Strong underwriting and investment performance drive Sukoon’s 45% profit growth in Q3.
Dubai: Sukoon Insurance has reported another strong quarter, with its third-quarter 2026 results reflecting higher revenue, disciplined underwriting, effective claims management and resilient investment income. The performance highlights the company’s continued focus on profitable growth, maintaining a strong capital position and creating long-term value for policyholders and shareholders.
In the third quarter of 2026, Sukoon recorded insurance revenue of AED 5.4 billion, marking a 14 per cent year-on-year increase. Insurance service results climbed 82 per cent compared with the same period last year to AED 351.5 million, reflecting robust underwriting and effective risk management across its portfolio.
Investment income rose 12 per cent year-on-year to AED 230.6 million, supported by the company’s diversified, income-focused investment strategy. Profit before tax consequently increased 45 per cent to AED 438.4 million, compared with AED 303.2 million in the corresponding period last year. The growth was driven by continued operational discipline and improved profitability across the business.
Sukoon also maintained a strong financial position. Total equity reached AED 3.69 billion, up 10 per cent year-to-date, while total investments stood at AED 8.4 billion, an increase of 13 per cent over the same period. The company reported a solvency ratio of approximately 260 per cent as of June 30, 2026, comfortably above the regulatory minimum of 100 per cent and underscoring its capacity to meet long-term policyholder commitments.
Commenting on the results, Hammad Khan, Interim CEO and Chief Financial Officer at Sukoon Insurance, said: “Our third-quarter performance reflects the consistent execution of our strategy and the strength of our underlying business. We have continued to grow revenue while significantly improving profitability, supported by disciplined underwriting, careful risk selection and a balanced investment approach. These results demonstrate the resilience of our business model and our ability to create sustainable value in a dynamic market environment.”
He added: “As we approach the final months of the year, we remain focused on strengthening customer experience, expanding digital capabilities and delivering solutions that meet the evolving protection needs of our customers. Sukoon Advantage, our ‘Beyond Insurance, Value Every Day’ proposition, reflects this commitment by extending meaningful everyday benefits to our Motor and Health customers and deepening our relationship beyond traditional insurance. With a strong balance sheet and healthy operational momentum, Sukoon is well positioned for continued growth.”
Sukoon continues to hold an A rating with a stable outlook from Standard & Poor’s and an A2 rating from Moody’s, reflecting its financial strength, prudent risk management and sustained operating performance.
