Q1 2026 Highlights

• QIC delivered stable financial results despite a turbulent first quarter marked by geopolitical tensions and the conflict in the Middle East.
• Gross Written Premiums (GWP) totalled QAR 3.2 billion, up by 13% year-on-year.
• QIC reports an Insurance Service Result of QAR 130 million, a significant increase of 70% year-on-year.
• Net profit reached QAR 217 million, up by 6% year-on-year.
• Investment Income amounted to QAR 238 million, a 10% year-on-year increase.

Qatar Insurance (QIC) the leading insurer in Qatar and the Middle East and North Africa (MENA) region, today reported a Net Profit of QAR 217 million for the first quarter of 2026, a change of 6% from QAR 205 million for the same period in 2025. Following a meeting of the Board of Directors dated 30 April 2026, which was presided over by Sheikh Hamad bin Faisal bin Thani Jasim Al Thani, Chairman of QIC Group, the Board approved the financial results.

Sheikh Hamad bin Faisal Al Thani, Chairman of QIC Group, stated: “QIC’s financial results in Q1 2026 confirm the resilience of QIC and its strategic direction. In a turbulent first quarter marked by the conflict in the Middle East and the closure of the Strait of Hormuz. QIC’s underwriting portfolio continued to generate consistent, stable and reliable returns due to the QIC’s robust diversification strategy of balancing our strong growth business generated in Qatar and the MENA region, with income from our international operations and our investment portfolio, which once again provided a strong contribution to QIC’s results in highly volatile financial markets. Our operations, particularly in Qatar and the MENA region, once again successfully served our policyholders, uninterrupted, in a challenging environment, benefiting from our advanced digital transformation and ecosystems. In addition, AM Best and Standard & Poor’s both affirmed their A- financial strengths ratings for QIC with stable outlook, emphasising the strength of QIC’s balance sheet and our well-diversified business profile.”

Mr. Salem Al Mannai, Chief Executive Officer of QIC Group, said, “While the year started promising with declining inflation and strengthening growth, the open conflict between the USA, Israel and Iran and the closure of the Strait of Hormuz reversed these developments, severely affecting and threatening peoples’ life and business across the MENA region, Qatar, as well as the global economy.”

Mr. Mannai added, “Despite this challenging first quarter, QIC further expanded its products and services in Qatar, the MENA region with our presence in Dubai, Oman and Kuwait, and internationally through our Antares Lloyds Syndicate along with operations in Bermuda, Europe and Asia Pacific. Whilst already benefiting from our regional spread, we further built our diversification and strengthened our resilience through a well-balanced product portfolio, generating attractive growth and returns with our personal non-life, life and medical book, and our commercial lines business in Qatar and the MENA region , and internationally in marine and other speciality lines through our reinsurance book. QIC further strengthened its investments in technology, particularly during this period of uncertainty and disruption. Our pioneering role in insurtech and fintech, along with our award-winning app for motorists, has proven invaluable in maintaining seamless services for our customers.”

Mr. Mannai continued: “In Q1 2026, QIC has again been recognised as Insurer of the Year in Qatar by the prestigious MENA II Awards. In addition, QIC has been named “Digital Insurer of the Year in Qatar” and received the award for the “Best Insurance App in Qatar” at The Asset Triple A Digital Finance Awards 2026, applauding our efforts to transform the insurance and digital services landscape in Qatar and for launching our all-in-one digital ecosystem, which offers insurance and non-insurance services on a single platform.”

A challenging first quarter required a revision of our assumptions for 2026. Following the outbreak of conflict in the Middle East and the disruption of trade flows and energy supply due to the closure of the Strait of Hormuz, volatility increased once again, with growth expected to slow and inflation projected to rise. According to the IMF’s April 2026 projections, the MENA region is forecast to grow by 1.4% in 2026, down from the 3.7% growth expected for the full year as of October 2025. At the same time, inflation is expected to increase again, although its impact across the MENA region varies significantly, with oil and LNG-exporting countries experiencing a more limited effect compared to oil and LNG-importing economies, where the impact is expected to be more severe.

The global insurance markets started 2026 on a positive note. Competitive pressure intensified further in both the primary insurance and reinsurance markets, as well as in retrocession, with risk capacity widely available following the hard market years marked by tighter conditions and lower-than-average losses from natural catastrophes in 2025. QIC benefited from these market conditions in both international and regional markets. In personal and commercial insurance, QIC experienced improved reinsurance pricing and more flexible terms, while in reinsurance and international markets, the low loss environment and the favorable conditions established in prior years supported sustainable margins into 2026.

In the second part of Q1 2026, the market conditions changed dramatically with the onset of the Middle East conflict. Across the region, demand weakened, first affecting highly exposed specialty lines, including marine and aviation, as well as tourism-related activities. In addition, consumption is also seen to contract in motor insurance and some property lines as consumers cut back on spending. Despite the ongoing challenges, overall in Q1 2026, QIC generated 56% of QIC’s GWPs in its domestic and MENA operations, with 44% stemming from its international business.

QIC continues to pursue its priorities of strategically enhancing its current well balanced and diversified risk profile with disciplined growth coupled with strong underwriting performance in select lines of business. With a digital edge over its peers, QIC continues to invest in and expand its award-winning personal lines business in the MENA region. This segment also demonstrated its robustness during the first quarter, as consumers reduced their movements and increasingly relied on the fully digitized ecosystem offered by QIC’s all-in-one app.

