Gulf Insurance Group announces Net profit of KD 12.6 million (US$ 41.1 million) for the first half of 2025

Gulf Insurance Group (GIG) announced that it achieved a net insurance result of KD 15.6 million (US$ 51.2 million) for the first half of 2025, compared to KD 16.6 million (US$ 54.4 million) for the same period last year. 

Net investment income reached KD 28.2 million (US$ 92.4 million) for the first half of 2025, compared to KD 31.6 million (US$ 103.2 million) recorded for the same period last year.
Net profit stood at KD 12.6 million (US$ 41.1 million) for the first half of 2025, equivalent to earnings per share of 38.68 fils (US$ 0.127) compared to a net profit of KD 16.8 million (US$ 54.9 million) or 59.03 fils per share (USD 0.193) for the same period last year. 
Insurance revenue reached KD 359.6 million (US$ 1.2 billion) compared to KD 449.2 million (US$ 1.5 billion) recorded for the same period last year.

The book value per share reached 864 fils as of June 30, 2025, compared to 852 fils as of December 31, 2024, an increase of 1.4%.

Equity attributable to the shareholders of the parent company amounted to KD 245.9 million (US$ 804.4 million) as of June 30, 2025, an increase of 1.4% compared to the equity attributable to the shareholders of the parent company as of December 31, 2024, which amounted to KWD 242.6 million (USD 793.3 million).

Total assets reached KD 1.26 billion (US$ 4.12 billion) as of June 30, 2025, compared to KD 1.24 billion (US$ 4.05 billion) as of December 31, 2024, an increase of KD 23.4 million (US$ 77 million), representing a 1.9% increase.

As it continues to strengthen its international footprint and capabilities, GIG remains one of the largest and most diversified insurance groups in the MENA region where it focuses on shaping a valuable insurance ecosystem.

The Group extended its gratitude to its customers, shareholders, namely FAIRFAX, and board members for their continued trust in the Group’s strategy, further thanking employees for their dedication and efforts and all the concerned authorities in the State of Kuwait for their continuous cooperation to develop the Kuwaiti insurance sector.