Gulf Insurance earns KD 38.5 million in 9 months
Press coverage 2 newspapers covered this event: Al-Jarida · Al-Wasat →
The Gulf Insurance Group achieved net profits worth KD 38.5 million during the first nine months of 2026, an increase of 171.2% compared to the previous year.
Translated by Alqyas from Al-Jarida — Original source
Gulf Insurance Group announced today that it achieved net profits of 38.5 million Kuwaiti dinars ($124.7 million), equivalent to earnings per share of 127.15 fils ($0.412) for the first nine months of 2026, representing a 171.2% increase, or $78.7 million (24.3 million dinars), compared to net profits of 14.2 million dinars ($46 million) with earnings per share of 41.71 fils ($0.135) for the same period last year.
Insurance revenues reached 634 million dinars ($2.1 billion) during the first nine months of 2026, marking a 17.3% increase, or $303.5 million (93.7 million dinars), compared to 540.2 million dinars ($1.7 billion) for the same period last year.
Net investment income amounted to 47.6 million dinars ($154.2 million) during the first nine months of 2026, reflecting an 8% increase, or $11.4 million (3.5 million dinars), compared to 44.1 million dinars ($142.7 million) for the same period last year. Book value per share stood at 1.022 fils as of September 30, 2026, up 10.1% from 929 fils as of December 31, 2025.
Equity attributable to shareholders of the parent company reached 290.8 million dinars ($941.7 million) as of September 30, 2026, an increase of 10.1% compared to equity attributable to shareholders of the parent company as of December 31, 2025, which stood at 264.2 million dinars ($855.7 million).
Total assets amounted to 1.6 billion dinars ($5.2 billion) as of September 30, 2026, compared to 1.33 billion dinars ($4.3 billion) as of December 31, 2025, representing an increase of 266 million dinars ($861.8 million), or 20.1%.
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, built on a foundation of designing a valuable environmental insurance system.
