Saturday 15 / August / 2026
Muscat: The net profits of insurance and takaful companies listed on the Muscat Stock Exchange (MSX) rose in the first half of this year to OMR20.9 million, recording a growth of 5 percent compared to the same period last year, which amounted to OMR19.9 million.
The financial results indicated an improvement in the performance of most listed companies, while 3 companies recorded a decline in their net profits. Liva Group topped the list with net profits of OMR4.4 million, but at the same time it recorded a decline from the profits it recorded in the first half of last year, which exceeded OMR8.8 million.
Dhofar Insurance Company recorded a net profit increase of approximately 55 percent, rising from OMR2.6 million to OMR4 million. Oman Reinsurance Company also recorded a growth of 49.5 percent in its net profit, which rose from OMR2.2 million to OMR3.3 million. Oman United Insurance Company recorded a remarkable growth in its net profit, which rose from 991,000 to OMR3.2 million.
The net profit of the Omani Qatari Insurance Company increased from OMR1.8 million to OMR2.7 million, and the net profit of Al Madina Takaful Company increased from 813,000 to OMR1.629 million.
The sector’s profits were affected by the decline in net profits of Arab Falcon Insurance Company, which fell from OMR1.53 million to 491,000, and the decline in profits of Takaful Oman Insurance from OMR1.17 million to OMR1.669, recording the lowest level of net profits among insurance and takaful companies listed on the Muscat Stock Exchange.
Insurance and Takaful companies listed on the Muscat Stock Exchange confirmed in reports submitted to their shareholders the improvement in the overall performance of the sector, expecting continued growth in the second half of this year. However, they pointed to several challenges facing the sector, including the rise in claims, especially in the property and vehicle insurance branches, explaining that this rise put pressure on profits during the first half of this year.
The companies are working to reduce the impact of these challenges by working to enhance overall performance, intensifying its efforts to develop its business, increasing investment returns, focusing on developing claims management, enhancing underwriting discipline, and improving the quality of the insurance portfolio. They are also continuing to diversify its business areas to maintain its competitiveness in light of the many challenges facing the sector resulting from climate change and geopolitical conditions and the pressures they place on the sector’s performance.
The improvement witnessed by the sector was reflected in the market value of insurance and takaful companies listed on the Muscat Stock Exchange, which rose at the end of last June to OMR334.9 million, compared to OMR306.4 million in December 2025, recording market gains of OMR28.5 million. Liva Group topped the list with a market value of OMR143.4 million, Dhofar Insurance came in second with a market value of OMR39.5 million, while Oman United Insurance came in third with a market value of OMR36.1 million, Oman Qatar Insurance came in fourth with a market value of OMR29.6 million, and Oman Reinsurance came in fifth with a market value of OMR28.1 million.
At the level of stock prices, Dhofar Insurance shares recorded the highest rise, increasing by 103 baisa from 237 baisa in December to 340 baisa in June. Liva Group shares rose by 30 baisa to close at the end of June at 360 baisa. Al Madina Takaful shares rose from 96 baisa to 121 baisa. Oman United Insurance shares rose from 339 baisa to 344 baisa. Arab Falcon Insurance shares rose from 135 baisa to 140 baisa. Takaful Oman Insurance shares rose from 60 baisa to 64 baisa. Oman Reinsurance shares remained stable at their previous level of 85 baisa. Oman Qatar Insurance shares recorded a decline from 192 baisa to 184 baisa. Muscat Insurance shares declined from 790 baisa to 580 baisa.
