Qatar Insurance Company (QIC) said its net profit for the first nine months of 2026 fell 4.3% from a year earlier to QR562.5 million, as claims linked to the regional conflict weighed on its underwriting result.
Insurance revenue rose 14% to QR7.4 billion, the company said in results reported by Gulf Times on Tuesday. Gross written premiums increased 9% to QR8.5 billion.
Net profit attributable to shareholders was QR550 million. Earnings per share were QR0.104.
Third-quarter net profit fell 3.3% to QR197.4 million, while quarterly insurance revenue rose 12% to QR2.66 billion, CNBC Arabia reported. Profit before tax for the nine months fell to QR616.3 million from QR714 million a year earlier.
The insurance service result fell 4.7% to QR336 million. The company attributed the decline to claims and reserving related to the regional geopolitical conflict, along with higher claims costs.
Investment income rose 5.6% to QR749 million, for an investment yield of 5.6%. The figure includes a one-off gain from the sale of 13.75% of QIC’s stake in Oman’s Beema during the period. Excluding that gain, investment income was broadly stable.
Group Chief Executive Salem Al Mannai said the company’s exposures were “adequately reserved on an actuarial best-estimate basis” and that it continued to monitor developments as the situation evolved.
Chairman Sheikh Hamad bin Faisal Al Thani said QIC had sustained its earnings and maintained a strong capital position through nine months of what he called an exceptional and continuing event.
