Sukoon Insurance has announced a 56% year-on-year (YoY) surge in profit before tax to AED303.2m ($82.3m) for the first three quarters of this year (3Q2025), exceeding its full-year 2024 profit.
The Algerian insurance market recorded a significant increase of 8.1% in revenue in the first half of 2025, reaching DZD99.3bn ($767.0m), including international acceptances, according to data from the National Insurance Council (CNA).
Gulf Insurance Group (Gulf) [GIG Gulf)] has demonstrated improvement in its underwriting results over the first six months of 2025, due to the company focusing on higher margin products and exiting from poorly performing business, AM Best says. The insurer's combined ratio is expected to return to...