Oman's listed insurers grow nine-month revenue 11% to OMR588.8m as profit falls 6%

Oman's eight listed insurers increased combined insurance revenue by 11% to OMR588.8m ($1,531.4m) from January to September 2026, but their combined profit after tax fell 6% to OMR24.8m from OMR26.3m. Middle East Insurance Review reported the figures on 21 October from a BADRI Management Consultancy analysis based on preliminary data.

One company explains most of the profit fall. The three market leaders earned OMR17.6m, 14% less than a year earlier, mainly because of a steep drop at Liva, the largest insurer, after an unusually strong 2025. Without Liva, sector profit rose 24%, and the insurers outside the top three lifted their combined profit by 26% to OMR7.2m.

The smaller insurers also shared in the revenue growth, with an 8% increase to OMR119.9m, against 12% growth to OMR469.0m for the three largest. BADRI says growth is "no longer confined to the top of the table"; at the half-year, the smaller companies had lagged.