Oman: Insurance sector records profit surge in 2025 on Liva's turnaround
Source: Middle East Insurance Review | Mar 2026
Profitability improved significantly in 2025 for eight listed insurance companies whose preliminary annual financial results were analysed by BADRI Management Consultancy.
The combined profit after tax surged by 422%, rising to OMR35.2m ($91.5m) from OMR6.7m in 2024, reflecting a sharp turnaround in underwriting performance and investment outcomes, said BADRI in its report, “Oman Listed Insurance Companies – Q4 2025 – based on Preliminary Results”.
LIVA, the Sultanate’s biggest insurer, played a central role in this recovery, reporting a profit of OMR14.2m compared to a loss of OMR5.0m in the previous year. The top three insurers collectively generated OMR24.2m in profit, representing a substantial year-on-year increase. Even excluding LIVA, sector-wide profit growth remained robust at 79%, indicating that the recovery was not driven by a single entity.
Overall, 2025 demonstrated a clear improvement in financial resilience across Oman’s insurance industry. While market performance remains concentrated among larger players, the broad-based recovery in profitability suggests strengthening fundamentals, said the report. M