Gulf Insurance Group announces KD 5.6 million (US$ 18.4 million) net profit and Gross Written Premiums increased to reach KD 156.3 million with 58.7 percent growth for the first half of 2017

25 July 2017

 

Kuwait City, 24th July 2017: Gulf Insurance Group (gig) announced a net profit of KD 5.6 million (US$ 18.4 million), or 31.21 fils per share, for the first half of 2017 compared with net profit of KD 7.13 million (US$ 23.5 million) for the same period last year and with decrease of KD 1.53 million (US$ 5.1 million) or 21.7 percent. This decrease is due to the group’s share of results from its subsidiaries.

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Gulf Insurance Group continues to be distinguished by its strong financial ratings for 2017

14 July 2017

 

Kuwait City, 14th July 2017 - Gulf Insurance Group, one of the leading insurance service providers in Middle East and North Africa region, announced that Standard and Poor’s rating services agency upgraded the group’s financial strength rating to “A-“ from “BBB+” with stable outlook. In addition, A.M. Best rating agency affirmed the group’s financial strength rating at “A” Excellent with stable outlook.

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Gulf Insurance Group Supports Kuwait Association for the Care of Children in Hospital (KACCH) and Bayt Abdullah Children’s Hospice (BACCH)

13 July 2017

 

Kuwait, July 13th 2017- Gulf Insurance Group, one of the leading insurance service providers in Middle East and North Africa, announced its support to Kuwait Association for the Care of Children in Hospital (KACCH) and Bayt Abdullah Children’s Hospice (BACCH), through its contribution of supporting the insurance needs of both organizations.

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Forbes Middle East names Gulf Insurance Group among ‘Top Listed Companies in Kuwait 2017’

28 May 2017

 

Gulf Insurance Group [gig], one of the leading insurance service provider in the Middle East and North Africa region, was recognized by Forbes Middle East as a ‘Top 50 Listed Company in Kuwait 2017’. The award was announced during an event held at the J.W. Marriott in Kuwait.

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Gulf Insurance Group Organizes Cyber Insurance Workshop

14 May 2017

 

Gulf Insurance Group K S C P [“gig”], a leading insurance service provider in the Middle East and North Africa, organized a Cyber Insurance workshop on Sunday.

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Gulf Insurance Group acquires AIG Sigorta, Turkish Non-Life insurer

08 May 2017

 

Gulf Insurance Group K S C P [“gig”] (KSE: GINS), a leading insurance service provider in the Middle East and North Africa region, announced on the 3rd of May 2017 that it has successfully acquired 100% stake of ‘AIG SIGORTA ANONİM ŞİRKETİ’ (AIG Sigorta A. Ş), a Turkish Non-Life insurer

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Gulf Insurance Group announces KD 2.8 million (US$ 9.2 million) first quarter 2017 net profit

08 May 2017

 

Gulf Insurance Group announces KD 2.8 million (US$ 9.2 million) first quarter 2017 net profit

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Gulf Insurance Group successfully entered the Turkish insurance market and achieved net profit of KD 12.00 million with 67.02 fils per share and distribution of 40% cash dividend.

02 April 2017

 

Kuwait City, April 2 2017- Today, Gulf Insurance Group held its Fifty-fifth ordinary general assembly ,the group announced achieving net profit of KD 12.00 million (US$ 39.3 million), equivalent to 67.02 fils per share for the financial year ended December 31st, 2016. With a decline of 14.8 percent compared with a profit of KD 14.09 million (US$ 46.1 million) from last year, The results impacted by the decline of some Arabian currencies against the Kuwaiti dinar, especially the devaluation of the Egyptian pound as a result from the floating of currency in Egypt which occurred in November 2016.

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Gulf Insurance Group announces KD 12 million (US$ 39.3 million) in net profit of 2016 with EPS fils 67.02

22 February 2017

 

Kuwait City, 22 Feb, 2016: Gulf Insurance Group (GIG) announced today that it has achieved a net profit of KD 12 million (US$ 39.3 million), or 67.02 fils per share for the financial year ended December 31, 2016, compared to KD 14.09 million (US$ 46.1 million) in 2015 with decrease of 14.8 per cent.

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Gulf Insurance Group continues to support The Protégés.

30 January 2017

 

Gulf Insurance Group, the leading insurance services provider in Kuwait and the Middle East, has announced its continuous support to The Proteges Program for the fourth consecutive year under KIPCO’s umbrella. The support is in line with our Corporate Social Responsibility (CSR) program, which is aimed at the continuous support of initiatives that benefit society for a social cause that makes Gulf Insurance a constant and active member of the society.

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