For Q1 2026 QIC reported an Insurance Service Result of QAR 130 million, a significant increase of 70% year-on-year.

QIC’s well diversified investment portfolio again proved its merits and resilience in Q1 2026. In an exceptionally volatile market environment, QIC’s high-quality book generated solid investment income of QAR 238 million, compared to QAR 216 million for the period in the prior year. The Return on Investment for Q1 2026 came in at 5.3%, compared to 4.9% in Q1 2025. The book, which is mainly composed of a stable and conservative combination of bonds, cash, equities and real estate, amounted to Assets under Management of QAR 18 billion on 31 March 2026, up from QAR 17.7 billion at the end of Q1 2025.

QIC achieved a Net Profit for Q1 2026 of QAR 217 million, representing a 6% year-on-year increase. Net Profit Attributable to Shareholders of the Parent amounted to QAR 205 million. Earnings per Share for the period were QAR 0.030.

On 29 January 2026, and 25 March 2026, respectively, AM Best and S&P Global Ratings affirmed QIC’s A- financial strength rating, with stable outlooks.

From 1 to 4 February 2026, QIC’s Diamond Sponsorship of the Web Summit Qatar 2026 attracted a record number of tech leaders to its pavilion and generating significant interest in its vision for the future of digital services in the region. Participating for the third time in the largest global tech event hosted in Doha, tens of thousands of visitors explored QIC’s strategy to establish the region’s first insurance-powered digital ecosystem and learned about the company’s evolution from a leading insurer into a fully integrated digital ecosystem for everyday life.

QIC’s pavilion hosted more than 20 seminars and panel discussions featuring 50 speakers, including company executives and leading regional and global experts. The sessions highlighted current and future trends in innovation and investment in digital services in Qatar, the MENA region, and globally. During the Summit, QIC signed 14 strategic agreements and memoranda of understanding with prominent national and international corporations. These partnerships focused on accelerating the adoption of AI-powered solutions across financial institutions in Qatar, leveraging QIC’s expertise in developing new FinTech and InsurTech solutions, and fostering national talent in these fields.

Also in February, QIC supported as Diamond Sponsor the 2026 Marsh Energy Industry Summit, held under the theme “Resilience in a Volatile World,” in Doha, convening senior leaders from across the energy value chain, alongside experts in insurance, risk advisory, and strategic consulting from Qatar and the wider region. The summit provided a high-level platform to examine the structural shifts reshaping the global energy landscape — from geopolitical realignments and macroeconomic uncertainty to cyber threats, supply chain vulnerabilities, and accelerating technological transformation.

In his keynote opening address, H.E. Sheikh Hamad bin Faisal bin Thani Jasim Al Thani, Chairman of Qatar Insurance, emphasized that volatility is no longer cyclical but structural, requiring institutions to embed resilience at the core of strategy, governance, and capital allocation. His Excellency highlighted that resilience today is not reactive, but deliberate, built on long-term planning, cross-sector integration, and trust among market participants  and called for deeper collaboration among energy leaders, policymakers, financial institutions, insurers, and technology partners to collectively address systemic risks and reinforce investor confidence in an increasingly complex global environment.

In Q1 2026 the string of awards recognising QIC for its outstanding accomplishments continued. For the fifth consecutive year, QIC was crowned “Insurer of the Year” in the region by the prestigious MENA II Awards, organised by the Intelligent Insurer. In addition, the company was acknowledged “Motor Insurer of the Year” in the region. The awards are testament to the success of QIC’s strategy, the uniqueness of its vision, and its leadership position as an innovation hub in the region. Moreover, they highlight QIC’s leading role in reshaping the insurance landscape across the MENA region.

Also, in Q1 2026 QIC received the accolade as “Digital Insurer of the Year in Qatar” and as “Best Insurance App in Qatar” at The Asset Triple A Digital Finance Awards 2026, recognising QIC’s achievements in redefining the insurance and digital services landscape in Qatar, by building the first all-in-one digital ecosystem that combines both insurance and non-insurance daily services on a single platform.

QIC was honoured to sponsor this year’s Toyota GR Yaris Cup Qatar, the car racing championship organized by Al Abdulghani Motors, which took place from 30 January to 18 April at Lusail International Circuit. Conducted over four thrilling rounds, QIC joined the championship with its own branded car, driven by Qatari racing driver Khalid Al Maraghi, the car featured QIC App branding elements and bore the number 1, reflecting the app’s pioneering position as Qatar’s first platform offering both insurance and non-insurance services, enabling customers to cover a wide range of their daily needs digitally on a single interface.

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Qatar Insurance (QIC), the leading insurer in Qatar and the MENA region, announced that its “Coins” loyalty rewards program has surpassed 300 million points earned, marking a significant milestone achieved within just one year of its launch.

Active membership in the program exceeded 60,000 members during its first 12 months, reflecting the strong trust it has earned among QIC customers, as well as the value it delivers in enhancing their experience across the company’s digital platforms and insurance offerings.

Since its launch in early May 2025, QIC’s Coins loyalty program has successfully redefined the insurance experience in Qatar by transforming everyday transactions into rewarding interactions. Customers are able to earn and redeem Coins throughout their journey with Qatar’s largest and longest-established insurer. The experience begins with welcome Coins upon account creation on QIC App and extends to purchasing and renewing insurance policies, as well as booking a range of non-insurance services for daily life available through the application.

