Qatar Insurance Company (QIC) has reported gross written premiums of QR 8.5 billion for the first nine months of 2026, a 9% increase from the same period a year earlier.
QIC said the increase in gross written premiums was underpinned by selective growth across its domestic, regional and international portfolios, achieved while maintaining underwriting discipline in a softening global reinsurance market.
In 9M’26, insurance revenue rose 14% to QR 7.4 billion, sustaining the double-digit growth reported at the half-year and reflecting the earned growth of the Group’s in-force portfolio.
The insurance service result was QR 336 million, down 4.7% on the prior-year period. QIC noted that the reduction reflected claims and reserving related to the regional geopolitical conflict, which were absorbed alongside higher claims costs.
QIC posted a net profit of QR 562 million, down 4.3% year on year, and net profit attributable to QIC shareholders of QR 550 million, down 4%, as the conflict-related pressure on underwriting was largely offset by growth in premium and investment income.
Investment income increased 5.6% to QR 749 million for the first nine months of 2026.
Sheikh Hamad bin Faisal Al Thani, Chairman of the Board, said, “These results confirm the strength and consistency that define QIC. Through nine months of an exceptional and continuing event, QIC has sustained its earnings, 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, added, “The first nine months of 2026 have tested our sector with an exceptional geopolitical event that is still unfolding, and QIC has met it with consistency, quarter after quarter. Disciplined underwriting and a high-quality investment portfolio have allowed us to absorb the impact on our insurance service result and higher claims costs while continuing to grow insurance revenue, Gross Written Premium and investment income. Our exposures are adequately reserved on an actuarial best-estimate basis, and we continue to monitor developments closely as the situation evolves.
“We remain well capitalised and we are advancing our strategic priorities as planned, from the launch of QIC Market and the continued expansion of our digital ecosystem to the strengthening of our partnership with ASR across Africa and developing markets. Our focus is unchanged: the quality and profitability of our book through the cycle.”
