Sukoon Insurance Q3 profit climbs 45% to Dh438.4 million
Dubai-based Sukoon Insurance posted a 45% rise in pre-tax profit for the third quarter of 2026, supported by higher revenue and stronger underwriting.
Sukoon Insurance said its profit before tax for the third quarter of 2026 rose to AED 438.4 million, compared with AED 303.2 million in the same period last year. Insurance revenue grew 14% year-on-year to AED 5.4 billion, while the insurance service result increased 82% to AED 351.5 million. Investment income reached AED 230.6 million, up 12%.
The company's total equity was AED 3.69 billion, up 10% year-to-date, and its total investments reached AED 8.4 billion, a 13% increase over the same period. Its solvency ratio stood at about 260% as of 30 June 2026, well above the regulatory minimum of 100%.
Interim CEO and Chief Financial Officer Hammad Khan said the results reflected disciplined underwriting, careful risk selection and a balanced investment approach. The company said it continues to hold an A rating with a stable outlook from Standard & Poor's and an A2 rating from Moody's.