The Oman Financial Services Authority published audited 2025 insurance sector results showing higher revenue, profits and assets across the market. Total insurance revenue rose 3.86% to RO 501.6 million, while net profit increased 36% to about RO 34.3 million. The update links the improvement to stronger investment returns, stable underwriting activity and wider use of digital distribution channels. Growth was led by national insurers, whose revenue increased 3.78% to RO 404.2 million, while foreign insurers' revenue rose 4.19% to about RO 97.4 million. Total assets increased 6.9% to RO 1.31 billion and investment income jumped 42.6% to RO 49 million. Gross written premiums rose 8.9% to about RO 551.8 million, driven by 42% growth in life and savings business and a 6% increase in health insurance, while claims incurred fell 4.1% to RO 267.8 million and loss ratios improved for both national and foreign insurers. The release also highlights distribution and segment trends. Premiums generated through digital platforms increased 35.5% and bancassurance premiums rose 38.1%. Takaful operators' revenue edged up 1.04% to about RO 75.35 million, representing 15% of total insurance sector revenue.
Oman Financial Services Authority2026-05-16
Oman Financial Services Authority reports 2025 insurance revenue above RO 500 million, digital premiums up 35.5%
The Oman Financial Services Authority reported that Oman’s insurance sector generated RO 501.6 million of revenue in 2025, with net profit rising 36% to about RO 34.3 million. Gross written premiums increased 8.9% and claims fell 4.1%, supported by stronger investment income and improved underwriting. Digital premiums rose 35.5%, while Takaful revenue reached about RO 75.35 million.