Sukoon profit jumps 39% after premiums hit Dh3.8 billion

Premiums rise 12% to Dh3.8 billion while insurance service results climb 68%

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Nivetha Dayanand, Assistant Business Editor
Sukoon profit jumps 39% after premiums hit Dh3.8 billion
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Dubai: Sukoon Insurance reported a 39% increase in first-half profit before tax to Dh302.8 million, supported by improved underwriting performance and stable investment returns.

Gross written premiums increased 12% year on year to Dh3.8 billion during the first six months of 2026, while insurance service results rose 68% to Dh241 million. Investment income grew 11% to Dh160.2 million.

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Solvency ratio reaches 260%

Total equity increased 5% from the start of the year to Dh3.53 billion, while Sukoon’s solvency ratio stood at 260%, compared with the minimum requirement of 100%.

Our first-half 2026 financial results reflect the strength of our core business and our continued focus on disciplined execution. We have delivered healthy growth while improving profitability, supported by strong underwriting performance and stable investment returns.
Hammad Khan, Interim CEO and Chief Financial Officer at Sukoon Insurance

Sukoon said it remains focused on improving customer experience, expanding its digital capabilities and meeting the changing needs of individuals, families and businesses across the UAE.

Nivetha Dayanand
Nivetha DayanandAssistant Business Editor
Nivetha Dayanand is Assistant Business Editor at Gulf News, covering aviation, financial markets and commodities. A business and financial journalist with a strong interest in multimedia storytelling, she regularly takes complex financial and economic subjects beyond the written word, producing explainer videos that make them easier for a wider audience to understand. Nivetha has interviewed senior policymakers, business leaders and global financial figures both on and off camera. Her past guests include UAE Minister of Economy and Tourism Abdulla bin Touq Al Marri, Khaled bin Alwaleed Al Saud, a member of the House of Saud and the founder and CEO of KBW Ventures, Jihad Azour, Director of the Middle East and Central Asia Department at the International Monetary Fund and Indian ministers Hardeep Singh Puri and N. Chandrababu Naidu. She has also hosted and moderated panels, conferences and awards shows, bringing her newsroom experience to live conversations on business, finance and the economy. An Erasmus Mundus journalism alum, Nivetha is drawn to stories that affect people directly and to reporting that gives a platform to voices that might otherwise go unheard. She was among the first journalists to speak to Petrofac employees in the UAE about unpaid salaries, broke the news of the planned demolition of Dubai’s well-known “Toyota Building”, and helped set the record straight on widely circulated claims that a giant replica of the Moon was coming to Dubai. More recently, her exclusive interview with EDGE Group CEO Hamad Al Marar revealed how the UAE-based defence group deployed its systems along the country’s shore border and established a geofence around the UAE within 48 hours of the February 28 escalation. Prior to joining Gulf News, Nivetha worked at ITP Media, where she helped launch Finance Middle East, a new publication covering the region’s financial sector. Her role spanned reporting and editing, video production, interviews and events. Across print, digital, and video, she focuses on finding the people behind business stories and explaining why those stories matter to the audience reading or watching them.

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