Qatar Islamic Insurance Group Q.P.S.C. ($QISI)

Earnings Call Transcript · May 3, 2026

DSM QA Financials Insurance Earnings Calls 5 min

Highlights from the call

In the first quarter of 2026, Qatar Islamic Insurance Group (QISI:QA) reported a net income increase of 23% year-over-year, rising to QAR 38 million from QAR 31 million in Q1 2025. The company's total revenue from shareholder funds reached QAR 56 million, reflecting a solid performance despite the challenging economic environment. Management did not provide specific forward guidance for the upcoming quarters, leaving investors to assess the sustainability of this growth trajectory.

Main topics

Net Income Growth: Qatar Islamic Insurance Group's net income surged by 23% year-over-year, reaching QAR 38 million in Q1 2026 compared to QAR 31 million in Q1 2025. This growth indicates strong operational performance and effective cost management.
Revenue Performance: The total revenue from shareholder funds was reported at QAR 56 million for Q1 2026, demonstrating resilience in revenue generation. This figure is crucial for assessing the company's ongoing financial health.
Capital Contribution Increase: The group recognized a capital contribution of QAR 150 million, up from QAR 141 million in the same period last year, marking a 6% growth. This increase reflects confidence in the company's future prospects.
Earnings Per Share: Basic earnings per share (EPS) increased slightly to QAR 0.25 in Q1 2026 from QAR 0.24 in Q1 2025. While the growth is modest, it is a positive indicator of profitability.
Balance Sheet Strength: Total policyholders' equity stood at QAR 96 million, while total shareholder equity was QAR 571 million, compared to QAR 93 million and QAR 609 million, respectively, in Q1 2025. This slight decline in shareholder equity may raise questions about capital management.

Key metrics mentioned

Net Income: QAR 38 million (vs QAR 31 million in Q1 2025, +23% YoY)
Total Revenue: QAR 56 million (null)
Capital Contribution: QAR 150 million (vs QAR 141 million in Q1 2025, +6% YoY)
Earnings Per Share: QAR 0.25 (vs QAR 0.24 in Q1 2025)
Policyholders' Equity: QAR 96 million (vs QAR 93 million in Q1 2025)
Shareholder Equity: QAR 571 million (vs QAR 609 million in Q1 2025)

Qatar Islamic Insurance Group's strong net income growth and revenue performance are positive indicators for investors. However, the decline in shareholder equity raises concerns about capital management. Investors should monitor future earnings reports for guidance on sustainability and any potential market risks.

Earnings Call Speaker Segments

Operator

Hello, and welcome to Qatar Islamic Insurance. Please note that this call is being recorded. [Operator Instructions] I'd like to hand the call over now to Bobby Sarkar. Please go ahead.

Saugata Sarkar

Analysts

Thank you, Gail. Hi, hello, everyone. This is Bobby Sarkar, Head of Research at QNB Financial Services. I wanted to welcome everyone to Qatar Islamic Insurance Company's First Quarter 2026 Results Conference Call. So on this call from Qatar Islamic Insurance Management, we have Yasser Alamly, who is the Group CFO; Muhamed Ashraf, who is the Director of Risk Management; and Walid Abu Arja, who is the Investor Relations Officer. So we will conduct this conference with management reviewing the company's results followed by a Q&A. I would now like to turn the call over to Walid. Walid, please go ahead.

Walid Ibrahim Arja

Executives

Yes. Thank you very much. [Foreign Language] Ladies and gentlemen, on behalf of the Board of Directors and the management of Qatar Islamic Insurance Group, I welcome you all to the investors conference for 31st March '26. 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 of QIIG as at 31st March '26. Mr. Yasser Alamly, Group CFO; and Mr. Muhamed Ashraf, Director, Risk Management also joining us here. During the period, the group booked, recognized a capital contribution of QAR 150 million compared to QAR 141 million during the same period in 2025, registering 6% growth year-over-year. The policyholders fund generated net surplus of QAR 8 million in first quarter '26. The shareholders' fund total revenue reached QAR 56 million. The shareholder funds net income increased from QAR 31 million in first quarter 2025 by 23% to QAR 38 million in first quarter 2026. This translates into an increased basic earnings per share EPS of QAR 0.25 first quarter 2026 compared to QAR 0.24 first quarter 2025. On balance sheet side, as at 31st March 2026, the total policyholders' equity stood at QAR 96 million while total shareholder equity stood at QAR 571 million compared to QAR 93 million and QAR 609 million, respectively, as at end first quarter 2025. The combined total assets of policy holders fund and shareholder funds stood at QAR 1.186 billion as at 31st March '26. You can download the consolidated financial statement as at 31st March 2026 as well as the investor presentation from the Investor Relations section of our website, www.qisg.com.qa. I thank you all for your kind attention, and we are ready to accept or receive any question or inquiry. Thank you very much.

Operator

[Operator Instructions] Since there are no questions at the moment, I'd like to turn the call back over to Bobby for the closing remarks.

Saugata Sarkar

Analysts

Okay. Thank you, Gail. If there are no questions, we can end the call for today. I want to thank Walid and the rest of the management team for taking the time to go over the results, and we will again pick this up next quarter. Thanks, everyone.

Walid Ibrahim Arja

Executives

Thank you very much. Have a nice day. Bye.

Operator

Thank you all for joining. You may now all disconnect. Have a nice day ahead.

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