Oman Insurance Revenues Record Steady 3.9% Growth in 2025

JEDDAH — Oman’s insurance sector posted a steady 3.86% revenue increase in 2025, reaching 501.6 million Omani rials ($1.3 billion), according to audited data from the Financial Services Authority.

Stronger investment returns (up 42.6% to 49 million rials), stable underwriting, and accelerating digital adoption fueled the growth. Total assets rose 6.9% to 1.31 billion rials, while net profits jumped 36% to 34.3 million rials.

Motor insurance remained the largest contributor at 23% of gross direct written premiums, followed by health at 21.7%. Premiums collected through digital channels surged 35.5%, and through banks by 38.1%. The sector’s contribution to GDP edged up to 1.3% from 1.2% in 2024.

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