Dubai Insurance Co.

1. Company Overview & Earnings Context

Dubai Insurance Company PJSC is one of the UAE's established insurance providers, offering a broad range of general insurance, life and medical insurance products, while also generating investment income through its portfolio of financial assets and investment properties. The company operates primarily in the UAE and is listed on the Dubai Financial Market.

For H1 2026, Dubai Insurance delivered another strong financial performance, driven by growth in insurance revenue and improved investment income. Net profit after tax rose to AED 111.8 million, supported by higher underwriting income, stronger investment returns and continued business growth across its insurance portfolio.

2. Financial Performance Snapshot

• Insurance Revenue: AED 1.89 Billion

• Insurance Service Result: AED 92.4 Million

• Net Insurance & Investment Results: AED 137.1 Million

• Interest Income: AED 16.6 Million

• Other Investment Income: AED 29.8 Million

• Profit Before Tax: AED 120.4 Million

• Income Tax Expense: AED 8.6 Million

• Net Profit After Tax: AED 111.8 Million

• Earnings Per Share (EPS): AED 1.12

Compared with H1 2025:

• Insurance revenue increased 18.4% from AED 1.59 billion to AED 1.89 billion.

• Insurance service result increased 22.9% from AED 75.2 million to AED 92.4 million.

• Net insurance & investment results increased 17.9% from AED 116.2 million to AED 137.1 million.

• Profit before tax increased 18.6% from AED 101.5 million to AED 120.4 million.

• Net profit after tax increased 19.8% from AED 93.3 million to AED 111.8 million.

• Earnings per share increased from AED 0.93 to AED 1.12.

3. Operational Highlights & Key Metrics

• Total Assets: AED 3.83 Billion

• Total Equity: AED 1.21 Billion

• Insurance Contract Liabilities: AED 2.51 Billion

• Reinsurance Contract Assets: AED 1.76 Billion

• Financial Investments: AED 1.24 Billion

• Cash & Cash Equivalents: AED 635.8 Million

• Total Comprehensive Income: AED 133.9 Million

• Fair Value Gain on FVTOCI Investments: AED 22.1 Million

4. Key Performance Drivers

Dubai Insurance's H1 2026 performance was driven by continued growth in insurance revenue, stronger underwriting profitability and higher investment income. Interest income and investment returns both improved year-on-year, while insurance service results benefited from increased business volumes despite higher insurance service expenses and reinsurance costs. The company also generated positive gains from its investment portfolio, contributing to the overall improvement in profitability.

5. Outlook & Forward Guidance

The interim report does not provide specific financial guidance for the remainder of 2026. Management remains focused on maintaining disciplined underwriting, prudent risk management and investment diversification while continuing to comply with the UAE's updated insurance regulatory framework.

6. Investor Takeaway

Dubai Insurance delivered a solid H1 2026 performance with double-digit growth in insurance revenue, underwriting profit and net earnings. Supported by a strong capital base, sizeable investment portfolio and diversified insurance operations, the company remains well positioned to continue delivering stable profitability in the UAE insurance market.