QLM Life & Medical Insurance Company Q.P.S.C. (QLMI) Earnings Call Transcripts

QLM Life & Medical Insurance Company Q.P.S.C.'s Latest Earnings Call - Q1 FY2026

In Q1 2026, QLM Life & Medical Insurance Company reported a 22% increase in insurance revenue, reaching QAR 364 million, compared to QAR 299.5 million in Q1 2025. Gross written premiums (GWP) rose by 15% to QAR 866 million. Despite the revenue growth, profit after tax saw only a marginal increase of 1% to QAR 15.3 million. Management maintained guidance, citing cautious optimism for future improvements in profitability, particularly in the Medical segment.

Reported metrics

Guidance from management

Management maintained guidance, expressing optimism for profitability improvements in the Medical segment by Q3 2026 due to renegotiated provider contracts.

What management said

Yes. So First thing that net insurance service result was QAR 5.95 million as compared to QAR 7.3 million. The major part, of course, is coming from the fact that our UAE portfolio and of course, our own portfolio, which is if you see, we are improving, but it is still in negative as on Q1. So of course, that part has contributed here. So as we progress through the year and when I mentioned that we are in the process...

Quite optimistic that it should happen by anywhere around third quarter given the fact that now one of the major providers contracts have been formalized and signed off. And we are looking for the second provider also to be concluded within the next month, yes.

What analysts pressed on

Analysts expressed concern over the Medical segment's continued losses and sought clarity on the timeline for profitability. Questions also focused on the lack of progress in mandatory health insurance implementation.

Main topics on the call

• Revenue Growth — QLM reported a 22% increase in insurance revenue, driven by a 16% growth in the Medical segment and a 7% increase in the Life segment. "Much of the growth was because of the UAE portfolio," said CFO Puneet Pakshi.
• Medical Segment Challenges — The Medical segment reported a reduced loss of QAR 10.5 million, down from QAR 15.8 million in Q1 2025. Management attributed improvements to renegotiated contracts with major providers like Al Ahli Hospital.
• Reinsurance Strategy — QLM's reinsurance strategy resulted in a positive net result of QAR 1 million from reinsurance operations, compared to a QAR 4.5 million loss in Q1 2025. The company retains only 1% of the UAE portfolio, with 99% reinsur...
• Profit Margins — Despite revenue growth, the net insurance service result declined to QAR 5.95 million from QAR 7.3 million. Management is optimistic about improvement by Q3 2026 due to ongoing cost containment efforts.

Read the full QLM Life & Medical Insurance Company Q.P.S.C. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 3 QLM Life & Medical Insurance Company Q.P.S.C. earnings call transcripts on record, spanning February 6, 2025 to April 28, 2026. Based on this history, QLM Life & Medical Insurance Company Q.P.S.C. reports semi-annually. The most recent call on file is dated April 28, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

QLMI

Exchange

DSM

Country

QA

Sector

Financials

Industry

Insurance

Calls on record

3

First call

February 6, 2025

Most recent

April 28, 2026

Reporting cadence

semi-annually