E-Paper
Sign In
Top 5 firms account for 73% of UAE insurers’ Dh3.7 billion profits last year
Data showed that the top five insurers reported Dh2.7 billion, a 29 per cent increase year-on-year, while other players grew profits by 135 per cent, reaching Dh985 million
- PUBLISHED: Thu 19 Feb 2026, 12:44 PM
The UAE-listed insurance firms’ net profit jumped 47 per cent to Dh3.7 billion ($1 billion) in 2025 compared to Dh2.5 billion in the previous year on the back of technical margins supported by risk-based pricing, portfolio rationalisation, and regulatory oversight from the Central Bank of the UAE, according to Badri Management Consultancy.
Data showed that the top five insurers reported Dh2.7 billion, a 29 per cent increase year-on-year, while other players grew profits by 135 per cent, reaching Dh985 million.
Recommended For You
The top five companies accounted for nearly 73 per cent of the total profits recorded by the insurers in the UAE.
Orient Insurance remained the most profitable company of 2025 with a Dh836 million profit, followed by Daman, Adnic, Sukoon and Dubai Insurance Company.
“Improved technical margins supported by risk-based pricing, portfolio rationalisation, and regulatory oversight from the Central Bank of the UAE (CBUAE) underpinned this performance,” said Hatim Maskawala, managing director of Badri Management Consultancy.
“With underwriting discipline now firmly embedded, the sector enters 2026 from a stronger foundation. Continued rate adequacy, capital strengthening, and tighter governance are expected to support resilience amid potential increases in reinsurance costs and the impact of treaty renewals. Overall, 2025 confirms the UAE insurance industry’s sustained recovery, marked by robust revenue growth, improved profitability, and a more stable competitive landscape,” added Maskawala.
The UAE insurers took a hit in 2024 when unprecedented rains wrought massive damage to vehicles and properties, resulting in a spike in insurance claims.
Insurers in the UAE lost up to $2.5 billion (Dh9.175 billion) during the heaviest rains in 75 years, causing massive losses to properties and vehicles in Dubai, Sharjah and other northern emirates.
The UAE-listed insurers’ revenues grew 16 per cent to Dh50.1 billion in2025, up from Dh43.1 billion in 2024. Both top-tier and mid-sized insurers contributed equally, with the top five generating Dh35.1 billion, up 17 per cent. Other companies generated Dh15 billion, an increase of 15 per cent.
Orient Insurance led the market with Dh9.2 billion, reflecting sustained premium increases in motor and medical lines and continued market discipline.
