Insurance House

1. Company Overview & Earnings Context

Insurance House PJSC is an Abu Dhabi Securities Exchange (ADX)-listed insurance company providing a broad range of insurance solutions, including medical, motor, property, marine, engineering and general insurance products across the UAE. During H1 2026, the company delivered a strong turnaround in financial performance, supported by higher insurance revenue, improved underwriting profitability and stronger investment income. Management also highlighted continued progress in underwriting discipline, customer retention and operational efficiency, while pursuing a recovery plan to strengthen the company's capital position and solvency.

2. Financial Performance Snapshot

• Insurance Revenue: AED 278.57 Million (+56.0% YoY)

• Insurance Service Result: AED 6.75 Million (+335.1% YoY)

• Investment Income: AED 2.32 Million (+283.3% YoY)

• Net Insurance & Investment Results: AED 8.22 Million (+558.3% YoY)

• Profit Before Tax: AED 8.13 Million (+272.1% YoY)

• Net Profit: AED 7.98 Million (+275.7% YoY)

• Earnings Per Share (EPS): AED 0.072 (vs. AED 0.020 YoY)

Compared with H1 2025:

• Insurance revenue increased 56.0% to AED 278.57 million.

• Insurance service result improved from AED 1.55 million to AED 6.75 million.

• Investment income increased 283.3% to AED 2.32 million.

• Profit before tax increased 272.1% to AED 8.13 million.

• Net profit increased 275.7% to AED 7.98 million.

• Earnings per share increased from AED 0.020 to AED 0.072.

3. Operational Highlights & Key Metrics

• Total Assets: AED 361.39 Million

• Total Shareholders' Equity: AED 9.45 Million

• Cash & Cash Equivalents: AED 136.79 Million

• Insurance Contract Liabilities: AED 336.75 Million

• Net Cash Generated from Operating Activities: AED 28.53 Million

• Insurance Contract Assets: AED 9.45 Million

• Tier 1 Capital: AED 15.00 Million

• Accumulated Losses: AED 130.13 Million

4. Key Performance Drivers

Insurance House's H1 2026 performance was driven by a significant increase in insurance revenue, stronger underwriting performance and higher investment income. Management attributed the improvement to disciplined underwriting practices, profitable business acquisition, customer retention, proactive claims management and prudent investment management. These initiatives helped improve profitability while generating stronger operating cash flows and preserving liquidity despite operating in a highly competitive insurance market.

5. Outlook & Forward Guidance

Management remains focused on executing its solvency recovery plan through a proposed capital increase, shareholder support and continued improvements in underwriting and operational strategies. The company expects these initiatives, together with disciplined risk management and stronger profitability, to strengthen its financial position and support sustainable long-term growth.

6. Investor Takeaway

Insurance House delivered a strong turnaround during H1 2026, reporting robust growth in insurance revenue, underwriting profitability and net earnings. While the company continues to address its capital and solvency position through an ongoing recovery plan, the sharp improvement in operating performance, healthy cash generation and strengthened underwriting discipline indicate meaningful progress in its turnaround strategy.