Ranking of insurance companies in Oman

August 05, 2025
Oman

Figures in thousands

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CompaniesTurnover 2024Turnover 20232023-2024 evolution (1)Shares 2023
OMRUSDOMRUSD
National companies
Dhofar Insurance87 990227 87173 507190 40319.70%17.37%
Liva Insurance81 844211 95524 80164 241230.0%16.16%
Oman Qatar Insurance70 086181 50559 231153 42518.33%13.83%
Al Madina Insurance51 460133 26842 747110 72620.38%10.16%
Takaful Oman Insurance40 238104 20634 09888 32318.01%7.94%
Oman United Insurance30 90680 03834 30588 859-9.91%6.10%
Arabia Falcon Insurance28 16172 93022 69858 79424.07%5.56%
Muscat Insurance18 70548 44121 68356 165-13.73%3.69%
National Life & General Insurance --168 030435 243--
Total409 3901 060 214481 1001 246 179-14.91%80.81%
Foreign companies
Gulf Insurance Group35 75892 60432 35083 79510.53%7.05%
The New India Assurance16 51242 76213 98136 21518.10%3.26%
Orient Insurance13 32334 50310 52427 26026.60%2.63%
Sukoon Insurance12 30231 8599 74825 25026.20%2.43%
American Life Insurance9 21823 8729 59424 851-3.92%1.82%
Cigna Middle East Insurance5 37613 9224 89212 6729.89%1.06%
Iran Insurance3 89810 0951 8064 678115.84%0.77%
Saudi Arabian Insurance8542 2121 5173 929-43.70%0.17%
Total97 241251 82984 412218 65015.20%19.19%
Total général506 6311 312 043565 5121 464 829-10.41%100%

(1) Evolution in local currency
Exchange rate as at 31/12/2024: 1 OMR = 2.58974 USD; at 31/12/2023: 1 OMR = 2.59027 USD


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