Hayah Insurance Company P.J.S.C Report of accumulated losses for the year December 31,2025 | premargin
Hayah Insurance Company P.J.S.C Report of accumulated losses for the year December 31,2025
·ADX·Financial Reports | Report of accumulated losses·March 23, 2026·View on exchange
AI Summary
HAYAH Insurance Company reported accumulated losses of AED 77.5 million as of Q4 2025, representing 38.75% of its paid-up capital.
The losses are primarily attributed to legacy issues from AXA Group and AED 28.4 million in carried-forward losses from Green Crescent Insurance Company dating back to 2014.
Management has implemented recovery measures including the reduction of general and administrative expenses, the deployment of new pricing tools, and a restructuring of the technical team.
The company stated it has been generating profits since 2019 and has reorganized operations to focus on writing more profitable business.