Gulf Insurance Group (GIG) has announced a net profit of KWD13m ($42m), for the first quarter of 2026, representing a jump of 97.6% or KWD6.4 m, compared to the corresponding quarter last year.
Insurance revenue reached KWD192.5m in 1Q2026, representing an increase of 8.2% or KWD14.7m, compared to KWD177.8m recorded for 1Q2025.
Net investment income reached KWD18.2m for the first quarter of 2026, representing an increase of 49.6% year on year.
Equity attributable to the shareholders of the parent company amounted to KWD269.8m as of 31 March 2026, an increase of 2.1% compared to 31 December 2025.
Total assets stood at KWD1.34bn as at 31 March, compared to KWD1.33bn as at 31 December 2025, an increase of KWD16.9m or 1.3%.
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.