Sukoon Takaful

1. Company Overview & Earnings Context

Sukoon Takaful PJSC is a DFM-listed Islamic insurance (takaful) provider offering family and general takaful products across the UAE, including motor, medical, fire, marine, engineering, and general accident coverage. The company operates in accordance with Sharia principles and continues to focus on sustainable, profitable growth.

For H1 2026, Sukoon Takaful delivered a strong financial performance driven by disciplined underwriting, effective expense management, and resilient investment income. The company also maintained a robust solvency ratio of 208%, highlighting the strength of its balance sheet and capital position.

2. Financial Performance Snapshot

• Takaful Revenue: AED 152.0 Million

• Takaful Service Result: AED 42.4 Million

• Net Takaful Income: AED 41.3 Million

• Investment Income (Shareholders): AED 8.3 Million

• Profit Before Tax: AED 16.7 Million

• Income Tax Expense: AED 2.3 Million

• Net Profit: AED 14.5 Million

• Earnings Per Share (EPS): AED 0.094

Compared with H1 2025:

• Takaful revenue increased 44% YoY.

• Takaful service result increased 36% YoY.

• Net investment income increased 20% YoY.

• Profit before tax increased 52% YoY.

• Net profit increased 51.6% YoY.

• Earnings per share increased from AED 0.062 to AED 0.094.

3. Operational Highlights & Key Metrics

• Total Assets: AED 654.7 Million

• Shareholders' Equity: AED 243.2 Million

• Shareholders' Liabilities: AED 88.6 Million

• Participants' Assets: AED 322.8 Million

• Participants' Liabilities: AED 322.8 Million

• Shareholders' Investment Portfolio: AED 184.1 Million

• Bank Balances & Cash: AED 176.5 Million

• Net Cash Generated from Operating Activities: AED 43.0 Million

• Solvency Ratio: 208% (minimum regulatory requirement: 100%)

4. Key Performance Drivers

Sukoon Takaful's strong H1 2026 performance was driven by robust growth in takaful revenue, disciplined underwriting, improved technical performance, and effective expense management. Investment income also increased as the company deployed excess cash into income-generating assets, while strong operational execution supported a significant improvement in profitability and capital strength.

5. Outlook & Forward Guidance

Management remains focused on expanding its portfolio of Sharia-compliant takaful products, enhancing customer experience, strengthening operational capabilities, and delivering sustainable profitable growth. While acknowledging ongoing regional geopolitical uncertainty, the company noted that no material financial impact has been identified to date and it will continue monitoring developments closely.

6. Investor Takeaway

Sukoon Takaful delivered an impressive H1 2026 performance, combining strong premium growth with higher profitability, resilient investment income, and a robust solvency position. The company's disciplined underwriting strategy and healthy balance sheet leave it well positioned to pursue sustainable growth in the UAE takaful market.