Gulf Insurance Group (GIG) reported a net insurance result of KWD11.6m ($37.9?m) for the first nine months of 2025, down from KWD24.9m in the same period last year.
Net investment income rose slightly to KWD44.1m compared to KWD43.7m in 2024.
Overall net profit stood at KWD14.2m, equivalent to earnings per share of 41.71 fils ($ 0.137), compared with KWD22.1m or 69.62 fils per share for the same period last year.
Insurance revenue for the nine months totaled KWD540.2m, down from KWD678.6m previously.
The book value per share increased to 874 fils as of 30 September 2025, from 852 fils at year-end 2024, marking a 2.5% rise. Equity attributable to shareholders reached KWD248.7m, up by 2.5% as of 30 September from KWD242.6m at the end of 2024.
Total assets grew 3.6% as of 30 September 2025 to KWD1.28bn from KWD1.24bn at 31 December 2024.
GIG continues to strengthen its international presence and remains one of the largest and most diversified insurance groups in the MENA region, focusing on building a comprehensive insurance ecosystem.