QIC posts net profit of QR365 mn in H1
Tribune News NetworkDohaQatar Insurance Company (QIC), Qatar’s leading insurer and one of the largest insurance groups in the Middle East and North Africa, reported a resilient per...
Qatar Insurance Company (QIC) reported a net profit of QR365 million for the first half of 2026, marking a 4.8 percent decline year-on-year. The company's insurance revenue grew by 15 percent to QR4.8 billion, driven by an increase in Gross Written Premium (GWP) by 4.3 percent to QR5.9 billion. Investment income also rose by 2.8 percent to QR477 million, with an investment yield of 5.3 percent.
Despite a 8.4 percent decline in the insurance service result, QIC's results demonstrated the strength and diversification of its underwriting portfolio, balance sheet, and reserves, supported by disciplined risk management. The Group's Chairman and CEO attributed the results to operational strength, disciplined underwriting, and a high-quality investment portfolio, which enabled QIC to absorb the impact of an exceptional geopolitical event while continuing to grow insurance revenue and investment income.
Brief written by urgent.news from Qatar Tribune Business's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
