Sukoon Insurance's pretax profit reached AED 438.4 million in the third quarter of 2026, Gulf News reported, while insurance service results and investment income also rose year over year.
Insurance revenue increased 14% to AED 5.4 billion. Insurance service results climbed 82% to AED 351.5 million, and investment income rose 12% to AED 230.6 million, the outlet reported. Pretax profit was AED 303.2 million in the year-earlier quarter.
Gulf News also reported that Sukoon's total equity was AED 3.69 billion, up 10% year to date, and its investments totaled AED 8.4 billion, a 13% increase. Its solvency ratio was about 260% as of June 30, 2026, compared with a regulatory minimum of 100%, the report said.
Gulf News quoted Hammad Khan, Sukoon Insurance's interim CEO and Chief Financial Officer, as saying the company would focus on customer experience and digital capabilities in the remaining months of the year. Khan described Sukoon Advantage as the insurer's “Beyond Insurance, Value Every Day” proposition, offering everyday benefits to Motor and Health customers.
Khan said the performance reflected rigorous underwriting, selective risk assessment and a measured approach to investing, according to Gulf News. The outlet said Sukoon retained a stable-outlook “A” grade from Standard & Poor's and an A2 grade from Moody's.
