Qatar Insurance Co. · QSE:QATI
Qatar Insurance — H1 2026 Earnings Presentation
23 slides from Qatar Insurance's earnings presentation, 2026
Slide 1: Investor Presentation
Investor Presentation aic
Slide 2: Overview and Key Highlights
01 Overview and Key Highlights
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 2024 2025 H1 2025 H1 2026 • Listed on the Qatar Stock Exchange since 1997 with a market cap. of Insurance Revenue 8,600 8,861 4,157 4,781 QAR 6.6 billion1 Insur
Slide 4: Key milestones
Key milestones 1964 1968 2002 2004 2009 2011 • QIC established • Dubai Branch • Abu Dhabi Branch • KQIC (Kuwait) and OQIC • Antares Re • Q-Life & Medical established established (Oman) established established established 2014 2015 2017 2018 2019 • QIC Europe Ltd • Antares Re re-domiciled • Antares R
Slide 5: Global Presence
Global Presence Qatar Dubai & Abu Dhabi Oman Kuwait ❖ QIC Group’s HQ and domestic ❖ QIC direct insurance operations (UAE) ❖ Oman Qatar Insurance Company ❖ Kuwait Qatar Insurance Company operations ❖ QIC Asset Management ❖ Anoud Technologies LLC Bermuda Malta Singapore Gibraltar London ❖ Antares Re H
Slide 6: Broad Spectrum of Capabilities
Broad Spectrum of Capabilities QIC GROUP WELL DIVERSIFIED MULTI-PILLAR BUSINESS SET-UP QIC Direct Antares QIC - MENA Antares Re QIC Asset Anoud Insurance Lloyd’s Life & Medical Reinsurance Management Technologies Personal Lines Insurance • Group Life • Agriculture Investment End-to-end • Aviation •
Slide 7: Dominant position in the MENA Region
Dominant position in the MENA Region Regional comparison (Q1 2026) in USD million 6,866 6,675 Total Assets 4,664 3,012 2,870 1,536 QIC Tawuniya Bupa Sukoon Insurance Adnic Qatar General Total Equity 2,682 1,562 1,505 1,017 959 912 QIC Bupa Tawuniya Qatar General Adnic Sukoon Insurance Market leading
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
02 Financial Performance
Slide 10: Reorganizing Insurance Portfolio with Focus on Profitability
Reorganizing Insurance Portfolio with Focus on Profitability Revising Geographical Split (GWP %) 2023 2024 2025 H1 2026 43% 43% 62% 36% 41% 9,366 9,143 9,954 5,898 21% QAR mn QAR mn QAR mn QAR mn 48% 16% 41% 17% 16% 16% International Qatar GCC ex Qatar Gross Written Premium – Optimizing Lines of Bus
Slide 11: Financial Performance (IFRS 17)
Financial Performance (IFRS 17) Insurance Revenue in QAR Millions Insurance Service Result in QAR Millions 8,861 514 506 8,600 4,157 4,781 221 202 2024 2025 H1 2025 H1 2026 2024 2025 H1 2025 H1 2026 Insurance Service Result by region in QAR Millions H1 2026 2025 506 202 338 129 168 73 GCC Internatio
Slide 12: Financial Performance – Key Metrics
Financial Performance – Key Metrics Combined Ratio Return on Equity 93% 93% 93% 95% 58% 59% 9% 9% 9% 8% 2024 2025 H1 2025 H1 2026 2024 2025 H1 2025 H1 2026 Combined ratio X% : Combined ratio X% : Dividend payout ratio
Slide 13: Investments
03 Investments
Slide 14: Stable Investment Portfolio & Yields
Stable Investment Portfolio & Yields Investment Portfolio (QAR Mn) & Composition Investment income (QAR Mn) & Portfolio Yields 1300. 5.0% 5.1% 5.2% 5.3% 17,918 18,628 17,959 922 937 5% 5% 5% 975. 8% 9% 9% 650. 464 477 10% 10% 10% 325. 14% 0. 17% 16% 2024 2025 H1 2025 H1 2026 Investment income * Inve
Slide 15: Investment Portfolio Details
Investment Portfolio Details Fixed income: Fixed income - Fixed income - Rating Geographic mix Mix by sector 14.6% 3.3% 10.6% 6.8% 4.6% 32.7% 1.8% 3.9% Financial America (exc. 23.8% 1.5% 3.7% LATAM) MENA Government 15.1% A- & Above 0.5% BBB- to BBB+ Europe Exploration & Production Below BBB- Asia in
Slide 16: Solvency Position and Capital Strategy
04 Solvency Position and Capital Strategy
Slide 17: Strong Capital Base & Ratios
Strong Capital Base & Ratios Total Equity in QAR Millions Solvency Ratio – Qatar Central Bank (QCB) 9,003 10,229 10,071 2,521 3,247 3,247 As per QCB 2024 2025 Q1 2026 6,482 6,982 6,824 Eligible Capital (QAR Mn) 7,996 9,185 8,734 2024 2025 H1 2026 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 Balance Sheet Strength Total Equity in QAR Millions Equity and Debt Capital Market Track Record 9,003 10,229 10,071 2025 Tier-2 Issue Refinanced 2020 Tier-2 issue with US$ 500m raise 2,521 3,247 3,247 6,482 6,982 6,824 2022 Tier-2 Issue
Slide 19: Thank you!
Thank you! arc
Slide 20: Appendix
Appendix
Slide 21: QIC Group Reported Financials – Income statement
QIC Group Reported Financials – Income statement Amount in QAR Mn FY 2024 FY 2025 H1 2025 H1 2026 Insurance Revenue 8,600 8,861 4,157 4,781 Insurance and Reinsurance expenses (8,086) (8,355) (3,936) (4,578) Insurance Service Results 514 506 221 202 Net insurance finance results from insurance and re
Slide 22: QIC Group Reported Financials – Balance sheet
QIC Group Reported Financials – Balance sheet (QAR Mn) as at Dec 2024 Dec 2025 Jun 2026 Assets: Cash and cash equivalents 4,778 4,475 4,185 Reinsurance contract assets 4,926 4,022 4,013 Insurance contract assets 106 80 56 Other receivables 391 322 426 Investments 15,035 15,034 14,682 Investment prop
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 Achieving ESG goals and metrics significantly QIC has committed to supporting the formal commitment by the citizen, and creates value for its shareholders, improves the
Qatar Insurance Company (QIC Group) — H1 2026 Earnings Presentation on 6ix