Qatar Insurance Co. · QSE:QATI
Qatar Insurance — 9M 2025 Earnings Presentation
23 slides from Qatar Insurance's earnings presentation, September 2025
Slide 1: Investor Presentation
SEPTEMBER 2025 INVESTOR PRESENTATION Internal
Slide 2: Overview and Key Credit Highlights
01 CONFIDENTIAL Overview and Key Credit Highlights Internal
Slide 3: QIC Group Overview
QIC Group Overview Group Overview Financial Highlights Founded in 1964, QIC was the first domestic insurance company in Qatar QAR million 2023 2024 9M 2024 9M 2025 Listed on the Qatar Stock Exchange since 1997 with a market cap. of Insurance Revenue 10,089 8,600 6,425 6,528 QAR 6.8 billion1 Insu
Slide 4: Key milestones
Key milestones 1964 1968 2002 2004 2009 ❖ QIC established ❖ Dubai Branch ❖ Abu Dhabi Branch ❖ KQIC (Kuwait) and OQIC (Oman) ❖ Antares Re established established established established 2017 2015 2014 2011 ❖ Antares Re placed USD 450mn ❖ Antares Re re-domiciled to ❖ QIC Europe Ltd established in Malt
Slide 5: Global Presence
Global Presence Qatar Dubai & Abu Dhabi Oman Kuwait London QIC Group’s HQ and domestic QIC direct insurance Oman Qatar Insurance Kuwait Qatar Antares Group Holdings operations operations (UAE) Company Insurance Company Antares Lloyd’s QIC Asset Management 1274 Syndicate Anoud Technol
Slide 6: Broad Spectrum of Capabilities
Broad Spectrum of Capabilities QIC GROUP WELL DIVERSIFIED MULTI-PILLAR BUSINESS SET-UP QIC Antares QIC - MENA Antares Re QIC Anoud Direct Lloyd’s Life & Reinsurance Asset Technologies Insurance Insurance Medical Management PERSONAL LINES Aviation Group Life Investment management End-to-end solution
Slide 7: Dominant position in the MENA Region
Dominant position in the MENA Region Regional comparison (H1 2025) in USD million Total Assets 7,075 5,680 4,480 2,994 2,800 1,549 Total Equity 2,507 1,398 1,323 967 956 855 Market leading insurance group in the MENA region in terms of total assets and total equity (as of H1 2025) Source: Company In
Slide 8: Key Highlights
Key Highlights Solid Regional ⚫ Steadily evolved from a domestic player to a regional player with a global presence Platform ⚫ Largest insurance platform in MENA with strong footprint in GCC region and operations in 11 countries globally Well Diversified Direct insurance Lloyd’s insurance Reinsuranc
Slide 9: Financial Performance Update
02 CONFIDENTIAL Financial Performance Update Internal
Slide 10: Reorganizing Insurance Portfolio with Focus on Profitability
Reorganizing Insurance Portfolio with Focus on Profitability Revising Geographical Split (GWP %) 2022 2023 2024 9M 2025 11% 21% 36% 43% 15% 10,824 9,366 9,143 48% 7,851 QAR mn 17% QAR mn QAR mn QAR mn 40% 62% 74% 16% 17% International Qatar GCC ex Qatar Gross Written Premium – Optimizing Lines of Bu
Slide 11: Financial Performance (IFRS 17)
Financial Performance (IFRS 17) Insurance Revenue in QAR Millions Insurance Service Result in QAR Millions 514 10,089 414 8,600 353 6,425 6,528 300 2023 2024 9M 2024 9M 2025 2023 2024 9M 2024 9M 2025 Insurance Service Result by region in QAR Millions 2024 9M 2025 514 353 259 251 263 94 GCC Internati
Slide 12: Financial Performance – Key Metrics
