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Oman Re boosts H1 2026 reinsurance revenue and improves combined ratio
In the first half of 2026, Oman Re’s net profit after tax rose 49% to OMR 3.3 million, while the combined ratio improved to 89.2% from 95.4% a year earlier.
Oman Re, the Sultanate of Oman’s sole reinsurer, reported higher reinsurance revenue for the first half of 2026, increasing to OMR 27.5 million, up from OMR 26.4 million in H1 2025, according to Reinsurance News.
The company also said its disciplined underwriting and risk selection helped improve profitability, with net profit after tax up 49% to OMR 3.3 million from OMR 2.2 million in the year-ago period. Oman Re attributed the profit gain in part to a 143% rise in its net reinsurance result to OMR 2.3 million.
Gross written premium rose to OMR 46.9 million in H1 2026 from OMR 36.7 million in H1 2025. At the same time, the combined ratio improved to 89.2% from 95.4%, reflecting better technical performance.
Oman Re reported that net investment and other income increased 16% to OMR 2.3 million, supported by what it described as a prudent and diversified investment strategy. As of June 30, 2026, its net equity stood at OMR 45.9 million, an 8% increase from December 2025.