Over its first year, the program focused on expanding its partner ecosystem and diversifying redemption options. It successfully established new partnerships and significantly broadened the range of available redemption choices within a few months. Today, these options span dozens of institutions and companies, including travel agencies, car care centers, hotels, fitness centers, entertainment venues, electronics retailers, and more.

In terms of redemption activity, travel services ranked as the most popular choice among program members during the first year, followed by fuel vouchers in second place, and at-home car wash services in third.

Commenting on the program’s first anniversary, Salem Al Mannai, Group CEO of QIC, said: “The Coins loyalty program was established as a testament to our commitment to rewarding the trust our customers place in QIC. It has rapidly gained significant momentum among both clients and partners, a success clearly evidenced by robust membership growth, high engagement in earning and redemption, and the strategic expansion of our partner ecosystem. Looking ahead, we remain dedicated to evolving the program by diversifying redemption opportunities across lifestyle, travel, and mobility sectors, while delivering increasingly personalized experiences tailored to the unique needs of every member.”

It is worth noting that QIC’s success in delivering an integrated customer experience, combining exclusive insurance products, innovative digital solutions, and its Coins loyalty program, has earned it the title of “Insurer of the Year” in the region at the MENA II Awards 2026. The company has also been named “Motor Insurer of the Year” in the region, in addition to winning the “Insurer of the Year” in Qatar title for the fifth consecutive year.

For more information about QIC, please visit qic.online. To download QIC app and get your welcome Coins, please visit app.qic.online

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Qatar Insurance (QIC), the leading insurer in Qatar and the MENA region, has been named “Digital Insurer of the Year in Qatar” and “Best Insurance App in Qatar” at The Asset Triple A Digital Finance Awards 2026.

This recognition highlights QIC’s key role in redefining the insurance and digital services landscape in Qatar, by building the first all-in-one digital ecosystem that combines both insurance and non-insurance daily services on a single platform.

Commenting on this achievement, Mr. Salem Al Mannai, Group CEO of QIC, said: “Winning these two prestigious accolades underscores the excellence of our digital strategy and our success in developing a fully integrated ecosystem that extends beyond insurance, supporting multiple facets of everyday life. QIC App has become one of the fastest-growing digital platforms in Qatar and an integral part of many customers’ daily lives, particularly following our success in recent months in doubling the number of features and services available, making it more responsive to users’ needs. QIC remains committed to continuously investing in the design and launch of innovative solutions, and we aspire to remain at the forefront of delivering solutions that meet customer needs and enhance the quality of digital services both locally and regionally.”

QIC App is Qatar’s first and only 360-degree platform offering both insurance and non-insurance services, enabling customers to manage a wide range of daily needs digitally through a single interface. Launched in line with QIC’s vision to build the region’s first insurance-powered digital ecosystem, the app represents a major shift in Qatar’s insurance and digital landscapes by transforming traditional insurance services into a seamless, comprehensive digital journey tailored to users’ needs.

The app’s innovation and impact have been recognized with multiple prestigious accolades, including The Innovators Award by Global Finance in 2025. QIC App was also named Most Innovative Mobile App in Qatar at the Middle East Technology Excellence Awards 2025, Best Insurance App in Qatar at the Global Brands Magazine Awards 2025, and Mobile App of the Year in Qatar at the Insurance Asia Awards 2024.

The Asset is a widely recognized business news and research organization, providing independent coverage of Asia’s financial industry. Recognized as one of the most esteemed awards programs in the financial sector, The Asset Triple A Awards have, for more than 25 years, set the benchmark for excellence and leadership, and are renowned for their strict and meticulous judging process in selecting winners across all categories.

For more information about QIC, visit qic.online. To download QIC App, visit app.qic.online.

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Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region, held its Annual General Assembly (AGM) and Extraordinary General Assembly (EGM) meetings on Thursday, 12 March 2026, virtually via Microsoft Teams. The meetings were chaired by His Excellency Sheikh Hamad bin Faisal bin Thani Jassim Al Thani, Chairman of the Board of Directors of Qatar Insurance, and were attended and participated in by members of the Board, executive management, shareholders, and representatives of regulatory authorities.

During the AGM, shareholders reviewed and approved the Board of Directors’ report on the Company’s activities and financial position for the financial year ended 31 December 2025, as well as the Company’s future strategic plans. The Assembly also approved the company’s consolidated financial statements for 2025, including the balance sheet and profit and loss account, following the presentation of the external auditors’ report.

Qatar Insurance delivered strong financial results in 2025, with net profit before Pillar Two taxes reaching QAR 874 million, a 19% year-on-year increase. Net profit attributable to shareholders amounted to QAR 791 million, while Gross Written Premiums reached QAR 9.9 billion. The company reported an Insurance Service Result of QAR 506 million, and investment and other income totaled QAR 993 million. Earnings per share increased to QAR 0.188 from QAR 0.171 in 2024.

“The 2025 results reflect the Company’s strong financial position and the success of its strategy in achieving sustainable growth despite global economic challenges. Qatar Insurance continues to strengthen its presence in key markets while maintaining a balanced and diversified portfolio, supporting the creation of long-term shareholder value.”

