Hamad bin Faisal Al Thani: The increase in profits reflects the strength of our strategy and our ability to adapt to global changes
Salem Al Mannai: Offering products and services that meet customer needs and open new horizons for regional and international growth
Qatar Insurance announced achieving net profits of 588 million riyals during the first nine months of 2025, an increase of 12% compared to 525 million riyals for the same period in 2024, and earnings per share amounted to 0.135 riyals compared to 0.118 riyals in the same period last year.
This came following the Board of Directors meeting held yesterday, chaired by His Excellency Sheikh Hamad bin Faisal bin Thani Jassim Al Thani, Chairman of the Group’s Board of Directors, during which the financial results for the period were approved.
Commenting on the financial results, His Excellency Sheikh Hamad bin Faisal bin Thani Jassim Al Thani, Chairman of the Board of Directors of Qatar Insurance Group, stressed that the high financial results reflect the strength of the strategy and the ability to adapt to global changes, saying: “Achieving a 23% increase in net profits before the second pillar tax reflects the strength of our strategy and our ability to adapt to global changes, and demonstrates the commitment of all the group’s business units to excellence and innovation. Qatar Insurance is not just a market leader, but a model of sustainable leadership, combining product excellence, technological strength, customer focus and high-level governance. Our underwriting portfolio, supported by a long-term strategic vision, reflects a thoughtful balance between local, regional and international markets, ensuring sustainable and profitable growth even in times of economic uncertainty.”
Innovative products and services
For his part, Mr. Salem Khalaf Al Mannai, CEO of Qatar Insurance Group, said: “In 2025, we continued to strengthen Qatar Insurance’s position as an innovative leader in the insurance industry, by offering modern products and services that meet the changing needs of our customers and open new horizons for regional and international growth. We have successfully launched the first school fees insurance product and the first cyber insurance product for individuals in Qatar, and we are working to expand our portfolio with more innovative solutions before the end of the year.”
He added: “We also continue to focus on providing distinguished customer service and enhancing our operational efficiency to support our sustainable growth. We are also proud of our strategic investments in insurance technology companies, enhancing our auto insurance services, and expanding through our award-winning application “QIC App”, ensuring a seamless digital experience for our customer partners and strengthening our role in shaping the future of insurance in the region.”
Sustainable growth in core markets
Qatar Insurance stated in a statement that global economic growth expectations for 2025 were revised to reach 3.2% compared to 2.9% in the middle of the year, driven by the acceleration of production and trade before the increase in US customs duties, investments in artificial intelligence in the United States, and financial support in China (OECD). Despite this, growth represents a slight slowdown compared to 3.3% in 2024, with a further decline expected in 2026 due to global economic and political risks.
In contrast, the economy in the Middle East and North Africa region is expected to record moderate growth of 2.6% in 2025, while the annual growth rate of the Gulf Cooperation Council countries is expected to reach 4.1% in 2025 and 4.6% in 2026, driven by the recovering energy sector, economic diversification efforts, and reduced vulnerability to global customs duties.
The statement confirmed that Qatar Insurance benefited from this strong regional growth by strategically rebalancing its underwriting portfolio, as the share of written premiums from local and regional markets increased to 60%, compared to 54% last year, while the international share decreased to 40% to enhance profitability and financial sustainability.
Portfolio diversification and digital underwriting
Qatar Insurance continued to strengthen its underwriting portfolio by increasing premiums in the personal, health, marine and energy insurance sectors. The results of insurance services recorded 353 million riyals, which reflects the success of rebalancing and growth strategies based on technology and digital transformation.
In the field of innovation, Qatar Insurance launched the first school fees insurance product for individuals in Qatar, to cover cases of job loss, permanent disability, or accidental death, with compensation for exam fees when needed. It also launched the first cyber insurance product for individuals, to protect customers from cyber attacks, financial fraud, extortion and identity theft. Car insurance services witnessed the enhancement of the possibility of obtaining instant insurance through inspection centers or the digital application QIC App, and the content of the “QIC Reads” platform was expanded to simplify understanding the regulations related to vehicle registration.
Strong investment performance and earnings growth
Qatar Insurance’s diversified investment portfolio achieved a strong return on investment of 5% during the period, compared to 4.9% for the same period in 2024. Qatar Insurance also recorded a net profit of 588 million riyals during the first nine months of 2025, an increase of 12% year-on-year. The net profit attributable to shareholders of the parent company (excluding minority rights) amounted to 573 million riyals.
Expanding the group’s presence in Saudi Arabia
In line with the GCC growth strategy, the group has presented a comprehensive plan to launch a branch in Saudi Arabia, where the insurance market is expected to grow at a compound annual rate of 8.9% to reach 105.3 billion Saudi riyals by 2029. The operating model will be based on the group’s advanced technical architecture and regional expertise, while benefiting from regulatory reforms and the Saudi Vision 2030.
Future leaders and artificial intelligence
Qatar Insurance implemented the 2025 summer training program to develop the skills of outstanding students, and also organized intensive training programs for artificial intelligence to enhance the group’s brand, expand its presence in the markets, and enhance its relationships with stakeholders.
Leadership in Environmental, Social and Corporate Governance (ESG)
In line with Qatar’s goals to reduce emissions by 25% by 2030, Qatar Insurance has adopted a comprehensive environmental, social and corporate governance framework, and has become the first company in Qatar and the first insurance company in the MENA region to receive a AAA rating from MSCI, placing it among the best global insurance companies in sustainability and governance.
Awards and honors
Qatar Insurance won the title of “Insurance Company of the Year in Qatar” at the MENA IR Awards for the fourth year in a row. The QIC App has won several awards, including Customer Experience Initiative of the Year in Qatar, the most innovative application in Qatar, and the most prominent financial innovation in the Middle East. The group was also honored at Google Cloud Summit Doha 2025 for its leadership role in digital transformation and financial innovation. The group also topped the rankings of the 10 most valuable and powerful brands in Qatar, and Asset Management received recognition for excellence for the eighth year in a row, with two of its cadres ranked first as the most astute investors in the regional markets.
Supporting heritage and national development
In line with Qatar Vision 2030, the group continued its sponsorship of major national and cultural events, including the Katara International Hunting and Falcons Exhibition (S’hail 2025), the Katara International Arabian Horse Festival, the Commercial Bank Qatar Masters Championship 2025, and the Build Your Home 2025 exhibition, confirming its role as an official insurance partner and supporter of sustainable development.