Oman Financial Services Authority reports insurance firms' Q1 investments rose 10.3% to RO 876.3 million, with about 81% allocated locally

The Oman Financial Services Authority published preliminary Q1 2026 data showing insurance firms operating in Oman held about RO 876.3 million in investments, up 10.3% from Q1 2025. Roughly 81% of those assets were invested within Oman, indicating continued concentration in the domestic market under the authority's investment rules, which require insurers and takaful insurers to place at least 70% of total investments locally and set limits across asset classes. Omani insurance firms accounted for about RO 588.8 million of total sector investments, while foreign firms accounted for about RO 287.5 million. Omani firms allocated around 80% of their portfolios in Oman and foreign firms about 85%. For Omani insurers, cash and bank deposits remained the largest asset class at about RO 263.9 million, or 45% of their investments, followed by corporate bonds at RO 87.2 million, government bonds at RO 79.4 million and listed equities at RO 73.6 million. Compared with Q1 2025, domestic listed equities rose 90.6%, investment funds 78.4%, corporate bonds 37.4% and unlisted equities 32%. The top four insurers held 44% of total sector investments, led by Gulf Insurance Group at RO 106.8 million, Dhofar Insurance at RO 106.4 million, Liva Insurance at RO 97.7 million and Oman Qatar Insurance at RO 75 million.