“These results underscore the Group’s continued progress in executing its strategy across domestic, regional, and international markets. We remain focused on innovation, digital transformation, and enhancing customer experience to support the Company’s future growth opportunities.”

The AGM approved the distribution of a cash dividend of 11% of the nominal value per share, equivalent to QAR 0.11 per share, for the financial year ended 31 December 2025. The Company confirmed that the approved dividend will be transferred to Edaa for distribution to eligible shareholders and invited shareholders to contact Edaa for any clarifications regarding the dividend distribution.

Shareholders also approved all transactions with related parties carried out by the Company during the financial year 2025. The Assembly approved the Corporate Governance Report for 2025 and reviewed and approved both the Remuneration Policy and the Related Party Policy for 2026.

The AGM approved the discharge of the members of the Board of Directors from liability for the financial year 2025 and endorsed the remuneration allocated to each Board member for the same year, subject to Qatar Central Bank approval. Shareholders also approved the appointment of the company’s external auditors for the financial year 2026 and their corresponding fees.

Shareholders were briefed on the Company’s progress in digital innovation and product development. In 2025, QIC continued to enhance its digital ecosystem through improvements to the QIC App, including the ability for customers to obtain on-the-spot car insurance for vehicles that pass inspection at Company inspection centers or via the mobile application. The Company also introduced the “Events” feature to browse and purchase tickets for sporting, cultural, and entertainment events in Qatar, while expanding redemption options through its Coins loyalty program via partnerships with leading brands.

QIC also launched two new personal lines products in 2025: Qatar’s first school fees protection insurance and personal cyber insurance, strengthening its consumer offering and supporting its digital-first strategy.

In its role in advancing innovation and industry dialogue in the region, QIC hosted the fourth MENA InsurTech Summit and the inaugural MENA FinTech Summit in Doha in 2025, with more than 1,500 participants, including industry leaders, innovators, and policymakers, discussing the impact of AI and emerging technologies on the insurance and financial services sectors.

Shareholders approved the election of the Board of Directors for a three-year term. His Excellency Sheikh Hamad bin Faisal bin Thani Jassim Al Thani was confirmed as a Board member, on behalf of the General Authority for Retirement and Social Insurance (Civil Pension Fund).

The following non-independent Board members were elected:

• Abdulrahman Issa Al Mannai – on behalf of Al Ghariya Real Estate Investment Co.
• H.E. Sheikh Faisal bin Thani bin Faisal Al Thani – on behalf of Brooq Trading Co.
• Sheikh Saud bin Khalid bin Hamad Al Thani – on behalf of Al Dawodiya Holding Co.
• Sheikh Fahad bin Hamad bin Jassim Jabr Al Thani – on behalf of Al Mirqab Capital Co.
• Mr. Ali Hussein Ibrahim Al Fardan – on behalf of Alfardan Investment Co.
• Mr. Ali Yousef Hussein Kamal – in a personal capacity
• Dr. Khalifa Abdullah Hussein Al Naama – in a personal capacity

The following were appointed as reserve members:

• Mr. Abdulaziz Mohammed Hamad Abdullah Al Mana – on behalf of Al Mana Capital Co.
• Mr. Mohammed Jassim Ibrahim Jaidah – on behalf of Al Jaidah Automobiles & Trading Co.

Independent Board members elected by acclamation were:

• Mr. Ibrahim Jassim Al Othman Fakhro
• Sheikh Jabr Abdullah bin Ali bin Jabr Al Thani

Shareholders acknowledged one vacant independent Board seat and authorized the Chairman to take the necessary actions to fill the position in accordance with applicable legislation.

Following the AGM, the EGM approved amendments to the Company’s Articles of Association to ensure compliance with the Corporate Governance System for Listed Companies issued by the Qatar Financial Markets Authority Board (Resolution No. 5 of 2025) and all related laws and regulations, subject to Qatar Central Bank approval. The EGM also authorized the Chairman or his Deputy to individually sign all documents necessary to implement the approved amendments.

Board Leadership Appointments:

Following the confirmation of the Board members, the Board elected His Excellency Sheikh Hamad bin Faisal bin Thani Jassim Al Thani as Chairman and Mr. Abdulrahman Issa Al Mannai as Vice Chairman for the new term.

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Qatar Insurance (QIC), the leading insurer in Qatar and the Middle East and North Africa region, has been crowned “Insurer of the Year” in the region at the MENA II Awards 2026. The company has also been named “Motor Insurer of the Year” in the region, in addition to winning the “Insurer of the Year” in Qatar title for the fifth consecutive year.

This prestigious recognition highlights QIC’s role in reshaping the insurance landscape across the MENA region, and its success in building the region’s first insurance-powered digital ecosystem. In this context, QIC became the first and only company to offer seamless access to both insurance and non-insurance services through a single platform, including all insurance products, mobility, travel, and lifestyle services.

Moreover, QIC has successfully launched several market-first products over the past few months, including Qatar’s first Personal Cyber Insurance, the first School Fees Insurance in Qatar, as well as the “Coins” loyalty program that transformed customers’ insurance transactions into rewarding journeys. These products were a unique addition to QIC’s personal lines portfolio and have allowed everyone in the region to benefit, for the first time, from solid financial protections that cover many aspects of their lives, from domestic living to education and online transactions.

