Gulf Insurance Group (GIG) has announced that it achieved a net profit of KWD12.6m ($41.1m) for the first half of 2025, compared to a net profit of KWD16.8m for the corresponding period last year.
Other highlights of GIG’s 1H2025 financial performance include:
- Net insurance result amounted to KWD15.6m ($51.2m) for the first half of 2025, compared to KWD16.6m for the corresponding period last year.
- Net investment income reached KWD28.2m for the first half of 2025, compared to KWD31.6m recorded for the corresponding period last year.
- Insurance revenue reached KWD359.6m compared to KW449.2m recorded for the corresponding half last year.
- Equity attributable to the shareholders of the parent company amounted to KWD245.9m as of 30 June 2025, an increase of 1.4% compared to the equity attributable to the shareholders of the parent company as of 31 December 2024, which amounted to KWD242.6m.
- Total assets reached KWD1.26bn as of 30 June 2025, compared to KWD1.24bn as of 31 December 2024, 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.