Sukoon Insurance has retained its A2 Insurance Financial Strength Rating from Moody’s Ratings, with a stable outlook, following the agency’s latest assessment dated 26 August 2026.
Moody’s cited Sukoon’s strong market position, diversified business profile, sound asset quality and strong capital adequacy as key factors supporting the rating.
Sukoon operates across medical, life, commercial and consumer insurance lines, supported by a diversified distribution network. Moody’s noted that this broad business mix helps reduce the company’s exposure to disruptions within individual market segments.
The agency also highlighted Sukoon’s consistent underwriting profitability, disciplined expense management and steady investment income as factors supporting its capital adequacy.
Moody’s highlighted Sukoon’s growing presence in commercial insurance and international inward reinsurance, which has helped broaden its business mix. The agency also noted risks associated with international expansion and the competitive UAE insurance market, but said these are mitigated by prudent risk limits, risk management capabilities and reinsurance protection.
The stable outlook reflects Moody’s expectation that Sukoon will maintain its profitability, high liquidity reserves and strong capital adequacy as its premium base continues to expand.
Sukoon recorded gross written premiums of AED 7 billion in 2025 and reported a solvency ratio of 275%.
Source: Sukoon Insurance
Disclaimer: This article is for informational purposes only and should not be construed as investment, financial, or legal advice.
