Sukoon's nine-month pre-tax profit rises 45% to AED438.4m as its insurance service result climbs 82%

Sukoon Insurance, listed on the Dubai Financial Market, filed condensed interim financial statements for the nine months ended 30 September 2026. Profit before tax was AED438.4m, against AED303.2m for the same period of 2025. After income tax of AED64.3m, profit for the period was AED374.1m, compared with AED256.9m.

Insurance revenue for the nine months was AED5.36bn, up from AED4.70bn. The insurance service result, the IFRS 17 measure of underwriting performance, rose to AED351.5m from AED193.3m. Net investment income increased to AED230.6m from AED205.2m.

In the third quarter alone, insurance revenue rose to AED1.85bn from AED1.65bn, the insurance service result more than doubled to AED110.6m from AED49.9m, and profit before tax increased to AED135.6m from AED85.1m. The company's results announcement presents the cumulative nine-month figures as its third-quarter performance.

According to the company, total equity was AED3.69bn at 30 September, up 10% since the start of the year, and total investments were AED8.4bn. It gave its solvency ratio as about 260% at 30 June 2026. Hammad Khan, interim chief executive and chief financial officer, credited "disciplined underwriting, careful risk selection and a balanced investment approach". The company said it is extending everyday benefits to its motor and health customers through its Sukoon Advantage programme.