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Earnings Report

Hayah Insurance Company

Q1 26 NEUTRAL LOW Impact

1. Company Overview & Earnings Context

HAYAH Insurance Company reported improved profitability in Q1 2026, supported by higher insurance revenue, stronger investment income, and continued growth across its savings and life insurance products. The company maintained business volumes despite a competitive insurance market environment.

Management highlighted that revenue growth was driven by retention of existing clients and acquisition of new business during the quarter.

2. Financial Performance Snapshot

  • Insurance revenue: AED 42.7M

  • Net insurance service result: AED (0.59M)

  • Investment & other income: AED 5.98M

  • Profit before tax: AED 1.29M

  • Net profit after tax: AED 1.25M

  • Earnings per share (EPS): AED 0.006

Compared to Q1 2025:

  • Net profit increased from AED 0.54M to AED 1.25M

  • Insurance revenue increased from AED 29.7M to AED 42.7M

3. Operational Highlights & Key Metrics

  • Total assets: AED 277.5M

  • Net equity: AED 123.5M

  • Cash & cash equivalents: AED 39.5M

  • Insurance contract liabilities: AED 69.6M

  • Reinsurance contract assets: AED 66.2M

  • Investment contract assets & liabilities: AED 77.5M

Investment portfolio highlights:

  • FVOCI investments: AED 36.0M

  • FVTPL investments: AED 26.0M

The company also continued expanding its savings-related products, including:

  • Employee Secure Saver

  • Smart Saver products


4. Key Performance Drivers

  • Strong growth in insurance revenue through new business generation and client retention

  • Significant increase in investment and other income during the quarter

  • Stable life insurance volumes despite competitive market conditions

  • Continued expansion of savings and investment-linked insurance products

  • Higher investment income offset weaker underwriting performance

Management noted that investment and other income rose by AED 4.8M YoY, helping support overall profitability during Q1 2026.

5. Outlook & Forward Strategy

  • Continued focus on life insurance, health insurance, and savings products

  • Ongoing corrective action plan to reduce accumulated losses and strengthen capital position

  • Planned capital strengthening initiatives subject to approvals

  • Continued underwriting improvements and governance enhancements

The company stated that it remains focused on improving technical performance and long-term profitability while reducing accumulated losses over time.

6. 🧾 Investor Takeaway

HAYAH Insurance delivered higher Q1 2026 profitability driven by strong revenue growth and improved investment income, while continuing efforts to strengthen underwriting performance, expand savings products, and improve its long-term capital position.