GCC zone: Q1 2025 results for listed insurers

A report by Insurance Monitor indicates that insurance revenues for the 76 listed insurers in the GCC (Gulf Cooperation Council) zone reached 9.525 billion USD at end-March 2025, up by 7% year-on-year.

Net profit amounted to 628 million USD, falling by 1.4% compared with the same period in 2024. Investment income declined by 1.9% year-on-year to 542 million USD.

The net combined ratio improved by 0.4 points to 96.3%.

Saudi Arabia has maintained its position as market leader, with insurance revenue of 4.43 billion USD. Next in line are the United Arab Emirates and Qatar, with respective revenues of 2.73 billion and 974 million USD.

Kuwait (789 million USD), Oman (443 million USD) and Bahrain (159 million USD) are ranked fourth, fifth and sixth respectively.