7 million. The cumulative figures through June therefore demonstrate sustained execution across underwriting risk management and investment activities.
Hammad Khan interim CEO and chief financial officer at Sukoon Insurance said in the statement “Our first-half 2026 financial results reflect the strength of our core business and our continued focus on disciplined execution.” He added that the company delivered healthy growth while improving profitability supported by strong underwriting performance and stable investment returns. Khan noted the firm would continue enhancing customer experience advancing digital capabilities and pursuing sustainable long-term growth.
Sukoon which traces its origins to 1975 operates as one of the UAE’s leading insurers with more than 1.6 million policyholders and a network spanning all emirates plus Oman. The company achieved a record AED 7 billion in full-year gross written premiums for 2025 representing 19 percent growth from the previous year according to its own figures. Its business lines encompass motor health life and a range of general insurance products distributed through branches brokers bancassurance and digital channels.
The latest results arrive as the UAE insurance sector continues to expand with demand for both personal and commercial coverage rising in line with economic activity and population growth. Sukoon’s statement highlighted its focus on adapting to the evolving needs of individuals families and businesses across the country. The firm employs more than 700 professionals and maintains a customer-centric approach aimed at building long-term client relationships.
