Ras Al Khaima National Insurance Co. Management Discussion and Analysis Report for the Period Ended March 31,2026

Ras Al Khaimah National Insurance Co. reported a net profit after tax of AED 16.7 million for the quarter ended March 31, 2026, representing a 51.8% increase from AED 11.0 million in Q1 2025.
Insurance revenue rose to AED 139.2 million from AED 127.9 million YoY, while insurance service results more than doubled from AED 11.0 million to AED 22.3 million.
The net combined ratio improved to 82.6% compared to 91.9% in the prior year period, supported by prudent underwriting, improved claims handling, and optimized reinsurance arrangements.
Earnings per share increased to AED 0.14 from AED 0.09, while total equity grew to AED 230.8 million from AED 226.6 million at the end of 2025.