Muscat Insurance Company has published its key half-year business indicators, in accordance with IFRS 17 accounting standards.
Insurance revenue for the six months to 30 June 2025 amounted to 8.979 million OMR (23.3 million USD), down 15.58% on the 10.636 million OMR (27.5 million USD) recorded a year earlier.
Investments and other income stood at 912 920 OMR (2.3 million USD) against 1.072 million OMR (2.8 million USD) in the same period of 2024, marking a decline of 14.83%.
The Omani insurer’s net profit increased sharply by 349.87% from 88 668 OMR (229 600 USD) during the first half of 2024, to 398 887 OMR (1.03 million USD) twelve months later.
