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Earnings Report

Orient Insurance

Q1 26 NEUTRAL LOW Impact

1. Company Overview & Earnings Context

Orient Insurance PJSC reported a strong Q1 2026 performance, supported by higher insurance revenue, improved investment income, and continued growth across its general and life insurance operations. The Group also maintained a large investment portfolio and strong liquidity position during the quarter.

The company operates across multiple markets including the UAE, Egypt, Sri Lanka, Turkey, Syria, and through Orient Takaful in the UAE.

2. Financial Performance Snapshot

  • Insurance revenue: AED 2.58B (+20% YoY)

  • Insurance service result: AED 134.6M

  • Net investment results: AED 211.6M (+16% YoY)

  • Net profit before tax: AED 377.1M (+12% YoY)

  • Net profit after tax: AED 340.8M (+9% YoY)

  • Earnings per share (EPS): AED 66.75 (vs AED 61.19)

3. Operational Highlights & Key Metrics

  • Interest income on investments & bank deposits: AED 94.3M

  • Dividend & other investment income: AED 163.6M

  • Insurance contract liabilities: AED 9.02B

  • Reinsurance contract assets: AED 5.71B

  • Investment portfolio:

    • Investments at FVOCI: AED 3.24B

    • Investments at FVTPL: AED 2.05B

    • Investments at amortised cost: AED 287.5M

    • Total invested assets: AED 5.59B

  • Balance sheet & liquidity:

    • Total assets: AED 18.30B

    • Total equity: AED 6.49B

    • Cash & cash equivalents: AED 684.0M

    • Bank deposits: AED 5.54B

    • Retained earnings: AED 1.42B

  • Dividend approved after period-end:

    • Dividend of AED 100 per share

    • Total dividend payout: AED 500M

4. Key Performance Drivers

  • Higher insurance revenue across general and life insurance segments

  • Strong dividend and investment income contribution

  • Growth in investment portfolios and unit-linked products

  • Improved insurance finance results during the quarter

  • Expansion in reinsurance contract assets and underwriting activities

  • Continued diversification across regional insurance markets

5. Outlook & Forward Guidance

  • Continued focus on:

    • Expanding insurance operations across regional markets

    • Strengthening underwriting performance and investment returns

    • Maintaining strong liquidity and capital reserves

    • Enhancing reinsurance optimisation and risk management

  • The Group remains positioned to benefit from:

    • Growing insurance penetration across the region

    • Stable investment income generation

    • Diversified operations across multiple geographies and business lines

6. 🧾 Investor Takeaway

Orient Insurance delivered a solid Q1 2026 performance with strong insurance revenue growth, higher investment income, and continued profitability expansion, supported by a large investment portfolio, strong capital position, and diversified regional insurance operations.