Financial Performance – Key Metrics Combined Ratio as per IFRS 4 Return on Equity 75% 58% - 98.7% 97.0% 96.4% 6.4% 7.7% 8.2% 9% 9% 16.9% 18.6% 18.9% 75.4% 8% 70.7% 69.3% 2023 2024 9M 2025 2023 2024 9M 2025 Loss ratio Acquistion ratio Expense ratio X% : Combined ratio X% : Dividend X% payout : Divide
Slide 13: Investments
03 CONFIDENTIAL Investments Internal
Slide 14: Stable Investment Portfolio & Yields
Stable Investment Portfolio & Yields Investment Portfolio (QAR Mn) & Composition Investment Income (QAR Mn) & Portfolio Yields 1300 5.0% 5.0% 4.9% 5.0% 0.0% 1100 1004 973 19,199 19,387 18,371 20,467 900 -50.0% 4% 4% 4% 727 746 5% 7% 8% 8% 700 8% 500 -100.0% 11% 9% 10% 9% 300 -150.0% 20% 14% 100 20%
Slide 15: Investment Portfolio Details
Investment Portfolio Details Fixed income: Rating Fixed income - Geographic mix Fixed income - Mix by sector 4.6% 1.5% 3.9% 2.9% 1.3% 4.0% 10.7% 2.8% 31.6% 6.9% 36.2% 51.6% 15.1% 59.6% 22.8% 15.7% 28.8% A- & Above BBB- to BBB+ America (exc. LATAM) MENA Financial Government Below BBB- Not Rated Europ
Slide 16: Solvency Position and Capital Strategy
04 CONFIDENTIAL Solvency Position and Capital Strategy Internal
Slide 17: Strong Capital Base & Ratios
Strong Capital Base & Ratios Total Equity in QAR Millions Solvency Ratio – Qatar Central Bank (QCB) 8,767 9,003 10,047 As per QCB 2023 2024 Q2 2025 2,521 2,521 3,237 6,482 Eligible Capital (QAR Mn) 7,449 7,996 8,124 6,246 6,810 2023 2024 *9M 2025 Shareholders equity Tier 2 capital - Subordinated per
Slide 18: Balance Sheet Strength Underpinned by Strong Access to Capital
Balance Sheet Strength Underpinned by Strong Access to Capital Total Equity in QAR Millions Balance Sheet Strength 8,767 9,003 10,047 Equity and Debt Capital Market Track Record 2,521 2,521 3,237 6,246 6,482 6,810 2025 Tier-2 Issue Refinanced 2020 Tier-2 issue with US$ 500m raise 2023 2024 *9M 2025
Slide 19: Thank You
CONFIDENTIAL THANK YOU Internal
Slide 20: Appendix
CONFIDENTIAL Appendix Internal
Slide 21: QIC Group Reported Financials – Income statement
QIC Group Reported Financials – Income statement Amount in QAR Mn FY 2023 FY 2024 9M 2024 9M 2025 Insurance Revenue 10,089 8,600 6,425 6,528 Insurance and Reinsurance expenses (9,789) (8,086) (6,010) (6,175) Insurance Service Results 300 514 414 353 Net insurance finance results from insurance and r
Slide 22: QIC Group Reported Financials – Balance sheet
QIC Group Reported Financials – Balance sheet (QAR Mn) as at Dec 2023 Dec 2024 Sep 2025 Assets: Cash and cash equivalents 5,888 4,778 5,877 Reinsurance contract assets 6,227 5,143 4,302 Insurance contract assets 105 106 47 Other receivables 259 391 400 Investments 14,953 15,035 15,322 Investment pro
Slide 23: ESG Initiatives to Lead the Space in the MENA Region
ESG Initiatives to Lead the Space in the MENA Region ESG – Purpose and backdrop QIC is an environmentally and socially responsible citizen, Achieving ESG goals and metrics significantly improves QIC has committed to supporting the formal commitment and creates value for its shareholders, customers,
Qatar Insurance Company (QIC Group) — 9M 2025 Earnings Presentation on 6ix