Commenting on this achievement, Mr. Salem Al Mannai, Group CEO of QIC, said: “Being recognized as the best insurer in the MENA region is a strong testament to the success of our strategy, the uniqueness of our vision, and our leadership position as an innovation hub in the region. This achievement is the result of the dedication and hard work of the entire QIC team, and reflects the great trust that millions of customers and partners have placed in QIC for more than six decades. Building on this success, I would like to reiterate our commitment to innovation and to always providing the best services and digital solutions to our customers throughout their journey with us, ensuring they have everything they need to live with confidence and peace of mind.”

The MENA II Awards program is considered the most prestigious and influential program in the insurance sector across the region. It recognizes insurance companies that demonstrate excellence in business strategy, innovation, and customer experience. Winners are selected by a jury comprising chairpersons, CEOs, and industry experts from professional associations, based on rigorous criteria including innovation, product quality, financial performance, growth, and customer satisfaction indicators.

For more information about QIC, visit qic.online

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Full year 2025 highlights

• Net Profit, before Pillar Two global tax provision, rose to QAR 874 million, a 19% increase compared to 2024
• Net Profit to QIC shareholders rose to QAR 791 million, a 9% increase compared to 2024.
• Gross Written Premiums (GWP) grew to QAR 9.9 billion, a 9% increase compared to 2024
• Insurance Service Results (ISR) stood at QAR 506 million
• Investment and Other Income of QAR 993 million, a 1% year-on-year increase
• Earnings Per Share (EPS) increased to QAR 0.188 for the year, from QAR 0.171 for the prior year.
• The Board of Directors proposed a cash dividend distribution of 11% for the year ended 2025.

Qatar Insurance (QIC, the Company), the leading insurer in Qatar and the Middle East and North Africa (MENA) region, today reported a Net Profit before pillar II tax of QAR 874 million for the full year 2025, a rise of 19% from QAR 735 million in the previous year. Following a meeting of the Board of Directors on 15 February 2026, which was presided over by Sheikh Hamad bin Faisal bin Thani Jasim Al Thani, Chairman of QIC Group, the Board approved the financial results.

Commenting on the financial results, Mr. Sheikh Hamad bin Faisal Al Thani, Chairman of QIC Group, said: “2025 has been another excellent year for QIC. On the results side, the Company is again proud to deliver a double-digit bottom-line growth and higher earnings for shareholders, derived from a strong, balanced underwriting portfolio and expertly-managed investments. On the client side, the Company continues to trailblaze client-centricity and service and product excellence through its commitment to innovation and digital transformation, including through the integration of AI technologies. QIC’s development of the QIC App, MENA’s first insurance-powered digital ecosystem, as well as its launch of innovative new insurance products and the many prestigious awards received by the Company in 2025, all attest to the success of the Company’s well-defined strategies for profitable growth and resilience.”

Mr. Salem Al Mannai, Chief Executive Officer of QIC Group, said: “2025 saw QIC continuing to strategically rebalance its underwriting portfolio. The portfolio has now stabilised at a well-balanced level of core domestic and regional business versus international business in terms of risk diversification and is highly profitable. We are fully focused on understanding our clients’ evolving needs, on innovation, and on providing a world-class customer experience, as evidenced by the launch of two further personal lines products in 2025 and ongoing enhancements made to the award-winning QIC App. Impressively, the QIC App is one of the fastest growing consumer platforms in Qatar, and the only one to combine insurance and non-insurance services. In addition to contributing to regional economic development and stability by mitigating risk and through initiatives such as the Doha-based MENA Insurtech and Fintech Summits, QIC’s operations are underpinned by robust ESG principles and initiatives, including to promote climate resilience, health and wellbeing, and cultural heritage.”

Global GDP growth remains lacklustre compared to pre-Covid levels but has displayed resilience despite elevated geopolitical tensions, protectionism and policy uncertainty. The 2025 global growth forecast, which took a downturn after the April 2025 US tariff shock, recovered by year end 2025 to 3.2% (OECD), compared to 3.3% in 2024. Global growth is expected to fall to 2.9% in 2026 as tariffs weigh on investment and trade amid ongoing uncertainty but then increase to 3.1% in 2027 as tariffs impact fade, financial conditions improve and lower inflation supports demand.

The MENA region’s 2025 growth forecast likewise recovered through 2025 to 3.3% (IMF) and has a strong 2026 outlook of approximately 3.6%, solidly above the global average and benefitting from Qatar’s heightened LNG production. The region’s growth outlook is supported by robust public investment, digital and AI transformation, easing inflation and resilient consumer spending. Structural reforms, including economic and trade diversification, are key drivers of regional stability amid ongoing global economic downside risks.

The strategic market and risk rebalancing of QIC’s underwriting portfolio continued through 2025, stabilising by year end. The Company’s domestic (Qatar) and MENA operations now account for 59% of GWP in 2025, compared to 52% in 2024 and less than 20% in 2021. International business remains an important component of the portfolio and is predominantly written through QIC’s subsidiary Antares Syndicate, the Company’s independent Managing Agent operating at Lloyd’s in London.

In terms of risk diversification, the Company achieved GWP growth in personal lines, health and property. QIC’s expansion of its domestic personal lines product suite and strong digital offerings were key drivers of growth. Short-tail business growth exceeded long-tail business growth, further adding to QIC’s positive ISR. The Company’s exposure to UK motor business remains limited to reinsurance.

