Qatar Islamic Insurance Group Q.P.S.C. (QISI) Earnings Call Transcript
July 21, 2026
Earnings Call Speaker Segments
Hello, everyone, and welcome to Qatar Islamic Insurance Call. Please note that this call is being recorded. [Operator Instructions] I will now hand the call over to our moderator, Dana. Please go ahead.
Hello, everyone. This is Dana Al Sowaidi from QIB Financial Services. I would like to welcome everyone to Qatar Islamic Insurance Company's Second Quarter 2026 Financial Results Conference Call. On this call from management, we have Yasser Alamly, Group CFO; Muhamed Ashraf ,Group Director, Risk Management; and Walid Abu Arja, Investor Relations Officer. We will conduct this conference call with the management reviewing the company's results followed by a Q&A session. I will now turn the call over to Walid. Please go ahead.
Thank you very much. [Foreign Language] Ladies and gentlemen, on behalf of the Board of Directors and the management of QIIC, I welcome you all to the investors conference for 30th June 2026. I am Walid Abu Arja, the Investor Relations Officer at Qatar Islamic Insurance Group. And I will give you a snapshot of the financial results as at 30th June 2026. During the period, the group booked recognized the capital contribution of QAR 177 million compared to QAR 249 million during the same period in 2025, registering 29% decrease. The policyholders fund booked a surplus of QAR 7 million in first half of first half 2026 compared to surplus QAR 30 million in first half 2025. The shareholder fund total revenue were QAR 85 million in first half 2026 compared to QAR 98 million in first half 2025. The shareholders' on net income decreased from QAR 69 million in first half 2025 to QAR 60 million in first half 2026. This translates into a decreased basic earnings per share of QAR 0.40 for first half 2026 compared to QAR 0.46 for first half 2025. On balance sheet side, at 30th June 2026, the total policyholder equity stood at QAR 82 million, while total shareholders' equity stood at QAR 595 million compared to QAR 93 million and QAR 609 million, respectively, as at 30th June '25. The combined total assets of policyholders' and fund policyholders' fund shareholders' funds stood at QAR 1.276 billion as at 30th June 2026. You can download the consolidated financial statement as at 30th June '26 as well as the investor presentation from our Investor Relations section in our website, www.qiic.com.qa. Thank you very much, and we are ready for any questions.
[Operator Instructions] we have a question from [indiscernible] from [indiscernible]Investment.
Just a question on this quarter's performance. Could you give us some color on why the [ net ] income has dropped 40% and why the [indiscernible] income has also dropped to 30 million from 40 million last year. Just some color on the performance, please.
Yes. The drop has happened because some of the loss-making portfolios we avoided from the top line. Accordingly, that policies also got reduced because the medical policies, the health policies last year, we faced a lot of challenges and the portfolio was in a loss overall. That is why we reduced. That's -- we took a decision based on the recommendation from our rating agency.
Okay. And how should we think about the second half? Like what are the trends that you are seeing now?
Yes. The second half is going to be stable. And of course, you know that the geopolitical situation here in Qatar and in the region and a lot of challenges are there for business communities, especially in the training and project engineering project. And, of course it will affect the insurance companies as well. But we are not expecting any major losses, but it is going to be stable.
[Operator Instructions] There are no further questions at this time. That concludes our Q&A session. I will now hand the call over to Dana Al. Please go ahead.
If there are no more questions, I would like to thank the company's management for the results update and for taking the time to answer all queries, and we look forward to speaking to you all for the third quarter results.
Thank you very much. Have a nice day.
That concludes our conference call for today. You may now disconnect.
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