Latest news with #QLM
Zawya
3 days ago
- Business
- Zawya
Qatar: QLM reports $198.43mln in insurance revenue
Doha, Qatar: Qatar's leading life and medical insurer, QLM Life & Medical Insurance Company QPSC, announced its financial results for the six-month period ended 30 June 2025. Insurance revenue for the period stood at QR722.3m, compared to QR574.4m in the same period last year, reflecting an increase of 26 percent. Commenting on the results, Sheikh Saoud bin Khalid bin Hamad Al-Thani, Chairman of QLM, said: 'At the heart of our work is the trust we earn every day. We are dedicated to a future where our members' well-being is not just a goal but a lived reality, driven by the synergy of our innovative platforms and the human insight of our experts. This steadfast commitment is the foundation of our partnerships, cementing our role as a trusted steward for our members and a vital ally for our stakeholders.' The company reported a net profit of QR42.6m for the period ending 30 June 2025, compared to QR42.1m for the same period in 2024. Earnings per share was stable and stood at QR0.12 in Q2 2025, as compared to QR0.12 in Q2 2024. Net investment and other income grew by 16 percent and stood at QR27.8m, as against QR23.9m in Q2 2024. Fahad Al-Suwaidi, CEO of QLM, added: 'Central to our mission is a profound commitment to our members' well-being. We are fundamentally reshaping the landscape of insurance by strategically fusing cutting-edge technology with proactive wellness solutions. Our advanced platforms don't simply offer protection; they are intelligent systems designed to anticipate and prevent risks, creating a new standard of security for those we serve. This commitment solidifies our position as a powerful force for prevention and an unwavering guardian of health, cementing our role as a forward-thinking partner for our members and stakeholders alike.' QLM is a publicly listed Qatari company specialising in life and medical insurance solutions and aim 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 and beyond, following a path of continued success in health insurance. © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. ( The Peninsula Newspaper
Zawya
3 days ago
- Business
- Zawya
QLM reports 26% surge in insurance revenue in H1 2025
QLM Life & Medical Insurance Company (QLM), Qatar's leading provider of life and medical insurance solutions, has announced robust financial results for the first half (H1) of 2025, with insurance revenue climbing 26 percent year-on-year to QR722.3 million from QR574.4 million in the same period of 2024. The company recorded a net profit of QR42.6 million for the six-month period ending 30 June 2025, marginally higher than the QR42.1 million reported a year earlier. Earnings per share remained stable at QR0.12. Net investment and other income grew by 16 percent to QR27.8 million, compared with QR23.9 million in H1 2024. QLM Chairman Sheikh Saoud bin Khalid bin Hamad Al Thani said the company's success continues to be underpinned by its unwavering commitment to the health and trust of its members. Sheikh Saoud said, 'At the heart of our work is the trust we earn every day. We are dedicated to a future where our members' well-being is not just a goal but a lived reality, driven by the synergy of our innovative platforms and the human insight of our experts. This steadfast commitment is the foundation of our partnerships, cementing our role as a trusted steward for our members and a vital ally for our stakeholders.' Highlighting QLM's forward-looking strategy, QLM CEO Fahad Al Suwaidi emphasised the company's dual focus on cutting-edge technology and proactive wellness initiatives. 'We are fundamentally reshaping the landscape of insurance by strategically fusing advanced digital platforms with comprehensive wellness solutions,' Al Suwaidi said. 'Our systems do not simply provide protection; they are intelligent tools designed to anticipate and prevent risks, setting a new benchmark for health security. This commitment strengthens our role as a powerful force for prevention and a trusted partner for our members and stakeholders alike,' he said. QLM has invested heavily in digital transformation, enhancing member access to healthcare services through streamlined claims processing, telemedicine solutions, and wellness-focused programs. The company's personalised insurance products, combined with predictive analytics, aim to provide early health interventions while optimising costs for both members and corporate clients. As a publicly listed Qatari company, QLM continues to consolidate its position as the country's premier life and medical insurer, offering tailored coverage solutions for individuals, families, and businesses. The company's vision is to be the most trusted healthcare partner in Qatar and the wider region, consistently delivering exceptional service and value. With strong growth in revenue and continued investment in technology and preventive health strategies, QLM is positioned to build on its record of stability, innovation, and member-centric service in the years ahead. © Copyright Qatar Tribune. All Rights Reserved. Provided by SyndiGate Media Inc. (
