Sukoon Insurance (the Group) showed favourable results and forward momentum in the first half of 2025 across all dimensions of its business.
The Group reported a net profit before tax of AED218.1m ($59.4m) for 1H2025, compared to AED139.8m for the corresponding half last year, reflecting a surge of 56%. Insurance revenue sustained strong momentum, increasing by 20% year-on-year to AED3.1bn, while insurance service results rose by 31% to AED143.4m.
“These strong technical results reflect the disciplined execution of our organic growth strategy, with a healthy balance between volume and underwriting discipline,” said Sukoon in a statement lodged with the Dubai Financial Market.
Net investment income surged to AED144m in 1H2025 versus AED79.3m in the same period last year.
Mr Badr Abdulla Ahmad Al Ghurair, Sukoon chairman, said, “This substantial performance uplift reflects the Group’s strategic reallocation away from non-yielding assets towards liquid, income-generating instruments coupled with the deployment of free cashflows.“
Net profits attributable to owners of the company reached AED191.4m for the first six months of this year, 51.8% higher than the AED126.1m for 1H2024.
Mr Al Ghurair said, “As we enter the second half of our landmark 50th year, we remain deeply focused on accelerating our digital transformation, enhancing customer experiences, and enriching our community impact. In today’s evolving landscape, digital innovation is not just a strategic imperative ? it is a catalyst for redefining how we operate and serve. By investing in technologies, we are streamlining operations, delivering more intuitive services tailored to our customers' evolving needs.”
Sukoon Takaful revenue doubles in 1H
Sukoon Takaful Company, a subsidiary that is 94.66% owned by Sukoon Insurance, has delivered a standout performance in the first half of 2025, surpassing the entire 2024 revenue, the Islamic insurer said in a disclosure filed with the Dubai Financial Market.
Takaful revenue reached AED105.9m in 1H2025 against AED55.3m generated in the first half of the previous year, a 92% jump.
Net profit before tax attributable to shareholders for 1H2025 rose to AED11.04m compared to AED6.19m for 1H2024, reflecting a growth of 78%. Net takaful income reached AED30.2m in 1H2025 compared to AED14.2m in the corresponding half of the previous year. Investment income attributable to shareholders reached AED6.7m in 1H2025, up from AED6.01m in 1H2024.
Mr Saood Abdulaziz Al Ghurair, Sukoon Takaful chairman, said, “These exceptional results reflect the tangible outcomes of our transformation strategy launched in 2023, which has helped in stabilising our operations, reestablishing prudent underwriting discipline coupled with a balanced investment portfolio. Our firm financial standing lays the groundwork for a trajectory of accelerated and resilient growth in the years ahead.
“The surge has been further fuelled by our focus on digital engagement and a growing uptake in both general and family takaful offerings.”