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. The Company’s reinsurance revenue reached OMR 54.3 million (USD 141.2 million), representing a 9% increase compared to OMR 49.9 million (USD 129.8 million) in 2024.

Net profit after tax recorded a significant 54% increase, reaching OMR 4.6 million (USD 12.1 million), compared to OMR 3.0 million (USD 7.8 million) in 2024. This strong performance was underpinned by a 37% improvement in net reinsurance results, which increased to OMR 2.8 million (USD 7.3 million) from OMR 2.0 million (USD 5.3 million) in the prior year. 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.

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 OMR 4.1 million (USD 10.6 million), compared to OMR 3.5 million (USD 9.0 million) in 2024. Net equity grew by 20% to OMR 42.3 million (USD 110.1 million) as of 31 December 2025, up from OMR 35.3 million (USD 91.9 million) in the previous year.

Commenting on the results, Romel Tabaja, Chief Executive Officer 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. I would like to express my sincere appreciation to our Board of Directors for their guidance, to our regulators at the Financial Services Authority for their continued support, and to our valued clients and partners for their continued confidence. Above all, I commend our dedicated employees, whose professionalism and teamwork have been instrumental in achieving these 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.

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