Sukoon Insurance has announced its financial results for the third quarter of 2025, reporting a record profit before tax of AED 303.2 million, surpassing the full year profit of 2024 and registering 56% year-on-year (YoY) growth. The exceptional performance highlights Sukoon’s consistent focus on delivering value to its customers, shareholders, and partners.
Insurance revenue for the quarter grew by 20% YoY to reach AED 4.7 billion, while insurance services rose by 23% YoY to AED 193.3 million. The reported investment income stood at AED 205.2 million, reflecting 54% YoY increase. The results are driven by the company’s strong underwriting performance and disciplined investment strategy.
Hammad Khan, Interim CEO and Chief Financial Officer at Sukoon, said: “The UAE’s strong GDP growth is driving a surge in the insurance sector, powered by rapid economic expansion, digital transformation, and growing consumer awareness. With momentum building, 2025 is set to be a landmark year for the industry.” He added, “Through strategic alignment with emerging trends, Sukoon is well-equipped to succeed in the UAE’s vibrant and growing economic landscape. As we celebrate 50 years of excellence, we remain focused on innovation, operational efficiency, and sustainable growth for the years ahead.”
Sukoon’s solvency ratio in Q3’25 is above 270%, significantly above the regulatory minimum of 100%. It demonstrates the company’s strong ability to meet policyholders’ obligations. The company’s total assets for the quarter reached AED 11.1 billion.
Strong financials, supported by ratings of A (S&P) and A2 (Moody’s), reflect Sukoon’s sound financial position and prudent risk management practices, as well as its ongoing commitment to innovation and enhancing customer value across its insurance solutions.
With these results, Sukoon continues to reinforce its position as one of the UAE’s most trusted and financially secure insurers.
