Gulf Insurance wins 23.8 million dinars in the first half, up 89.2%

Gulf Insurance Group announced today that it achieved net profits of 23.8 million dinars ($76.7 million), equivalent to earnings per share of 78.06 fils ($0.252) for the first half of 2026. This represents an increase of 89.2%, or 11.2 million dinars ($36.2 million), compared to the same period last year, when net profits stood at 12.6 million dinars ($40.5 million), with earnings per share of 38.68 fils ($0.125).

Insurance revenues reached 399.4 million dinars ($1.3 billion) during the first half of 2026, marking an increase of 11.1%, or 39.8 million dinars ($128.6 million), compared to 359.6 million dinars ($1.2 billion) in the same period last year. Net investment income amounted to 34.8 million dinars ($112.4 million) in the first half of 2026, reflecting a 23.2% increase, or 6.6 million dinars ($21.2 million), compared to 28.2 million dinars ($91.2 million) in the corresponding period last year.

The book value per share stood at 998 fils as of June 30, 2026, up 7.4% from 929 fils as of December 31, 2025. Equity attributable to shareholders of the parent company reached 283.9 million dinars ($916.4 million) as of June 30, 2026, an increase of 7.4% compared to 264.2 million dinars ($852.9 million) as of December 31, 2025.

Total assets amounted to 1.5 billion dinars ($4.85 billion) as of June 30, 2026, compared to 1.33 billion dinars ($4.28 billion) as of December 31, 2025, representing an increase of 175.9 million dinars ($567.8 million), or 13.3%.

As it continues to strengthen its international presence and operational capabilities, Gulf Insurance Group remains one of the largest and most diversified insurance companies in the Middle East and North Africa region, focusing on designing a valuable environmental insurance system.