The outcome of these strategic adjustments is a robust, profitable underwriting portfolio with an ISR of QAR 506 million.

Robust investment performance

QIC  manages a high-quality, well diversified investment portfolio with a stable year-on-year composition. As of 31 December 2025, Assets Under Management remained stable year on year at QAR 18.6 billion. Investment and Other Income rose by 1% year on year to QAR 993 million. The Company also reported a robust Return on Investment of 5.1%, compared to 5.0% for 2024.

QIC achieved a Net Profit for the full year 2025 of QAR 806 million, representing a 10% year-on-year increase. Net Profit Attributable to Shareholders of the Parent (excluding minority share) was QAR 791 million. Earnings per Share for the period were QAR 0.188, a 10% increase compared to the prior year.

QIC successfully implemented multiple initiatives in 2025 relating to its personal lines products and services, in line with its commitments to support its core regional markets, to continually streamline and enhance the customer buying experience, and to create the region’s first insurance-powered digital ecosystem combining insurance and non-insurance services.

In 2025, QIC proudly launched two further innovative insurance products: Qatar’s first-ever personal lines school fees protection insurance – in line with its commitment to support the objectives of the Third Financial Sector Strategic Plan launched by Qatar Central Bank – and Qatar’s first-ever personal lines cyber insurance.

The Company also made additional valuable enhancements to its car and travel insurance services, adding the possibility to obtain on-the-spot insurance for vehicles that pass inspection at its inspection centre outlets or via the QIC App and expanding the content on its QIC Reads platform to help customers navigate vehicle registration regulation. It also introduced a new “Events” feature on the QIC App, whereby customers can browse and buy tickets from trusted partners for sporting, cultural and entertainment events across Qatar, a feature that will soon be extended to include overseas events in destinations popular with Qatar travellers.

Furthermore, by partnering with leading brands, QIC expanded the redemption options of its Coins loyalty program. QIC App and qic.online users can now benefit from a greater range of complimentary services, special offers and physical gifts, all instantly accessible to customers via a digital voucher system. In celebration of National Day, the Company also offered bonus loyalty coins to new QIC App customers and teamed up with a local design studio to add exclusive artwork gifts that reflect national unity and pride to the loyalty program.

QIC’s Global Executive Leadership Meeting 2025 brought together CEOs and senior leaders from across the Company to reinforce unified leadership, shared purpose and strategic clarity, align priorities, share insights and accelerate collective efforts across markets.

Forbes Middle East named Salem Al Mannai, Group CEO of Qatar Insurance, as one of its “Top 100 CEOs in the Middle East”. As the only insurance-sector CEO in this prestigious ranking, this accolade reflects QIC’s clear strategic focus, teamwork and dedication to supporting the region’s long-term development goals, including by promoting Qatar as a regional innovation hub through its MENA Insurtech and Fintech summits, and through its notable sustainability achievements.

In 2025, QIC brought regional insight into global conversations. At Web Summit Qatar 2025, its dedicated pavilion showcased future focused insurance and innovation, drawing thousands of global tech participants and spotlighting Qatar’s digital ecosystem.

The annual 4th MENA Insurtech Summit and inaugural MENA Fintech Summit in Doha convened over 1,500 attendees, 140+ speakers and startup pitches under the theme “The Impact of AI on the Insurance Value Chain”, exploring how AI and emerging technologies are reshaping insurance and financial services.

At Web Summit Lisbon 2025, QIC announced the 2026 MENA Insurtech & Fintech Summits, reinforcing continuity in global engagement and positioning Doha as a hub for fintech leadership.

Promoting the integration of advanced AI capabilities to amplify the QIC brand, reach new markets and strengthen stakeholder relationships, the Company held an intensive AI training programme in 2025 for senior management and its Public Relations, Marketing and Business Development teams.

QIC successfully carried out its 2025 Summer Internship Programme, providing a structured business learning experience for select high-achieving school students from across Qatar.

In alignment with QIC’s long-term GCC growth strategy, QIC has presented a comprehensive proposal to establish a branch operation in Saudi Arabia. Subject to regulatory approval, QIC’s branch model will leverage the Company’s technical infrastructure and regional expertise, while capitalising on supportive regulatory reforms, mandatory insurance frameworks and momentum from Saudi Vision 2030.

As of 22 May 2025, QIC was the first company in Qatar and only insurer in the MENA region to receive a provisional ESG ‘AAA’ ESG rating from MSCI ESG Research.

Aligned with Qatar’s national goal to reduce greenhouse gas emissions by 25% by 2030, QIC has a comprehensive Environmental, Social, and Governance (ESG) framework, formally endorsed by its Board of Directors, as well as a dedicated ESG and Sustainability Committee to integrate sustainability principles across its underwriting and investment operations. QIC’s climate commitments include the One Million Tree Initiative, a nationwide reforestation project launched in partnership with the Ministry of Environment and Climate Change.

QIC sees the promotion of community health and wellbeing as a core pillar of its social responsibility and alignment to the Qatar National Vision 2030. Reaffirming its dedication to building a stronger, healthier future for all, the Company conducted a series of initiatives in 2025 in collaboration with the Qatar Cancer Society (QCS). As part of Breast Cancer Awareness Month, QIC organised an event for its female employees sharing insights on cancer risk factors, symptoms and early detection, as well as nutritional and lifestyle guidance to reduce cancer risk. QIC was also proud to serve as the 2025 insurance sponsor of QCS’s “Relay for Life” event and walk.