Qatar Tribune
4 days ago
- Business
- Qatar Tribune
QLM reports 26% surge in insurance revenue to QR722.3 mn in H1 2025
Tribune News Network Doha QLM Life & Medical Insurance Company (QLM), Qatar's leading provider of life and medical insurance solutions, has announced robust financial results for the first half (H1) of 2025, with insurance revenue climbing 26 percent year-on-year to QR722.3 million from QR574.4 million in the same period of 2024. The company recorded a net profit of QR42.6 million for the six-month period ending 30 June 2025, marginally higher than the QR42.1 million reported a year earlier. Earnings per share remained stable at QR0.12. Net investment and other income grew by 16 percent to QR27.8 million, compared with QR23.9 million in H1 2024. QLM Chairman Sheikh Saoud bin Khalid bin Hamad Al Thani said the company's success continues to be underpinned by its unwavering commitment to the health and trust of its members. Sheikh Saoud said, 'At the heart of our work is the trust we earn every day. We are dedicated to a future where our members' well-being is not just a goal but a lived reality, driven by the synergy of our innovative platforms and the human insight of our experts. This steadfast commitment is the foundation of our partnerships, cementing our role as a trusted steward for our members and a vital ally for our stakeholders.' Highlighting QLM's forward-looking strategy, QLM CEO Fahad Al Suwaidi emphasised the company's dual focus on cutting-edge technology and proactive wellness initiatives. 'We are fundamentally reshaping the landscape of insurance by strategically fusing advanced digital platforms with comprehensive wellness solutions,' Al Suwaidi said. 'Our systems do not simply provide protection; they are intelligent tools designed to anticipate and prevent risks, setting a new benchmark for health security. This commitment strengthens our role as a powerful force for prevention and a trusted partner for our members and stakeholders alike,' he said. QLM has invested heavily in digital transformation, enhancing member access to healthcare services through streamlined claims processing, telemedicine solutions, and wellness-focused programs. The company's personalised insurance products, combined with predictive analytics, aim to provide early health interventions while optimising costs for both members and corporate clients. As a publicly listed Qatari company, QLM continues to consolidate its position as the country's premier life and medical insurer, offering tailored coverage solutions for individuals, families, and businesses. The company's vision is to be the most trusted healthcare partner in Qatar and the wider region, consistently delivering exceptional service and value. With strong growth in revenue and continued investment in technology and preventive health strategies, QLM is positioned to build on its record of stability, innovation, and member-centric service in the years ahead.
Zawya
30-04-2025
- Business
- Zawya
Qatar: QLM earns insurance revenue of $82.28mln in first quarter
Qatar - QLM Life & Medical Insurance Company has earned an insurance revenue of QR299.5mn in the first quarter of the year. The net profit of the company for the period that ended on March 31, stood at QR15.2mn as against QR17.4mn in the same period last year. Earnings per share in Q1, 2025 was QR0.04 per share as compared to QR0.05 in Q1, 2024. Net investment and other income in the first quarter stood at QR12mn, compared to QR10.2mn in Q1, 2024. QLM Chairman Sheikh Saoud bin Khalid bin Hamad al-Thani said, 'At the core of our mission lies an unshakable commitment to delivering exceptional care for our members. We blend technological innovation with the invaluable knowledge of our local experts to create service experiences that are both rigorously precise and genuinely responsive to individual needs. 'This strategic fusion enables us to consistently exceed expectations while reinforcing our position as the essential partner for stakeholders who value excellence, reliability, and meaningful results.' QLM CEO Fahad al-Suwaidi stated, 'QLM is redefining insurance through the strategic fusion of powerful technology and proactive wellness solutions. Our advanced systems don't just respond to needs — they anticipate risks and create smarter safeguards for our members. 'By combining data-driven insights with a deep commitment to wellbeing, we are building a new standard where protection doesn't just recover — it prevents. Every innovation we deploy serves one clear purpose: to place our members' security and health at the forefront of an evolving insurance landscape.' © Gulf Times Newspaper 2022 Provided by SyndiGate Media Inc. ( Doha
