Gulf Insurance Group has announced a net profit of KWD24.7m ($80.3m), for the financial year ended 31 December 2025 (FY2025), 4.6% lower compared to a net profit of KWD25.9m in the previous year.
Other highlights of GIG’s FY2025 financial results are:
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Insurance revenue reached KWD728.6m, a 14% drop from the KWD846.6m recorded in 2024.
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Net investment income reached KWD57m, representing an increase of 10% compared to KWD52.1m recorded in the previous year.
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Equity attributable to the shareholders of the parent company reached KWD264.2m as at 31 December 2025, an increase of 9% compared to KWD242.6m 12 months earlier.
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Total assets amounted to KWD1.33bn as at 31 December 2025, compared to KWD1.24bn as at 31 December 2024, an increase of 7.2%.
The board of directors has recommended not to distribute a cash dividend for FY2025, subject to the approval of GIG’s General Assembly and other concerned regulatory authorities.
GIG is the largest insurance group in Kuwait in terms of written and retained premiums, with operations in life and non-life as well as takaful. GIG also has one of the largest insurance networks in the Middle East and North Africa with companies in Kuwait, Bahrain, Jordan, Egypt, Turkey, Algeria, UAE, KSA, Qatar, Oman, Iraq, and Lebanon. Its reported consolidated assets stood at $4.3bn as at 31 December 2025.