In 2025, QIC reinforced its commitment to corporate social responsibility through a wide range of cultural, sports, health, environmental, and youth-focused initiatives aligned with Qatar National Vision 2030. QIC supported landmark events celebrating Qatar’s heritage, including the Katara International Arabian Horse Festival, ‘S’hail’ Katara International Hunting and Falcons Exhibition, the World Arabian Horse Championship Supreme, and Polo Al Marsa Qatar, while also sponsoring major community and sporting events such as the Doha Marathon by Ooredoo and Build Your House Exhibition 2025.

Additionally, QIC advanced health and wellbeing through partnerships with Qatar Cancer Society, its annual blood donation campaign with Hamad Medical Corporation, and cancer awareness initiatives, including Relay for Life 2025. QIC also championed youth empowerment and education through its Summer Internship Program and “Little Employee Initiative.

Collectively, these initiatives reflect QIC’s holistic approach to sustainable community development.

In recognition of the Company’s leadership in digital innovation and service excellence, and its strong financial position, QIC was named “Best General Insurance Company in Qatar” at the World Finance Awards 2025 for the third year running and “Insurance Company of the Year in Qatar” at The Asset Triple A Private Capital Awards 2025. Acknowledging QIC’s outstanding achievements in establishing Qatar’s first insurance-powered digital ecosystem, QIC was also honoured as “Insurer of the Year” in Qatar at the MENA II Awards for the fourth consecutive year.

QIC App, the Company’s flagship platform, also continued to receive high accolades. QIC was awarded the “Customer Experience Initiative of the Year in Qatar” title at the Insurance Asia Awards 2025 for the app’s success in delivering a seamless, innovative customer journey. QIC App was named “Most Innovative Mobile App in Qatar” at the Middle East Technology Excellence Awards 2025 and was acknowledged as a top financial innovation in the Middle East at Global Finance’s Innovators Awards 2025.

QIC was recognised at the Google Cloud Summit Doha 2025 for driving innovation in the financial industry – a recognition that highlighted QIC’s bold adoption of cloud-native technologies and AI-driven solutions, and its role as an industry thought leader.

The Company also ranked among Qatar’s “10 Most Valuable Brands” and “10 Strongest Brands” in 2025 by Brand Finance, reflecting QIC’s strong reputation, financial performance and strategic vision.

QIC Asset Management was recognised for the eighth consecutive year as one of the “Top Investment Houses (Asset Managers Category) in Asian G3 bonds from the Middle East & North Africa” by The Asset Magazine. In addition, two team members ranked in first and second place for “Most Astute Investors”.

Underscoring QIC’s commitment to Qatar’s broader development and to preserving Qatar’s cultural heritage, and guided by Qatar National Vision 2030, QIC continued as the official insurance partner of the 9th edition of the Katara International Hunting and Falcons Exhibition, S’hail 2025, as an official sponsor at the 5th edition of the Katara International Arabian Horse Festival, and as official sponsor of the 2025 Commercial Bank Qatar Masters. The Company was also proud to sponsor the Build Your House Exhibition 2025, reaffirming its commitment to resilient housing in Qatar.

Qatar Insurance Company Q.S.P.C (QIC) is a publicly listed insurer with a consistent performance history of 60 years and a global underwriting footprint. Founded in 1964, QIC was the first domestic insurance company in the State of Qatar. Today, QIC is the market leader and the first digital insurance company in Qatar and a dominant insurer in the GCC and MENA regions. QIC is one of the largest insurance companies in the MENA region in terms of written premium and total assets, is listed on the Qatar Stock Exchange and has a market capitalisation in excess of QAR 6.6 billion.

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The 2026 Marsh Energy Industry Summit, held under the theme “Resilience in a Volatile World,” concluded yesterday at Marsa Malaz Kempinski, The Pearl, Doha, convening senior leaders from across the energy value chain, alongside experts in insurance, risk advisory, and strategic consulting from Qatar and the wider region.

Held with Qatar Insurance (QIC) as Diamond Sponsor, the summit provided a high-level platform to examine the structural shifts reshaping the global energy landscape — from geopolitical realignments and macroeconomic uncertainty to cyber threats, supply chain vulnerabilities, and accelerating technological transformation.

Leadership Perspective on Resilience

The summit opened with a keynote address by H.E. Sheikh Hamad bin Faisal bin Thani Jasim Al Thani, Chairman of Qatar Insurance, who emphasized that volatility is no longer cyclical but structural — requiring institutions to embed resilience at the core of strategy, governance, and capital allocation.

His Excellency highlighted that resilience today is not reactive, but deliberate — built on long-term planning, cross-sector integration, and trust among market participants. He underscored the critical role of the insurance industry at the intersection of risk, capital, and growth, enabling stability, protecting balance sheets, and facilitating sustained investment in strategic sectors such as energy.

He further called for deeper collaboration among energy leaders, policymakers, financial institutions, insurers, and technology partners to collectively address systemic risks and reinforce investor confidence in an increasingly complex global environment.

