Download PDF
Market: Oman Symbol: DICS ISIN: OM0000001095 Industry: Insurance

Dhofar Insurance Company is the largest composite general insurance Company in the Sultanate.  Established in 1989, the Company has the largest branch network amongst insurers in Oman with 42 branches spread across the various Wilayat’s in the Sultanate.  The Company has continuously been expanding its operations to reach out to its customers.

Dhofar Insurance caters to individuals across demographics and the corporate sector with its wide range of products and services that go beyond insurance.  The Company is not only bringing insurance solutions to the customers’ doorstep but also improving insurance penetration, with its advanced digital and mobile applications.  The Company has a strong focus on customer centricity and aims at delivering superior value with an excellent and caring experience for the customer. Today the Company is taking its relationships with the customers beyond insurance, by offering them a plethora of digitised customer-centric initiatives. 

Dhofar Insurance is listed on the Muscat Stock Exchange (MSX: DICS) and has registered strong financial results by posting a net profit after tax of RO 4.180 million.  The Company has also a very healthy combined operating ratio and solvency ratio.

Share data 28-Apr-2025
KEY FIGURES (OMR) 2022 2023 2024
Statement of Profit or Loss
Insurance revenue 64,228,725 70,374,317 84,210,727
Insurance service results 1,212,893 1,419,765 3,373,071
Net investment income 3,490,913 7,733,181 2,460,692
Net insurance and investment results 5,324,648 8,547,431 5,799,670
Net profit after tax for the year 3,893,518 6,170,259 4,180,129
Statement of Financial Position 
Total assets 120,095,516 133,585,707 137,458,435
Total liabilities 90,673,016 98,467,999 98,196,840
Total shareholder's equity 29,422,500 35,117,708 39,261,595
Statement of Cash Flows
Net cash flows from (used in) operating activities 9,299,861 7,420,486 7,178,425
Net cash flows from (used in) investing activities 2,151,404 (2,258,915) (12,174,668)
Net cash flows from (used in) financing activities (1,740,000) (1,751,431) (1,757,473)
Earnings per Share
Basic earnings per share 0.038 0.057 0.038
Diluted earnings per share 0.006 0.057 0.038