By : Wael Magdy

Sukoon Insurance has announced its financial results for the first quarter of 2026, marking a steady start to the year with a solid performance across key financial indicators. Building on the progress achieved over the past year, the company recorded consistent gains, supported by disciplined underwriting, stable investment returns, and demand across its core business lines.

For the period, Sukoon reported a Gross Written Premium of AED 2.3 billion, a 19% increase year-on-year. Insurance service results rose to AED 115.1 million, up 28%, while investment income reached AED 80.5 million, an increase of 9% compared to the same period last year. Profit before tax stood at AED 141.7 million, a 24% rise year-on-year, driven by an improved operational performance and a prudent income‑focused investment portfolio.

The company’s financial position remains robust, with total equity reaching AED 3.34 billion, an 11% increase year-on-year. Sukoon maintains a strong solvency ratio of approximately 265% as of 31 December 2025 (post-dividend), alongside its A rating from Standard & Poor’s and A2 rating from Moody’s, underscoring that it’s financially sound and carries disciplined risk management.

Commenting on the results, Hammad Khan, Interim CEO and Chief Financial Officer at Sukoon Insurance, said “Q1 marks a steady start to the year, with growth across our core lines and a firm grip on underwriting discipline. Performance remains consistent across all areas of the business, supported by careful risk selection and close attention to customer needs. Looking ahead, Sukoon is set to build on its progress through the year, with emphasis on service delivery, digital capability, and product offerings that respond to evolving customer expectations.”