Addressing Today’s Most Pressing Energy Risks

The summit’s agenda focused on actionable insights and forward-looking strategies, covering:

Regional geopolitical risk dynamics and global macroeconomic trends

Emerging and evolving risks shaping 2026 and beyond

Enhancing supply chain resilience through advanced data and analytics

Human capital priorities within the energy and natural resources sector

Developments and underwriting trends in the energy insurance market

Cyber risk management in an era of escalating digital exposure

As Diamond Sponsor, QIC delivered a strategic presentation outlining its digital transformation roadmap and the role of innovation in designing advanced insurance solutions tailored to the evolving risk profile of the energy sector.

A high-level market panel featuring senior executives from leading global insurers provided additional insight into underwriting discipline, capacity dynamics, and emerging opportunities across regional energy markets.

A Competitive Imperative for the Future The summit concluded with a clear and consistent message: resilience is no longer a theoretical construct — it is a competitive and strategic imperative. In an era defined by uncertainty, organizations that proactively strengthen risk frameworks, enhance adaptability, and foster collaboration will be best positioned to ensure business continuity and long-term sector stability.

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Qatar Insurance (QIC), the leading insurer in Qatar and the MENA region, successfully concluded its participation as Diamond Sponsor at Web Summit Qatar 2026, attracting a record number of tech leaders to its pavilion and generating significant interest in its vision for the future of digital services in the region.

Over the four-day event, tens of thousands of visitors explored QIC’s strategy to establish the region’s first insurance-powered digital ecosystem and learned about the company’s evolution from a leading insurer into a fully integrated digital ecosystem for everyday life.

QIC’s pavilion hosted more than 20 seminars and panel discussions featuring 50 speakers, including company executives and leading regional and global experts. The sessions highlighted current and future trends in innovation and investment in digital services in Qatar, the MENA region, and globally.

During the Summit, QIC signed 14 strategic agreements and memoranda of understanding with prominent national and international corporations. These partnerships focused on accelerating the adoption of AI-powered solutions across financial institutions in Qatar, leveraging QIC’s expertise in developing new FinTech and InsurTech solutions, and fostering national talent in these fields. The entities with which QIC signed these agreements include Qatar Financial Centre, Ooredoo Group, and Google Cloud, as well as Al Dar Exchange, the University of Doha for Science and Technology, Wellx, and other local, regional, and international partners.

QIC also offered numerous Qatari startups and entrepreneurs the opportunity to present their innovative projects during a Demo Day event. Following this, the most promising projects were offered collaboration opportunities to further develop their ideas within QIC’s digital ecosystem, benefiting from the company’s expertise in creating impactful products and expanding into local and regional markets.

Commenting on the successful participation, Mr. Salem Al Mannai, Group CEO of QIC, said: “Our presence at this year’s Web Summit was larger than ever and provided inspiring insights for the global tech community, as we presented a fresh vision for the future of digital services in Qatar and the region, aligned with Qatar National Vision 2030 and QCB’s Third Financial Sector Strategic Plan. The record turnout and strong interest from thousands of visitors reflected the value we delivered as a Diamond Sponsor of the Summit. We are proud to have contributed to the success of the world’s largest tech event hosted in Doha and look forward to continuing our role in cementing Qatar’s position as a regional hub for innovation and showcasing the unique Qatari digital model on the global stage.”

For more information about QIC, please visit qic.online.

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H.E. Sheikh Hamad bin Faisal bin Thani Al Thani, Chairman of QIC, visited the company’s pavilion at Web Summit Qatar 2026.

H.E. Sheikh Hamad bin Faisal also reviewed the latest developments in the implementation of QIC’s digital strategy, along with the progress achieved to date in the company’s journey toward building the region’s first insurance-powered digital ecosystem, in line with Qatar National Vision 2030 and the Qatar Central Bank’s Third Financial Sector Strategic Plan. During the visit, His Excellency attended part of the panel discussions hosted at the pavilion, which brought together experts from Qatar and around the world to explore the present and future of innovation and investment in digital ecosystems at both the local and regional levels.

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Qatar Insurance (QIC), the leading insurer in Qatar and the MENA region, is participating as a Diamond Sponsor at Web Summit Qatar 2026, which runs until 4 February at the Doha Exhibition and Convention Center.

QIC’s pavilion saw a strong turnout from the global tech community, including innovators, entrepreneurs, investors, and representatives from leading tech companies. Visitors explored QIC’s vision to build the region’s first insurance-powered digital ecosystem, its evolution from a leading insurer into a fully integrated digital ecosystem, and how this shift is redefining digital services in Qatar.

The pavilion also hosted a series of seminars and panel discussions led by QIC’s executives, along with regional and international experts. These sessions highlighted the latest trends in launching digital products, developing digital business strategies, and building high-impact ventures across the MENA region.

On the third day of the Summit (Tuesday, 3 February), the QIC pavilion will feature a distinguished lineup of speakers and experts in panel discussions on AI and the development of digital ecosystems across the health, lifestyle, and travel sectors. On the Summit’s fourth and closing day, QIC will host a Demo Day, showcasing innovative ideas and solutions from entrepreneurs and startups seeking to join QIC’s digital ecosystem and scale their operations in regional markets.

For more details on QIC’s program at Web Summit Qatar 2026, please visit ecosystem.qic.digital. To learn more about QIC, please visit qic.online.

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