Takaful Emarat reported a net loss after tax attributable to shareholders of AED 13.71 million for the three-month period ended 31 March 2026, a significant widening from the AED 4.12 million loss recorded in the first quarter of 2025.
Takaful revenue increased to AED 167.22 million compared to AED 136.25 million in the prior year, but the bottom line was weighed down by a substantial shift to a net investment loss for shareholders of AED 16.11 million, reversing an investment income of AED 2.77 million in Q1 2025.
Profitability was further pressured by rising operational costs, including a 17.5% increase in general and administrative expenses to AED 21.15 million and higher policy acquisition costs, which rose to AED 24.55 million.
Independent auditors included an emphasis of matter regarding the Group's failure to meet UAE regulatory capital standards as of 31 March 2026, specifically missing the Minimum Capital Requirement of AED 100 million and the Solvency Capital Requirement of AED 94.3 million.
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