Gulf Insurance's profits rise 89.2% in the first six months

Gulf Insurance Group announced that it achieved net profits of 23.8 million Kuwaiti dinars ($76.7 million), equivalent to earnings per share of 78.06 fils ($0.252), during the first half of 2026. This represents an increase of 89.2 percent, or $36.2 million, compared to the same period last year, when net profits were 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), an increase of 11.1 percent, 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), an increase of 23.2 percent, or 6.6 million dinars ($21.2 million), compared to 28.2 million dinars ($91.2 million) in the same period last year.

Book value per share stood at 998 fils as of June 30, 2026, up from 929 fils on December 31, 2025, an increase of 7.4 percent.

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 percent compared to 264.2 million dinars ($852.9 million) on 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) on December 31, 2025, an increase of 175.9 million dinars ($567.8 million), or 13.3 percent.