Gulf Insurance Group announces a net profit of KD 23.8 million (US$ 76.7 million) for the first half of 2026

Gulf Insurance Group (GIG), today announced a net profit of KD 23.8 million (US$ 76.7 million), or 78.06 fils per share (US$ 0.252) for the first half of 2026, an increase of 89.2% or KD 11.2 million (USD 36.2 million) compared to a net profit of KD 12.6 million (US$ 40.5 million) or 38.68 fils per share (USD 0.125) for the same period last year.

Insurance revenue reached KD 399.4 million (US$ 1.3 billion) for the first half of 2026, an increase of 11.1 percent or KD 39.8 million (US$ 128.6 million) compared to KD 359.6 million (US$ 1.2 billion) recorded for the same period last year.

Net investment income reached KD 34.8 million (US$ 112.4 million) for the first half of 2026, an increase of 23.2 percent or KD 6.6 million (US$ 21.2 million) compared to KD 28.2 million (US$ 91.2 million) recorded for the same period last year.

The book value per share reached 998 fils as of June 30, 2026, compared to 929 fils as of December 31, 2025, an increase of 7.4%.

Equity attributable to the shareholders of the parent company amounted to KD 283.9 million (US$ 916.4 million) as of June 30, 2026, an increase of 7.4% compared to the equity attributable to the shareholders of the parent company as of December 31, 2025, which amounted to KWD 264.2 million (USD 852.9 million).

Total assets came to KD 1.5 billion (US$ 4.85 billion) as of June 30, 2026, compared to KD 1.33 billion (US$ 4.28 billion) as of December 31, 2025, an increase of KD 175.9 million (US$ 567.8 million), or 13.3 percent.

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.

The Group extended its gratitude to its customers, shareholders, namely FAIRFAX, and board members for their continued trust in the Group’s strategy, further thanking employees for their dedication and efforts and all the concerned authorities in the State of Kuwait for their continuous cooperation to develop the Kuwaiti insurance sector.