QLM insurance revenue jumps22% to QR364 mn in Q1 2026

Doha [Qatar], April 27: Qatar's leading life and medical insurer, QLM Life & Medical Insurance Company, on Sunday announced that its insurance revenue for the first quarter of 2026 stood at QR364 million as against QR299.4 million in the first quarter of 2025.
The net profit of the company for the first quarter of 2026 stood at QR15.3 million as against QR 15.2 million in the same period of 2025. The earnings per share in Q1 2026 was QR 0.04 per share as compared to QR 0.04 in Q1 2025. Net investment and other income in Q1 2026 stood at QR13.4 million, compared to QR12 million in Q1 2025.
Commenting on the results, QLM Chairman Sheikh Tamim bin Hamad bin Jassim bin Jabor Al Thani said, "As we commence the 2026-2028 board term, our focus is steadfast: to reinforce QLM's standing as the premier national insurer in Qatar. These Q1 results are a clear reflection of the disciplined execution of our strategy and the trust placed in us by our shareholders, clients, and regulators, and they demonstrate our ability to grow alongside Qatar's evolving economy in full alignment with the objectives of Qatar National Vision 2030.
"We are committed to a strategy that prioritizes local market stability, prudent underwriting discipline, and sustainable profitability, while delivering long-term value to our shareholders and continuing to expand the depth and quality of protection we offer to Qatari nationals, residents, and the corporate community. The renewed mandate of the Board strengthens our resolve to uphold the highest standards of corporate governance, financial soundness, and regulatory compliance, ensuring that QLM remains the most trusted name in life and medical insurance across the state."
Further adding on QLM's digital and AI agenda, the chairman said, "Looking ahead, the Board has placed digital transformation and the responsible adoption of artificial intelligence at the heart of QLM's strategic agenda for the 2026-2028 cycle. We firmly believe that the future of insurance will be defined by those institutions that succeed in combining financial strength with technological intelligence. To that end, QLM will pave its way in exploring next-generation digital platforms, advanced data analytics, and AI-driven capabilities across the entire customer journey from intelligent underwriting and faster claims adjudication to predictive health insights, fraud detection, and personalized memberengagement.
"Our ambition is clear as to deliver an insurance experience that is faster, smarter, and more human where every interaction with QLM is seamless, transparent, and tailored to the needs of our members. By harnessing AI and digital innovation in line with the highest standards of data privacy and ethical governance, we are not only elevating customer experience, but also reinforcing operational efficiency and contributing meaningfully to Qatar's vision of a knowledge-based, digitally empowered economy."
QLM CEO Fahad Al Suwaidi said, "Our success in Q1 is built on providing unparalleled value through innovation and a deep understanding of the local market. We are investing in digital solutions that ensure a seamless and efficient experience for every individual and corporation we serve. As we move through 2026, we remain dedicated to strengthening our position as Qatar's premier insurer by keeping the needs of our members at the core of our strategy."
QLM is a publicly listed Qatari company specialising in life and medical insurance solutions and aims at providing best-in-class service to its clients, with a unique value proposition. The company's vision is to continuously provide outstanding healthcare services by becoming the most trusted healthcare partner in Qatar, following a path of continued success in health insurance.
Source: Qatar Tribune