Oman Reinsurance Company (Oman Re), the Sultanate's first and only reinsurer, has announced strong financial results for the year ended 31 December 2025, reflecting sustained growth, disciplined underwriting and strategic resilience.
Net profit after tax recorded a significant 54% increase, reaching OMR4.6m ($12.1m) in 2025, compared to OMR3.0m in 2024. This strong performance was underpinned by a 37% improvement in net reinsurance results, which increased to OMR2.8m from OMR2.0m in the prior year, the reinsurer said in a statement. The company’s combined ratio improved by 1.1 percentage points to 93.4%, compared to 94.5% in 2024, reflecting consistent underwriting discipline and effective cost management.
The company’s reinsurance revenue reached OMR54.3m, representing a 9% increase compared to OMR49.9m in 2024.
Oman Re’s prudent investment strategy continued to strengthen its financial position, resulting in an 18% increase in net investment and other income, which reached OMR4.1m, compared to OMR3.5m in 2024. Net equity grew by 20% to OMR42.3m as of 31 December 2025, up from OMR35.3m in the previous year.
Commenting on the results, Mr Romel Tabaja, CEO of Oman Re, said, “Our 2025 performance reflects the progress we made in delivering our strategic plan in a challenging and changing environment. Through targeted innovation and a continued focus on customer needs, we delivered sustainable growth and solid financial results.”
Oman Re remains focused on strengthening its market position, enhancing value for stakeholders and supporting the long-term development of the regional reinsurance sector through sound governance, innovation and responsible risk management.