RAK Insurance, which trades on the Abu Dhabi Securities Exchange as RAKNIC, almost tripled its quarterly profit. Profit after tax for the three months to 30 September 2026 was AED20.6m, against AED7.4m in the same quarter of 2025, MT Newswires reported from the company's filing on Wednesday 21 October. Earnings per share rose to AED0.17 from AED0.06.
Growth in the top line was much slower. Insurance revenue for the quarter was AED143.5m, compared with AED136.9m a year earlier, an increase of about 5%.
In its own summary of the year to date, the company put gross written premium for the first nine months at AED392m, up 5% year on year, and profit before tax at AED54m, up 54%. It reported a solvency coverage ratio of 223% and a liquidity ratio of 148%, and linked the result to disciplined underwriting and customer-focused products.
Neither the company's summary nor the MT Newswires report gives a combined ratio or splits profit between underwriting and investment income.
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RAK Insurance ↗Company · 22 Oct 2026
This is an original brief based on the linked publication. Company statements and forecasts are attributed to their source.
