Liva Group reported insurance revenue of OMR 194 million for the half-year ended June 30, 2025, up 24% from H1 2024, driven by expansion across Oman, the UAE and Saudi Arabia, according to its unaudited interim financial results. The group reversed a prior-year loss in its insurance service result to record a profit of OMR 10.3 million, compared to a loss of OMR 18.2 million in H1 2024.
Investment income increased 9% to OMR 7.5 million, supported by enhanced portfolio returns and favourable market valuations. The group achieved a net profit after tax of OMR 8.8 million, up from an OMR 15.9 million loss in the same period last year.
In the first quarter alone, insurance revenue rose 21% to OMR 94.1 million, and the insurance service result improved markedly to OMR 4.8 million from last year’s low base. The group recorded net income of OMR 4.2 million in Q1 2025, compared to a net loss in the prior-year quarter.
Industry-wide, the combined insurance revenue for all listed Omani insurers reached OMR 348 million in H1 2025, representing a 12% year-on-year increase. Their combined net profits rose to OMR 18 million, reversing a loss of OMR 10 million a year earlier.
