Orient Insurance

1. Company Overview & Earnings Context

Orient Insurance PJSC is one of the UAE's leading insurance providers, offering a wide range of general, medical, life, and takaful insurance products across the UAE and several international markets, including Egypt, Turkey, Sri Lanka, and Syria. During H1 2026, the Group delivered another strong financial performance, supported by higher insurance revenue, stronger investment income, and disciplined underwriting, resulting in continued growth in profitability despite a higher tax charge.

2. Financial Performance Snapshot

• Insurance Revenue: AED 5.22 Billion (+16.7% YoY)

• Insurance Service Result: AED 268.3 Million

• Net Investment Result: AED 415.8 Million (+17.2% YoY)

• Net Insurance & Investment Result: AED 615.9 Million

• Other Operating Income: AED 34.6 Million

• Profit Before Tax: AED 615.2 Million (+11.2% YoY)

• Income Tax Expense: AED 70.0 Million

• Net Profit: AED 545.2 Million (+8.5% YoY)

• Earnings Per Share (EPS): AED 106.84 (vs. AED 98.75 YoY)

Compared with H1 2025:

• Insurance revenue increased 16.7% to AED 5.22 billion.

• Net investment result increased 17.2% to AED 415.8 million.

• Profit before tax increased 11.2% to AED 615.2 million.

• Net profit increased 8.5% to AED 545.2 million.

• Earnings per share increased from AED 98.75 to AED 106.84.

3. Operational Highlights & Key Metrics

• Total Assets: AED 20.02 Billion

• Total Equity: AED 6.19 Billion

• Cash & Cash Equivalents: AED 636.2 Million

• Bank Deposits: AED 5.58 Billion

• Investment Securities: AED 5.67 Billion

• Insurance Contract Assets: AED 132.0 Million

• Reinsurance Contract Assets: AED 7.39 Billion

• Net Cash Generated from Operating Activities: AED 395.7 Million

• Dividend Paid During H1 2026: AED 500 Million (AED 100 per share)

4. Key Performance Drivers

Orient Insurance's H1 2026 performance was driven by healthy growth in insurance revenue across its general and life insurance businesses, alongside stronger investment returns from interest income, dividend income and investment securities. Higher insurance service revenue and disciplined underwriting supported stable insurance service results, while improved investment income more than offset higher insurance finance expenses and income tax, enabling the Group to deliver continued growth in profitability.

5. Outlook & Forward Guidance

Management remains focused on maintaining disciplined underwriting standards, strengthening its diversified investment portfolio and delivering sustainable long-term profitability across its regional insurance operations. Backed by a strong capital position, substantial investment assets and healthy liquidity, the Group is well positioned to support future business growth while continuing to generate stable returns for shareholders.

6. Investor Takeaway

Orient Insurance delivered another resilient first-half performance, supported by double-digit growth in insurance revenue, stronger investment income, and continued profitability. With a robust balance sheet, sizeable investment portfolio, strong cash generation, and diversified regional operations, the Group remains well positioned to deliver sustainable long-term value despite a more challenging operating environment.