QIC delivers resilient net profit of QR365m in H1 2026
<p>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.</p> <p>The Group absorbed the impact of an exceptional regional geopolitical conflict, an event without recent precedent for the sector, while holding earnings…
Qatar Insurance (QIC) reported a resilient net profit of QR365 million for the first half of 2026, despite the impact of a significant regional geopolitical conflict. The insurance giant's underwriting portfolio, strong balance sheet and reserves, and disciplined risk management framework helped offset the conflict's effects on its insurance service result.
QIC's overall insurance revenue increased by 15% to QR4.8 billion, with double-digit growth in premiums and higher investment income. Net profit attributable to shareholders was QR354 million. Chairman Sheikh Hamad bin Faisal Al Thani emphasized the Group's strength and resilience, while CEO Salem Al Mannai highlighted the importance of disciplined underwriting and a high-quality investment portfolio.
The conflict affected QIC's insurance service result, but the company's diversified franchise and prudent risk management allowed it to maintain shareholder value and a strong capital position. The Group's focus remains on underwriting quality and profitability through the cycle, with plans to expand its digital ecosystem and international franchise.
Written by urgent.news from The Peninsula Qatar Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
