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THE MORNING EDITIONInsurance. Risk. A changing world.
Morning edition / 29 October 2026Two editions a day, wire updated in between · How we report · The team

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Reinsurance · Financial results

Oman Re lifts nine-month net profit 58% to OMR5.1m as its combined ratio improves to 87.4%

Oman Re's net profit after tax rose 58% to OMR5.1m in the first nine months of 2026, Middle East Insurance Review reported. The reinsurer's net reinsurance result more than doubled to OMR4.2m and its combined ratio improved to 87.4% from 98.2%, while gross written premium grew 16% to OMR57.6m.

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AI-assisted brief · Source checkedPublished · Source dated
Included in the morning edition of 28 October 2026
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Oman Re made a net profit after tax of OMR5.1m in the nine months to 30 September 2026, up 58% from OMR3.2m a year earlier, Middle East Insurance Review reported on 28 October, citing a statement from the reinsurer.

Underwriting drove most of the improvement. The net reinsurance result rose 134% to OMR4.2m from OMR1.8m, and the combined ratio improved by more than ten points, to 87.4% from 98.2%. Net investment and other income added OMR3.4m, 14% more than a year earlier.

Written premium grew much faster than earned revenue. Gross written premium rose 16% to OMR57.6m from OMR49.5m, while reinsurance revenue increased to OMR41.1m ($107.0m) from OMR40.2m. Net equity was OMR45.5m at the end of September, 7% higher than at the end of December 2025.

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Middle East Insurance Review ↗

News publisher · 28 Oct 2026

This is an original brief based on the linked publication. Company statements and forecasts are attributed to their source.

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