QIC nine-month net profit slips 4.3% to QAR562m as revenue grows 14%
Qatar Insurance Company earned net profit of QAR562m ($154m) in the nine months to 30 September 2026, down 4.3% year on year. Insurance revenue grew 14% to QAR7.4bn, while the insurance service result fell 4.7% to QAR336m.
GCC desk AI-assisted summary · Source checkedReported by Middle East Insurance Review on Summary published 2 November 2026
Illustration. Not a photograph of the event.
Qatar Insurance Company (QIC) reported net profit of QAR562m ($154m) for the first nine months of 2026, 4.3% below the same period of 2025, Middle East Insurance Review reported. Profit attributable to shareholders fell 4% to QAR550m. The insurance service result declined 4.7% to QAR336m, although the shortfall against last year was narrower than at the half-year stage.
The top line and the investment book offset part of the pressure: insurance revenue climbed 14% to QAR7.4bn and investment income rose 5.6% to QAR749m. Management said it held net profit broadly in line with the prior year and credited disciplined underwriting and its investment portfolio, according to the report. QIC also cited a strengthened partnership with Africa Speciality Risks in September and Antares Syndicate 1274's backing of affirmative cyber war cover.
Qatar Insurance Company said the US-Iran conflict affected its nine-month insurance service result, mainly through specialty lines written internationally. It strengthened reserves for the event, holds them on a best-estimate basis and sees no need for further management action now.
Qatar Insurance Company (QIC) published its financial results for the first three quarters of 2026, according to Atlas Magazine, though the stored text carries no figures.
