Takaful Emarat – Insurance (PSC) reported accumulated losses of AED 44.59 million as of Q1 2026, representing 21% of its paid-up capital.
The losses are primarily attributed to unrealized losses on equity investments due to geopolitical volatility, while core operations remain stable with a 23% year-on-year increase in Takaful revenues.
Takaful service results improved from 20% to 27% of revenues in Q1 2026, and the company maintained a general, administrative, and acquisition cost ratio of 27%.
Recovery initiatives include strengthening underwriting discipline, optimizing the cost structure, and active portfolio rebalancing to address market-driven losses.
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