1. Kuwait Stocks

  2. •

    Finance

  3. •

    Multi-line insurance
Gulf Insurance Group K.S.C.

Gulf Insurance Group K.S.C.

KKSE:GINS
1,372.00
KWF
+23.00
(+1.70%)
155.32EPS
16.64P/E
597.60BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.48
0.56
0.61
0.66
0.77
0.97
1.04
1.09
1.49
2.33
1.95
1.99
2.01
2.7
Basic EPS, GAAP
0.05
0.06
0.07
0.06
0.05
0.06
0.06
0.08
0.32
0.12
0.07
0.09
0.09
0.13
Free Cash Flow per Basic Share
0.09
0.09
-0.03
0.1
-0.15
0.13
0.19
0.22
-0.06
0.04
0.09
0.04
0.03
0.08
Dividend per Share
0.02
0.03
0.03
0.04
0.04
0.03
0.03
0.03
0.09
0.03
0.05
0.04
0.02
- -
Book Value per Share
0.38
0.42
0.44
0.39
0.4
0.44
0.52
0.56
0.96
1.02
1.04
1.06
1.14
1.21
Tangible Book Value per Share
0.34
0.37
0.38
0.32
0.33
0.37
0.45
0.49
0.67
0.74
0.76
0.8
0.89
0.97
Basic Weighted Avg Shares
207
204
202
202
202
202
207
204
225
284
284
284
285
285
Sales/Revenue/Turnover
100
114
123
133
155
196
216
224
335
661
553
565
572
769
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
1
4
1
1
2
2
3
3
4
7
11
12
12
13
Net Income, GAAP
10
12
14
12
10
12
13
16
73
33
21
26
25
36
Effective Tax Rate (%)
4.13
3.53
4.93
4.29
5.85
11.72
20.5
17.17
8.29
15.96
23.77
20.87
27.76
23.08
Profit Margin (%)
10.2
10.49
11.12
9.05
6.5
6.07
6.19
7.31
21.68
5.05
3.84
4.59
4.32
4.67
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
20
22
26
25
- -
- -
38
1
75
63
58
40
52
77
Total Equity
95
102
111
96
100
112
135
145
348
364
374
380
408
427
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
6.99
7.56
7.69
6.78
7.17
7.45
8.5
9.17
24.9
7.75
4.28
5.77
4.66
6.47
Return on Common Equity (%)
13.48
14.75
15.72
14.19
12.49
13.94
13.49
14.44
37.37
11.92
7.25
8.66
7.88
11.05

Capital Structure

KWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
22
11
20
LT Borrowings
48
71
72
LT Finance Leases
4
5
5
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
285
285
285
Market Capitalization
236
225
598

Working Capital

KWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
269
562
615
Accounts Receivable, Net
4
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
22
11
20
Deferred Revenue
- -
- -
- -

Growth Rates

KWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
18.66%
31.17%
7.24%
Free Cash Flow
-105.02%
-47.75%
-17.09%
Net Income, GAAP
29.59%
54.28%
-4.72%
Sales/Revenue/Turnover
19.91%
26.82%
1.17%
Total Cash Common Dividend
14.72%
24.27%
-37.98%

Quarterly Revenue

KWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
143
241
215
131
565
2025
128
166
171
149
572
2026
154
295
- -
- -
- -

Quarterly Earnings Per Share

KWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.04
0.02
0.02
0.01
0.09
2025
0.02
0.02
0.01
0.04
0.09
2026
0.05
0.04
- -
- -
- -

Quarterly Dividends Per Share

KWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.04
2025
- -
- -
- -
- -
0.02
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
Sector
Finance
Industry
Multi-line insurance
Address
Kuwait City Kuwait
IPO Date
Sep 29, 1984
Website
gulfinsgroup.com
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Business
Gulf Insurance Group K.S.C.P. is a Kuwait-based insurance holding company that provides life, non-life, and Islamic (Takaful) insurance and reinsurance products to retail, commercial, corporate, and governmental clients across the Middle East and North Africa (MENA) region. Founded in 1962 and headquartered in Kuwait City, Kuwait, the company operates across multiple core business segments, including Life and Health Insurance, General/Non-Life Insurance, Takaful Insurance, and Reinsurance Services. Its comprehensive product and service portfolio comprises individual and group health insurance, managed care, and supplemental medical coverage; individual and group life insurance, credit life, personal accident, and retirement savings plans; motor comprehensive, collision, and compulsory third-party liability insurance; property, fire, and business interruption insurance; marine cargo, hull, and freight transit coverage; aviation and aerospace insurance; engineering, contractor all risks, and erection all risks policies; energy, petrochemical, and onshore and offshore oil and gas liability coverage; commercial liability, including general third-party liability, product liability, professional indemnity, directors and officers (D&O) liability, cyber risk insurance, trade credit, and surety bonds; travel insurance; and Sharia-compliant family and general Takaful solutions. Gulf Insurance Group maintains a widespread geographic footprint across 13 countries, operating extensively in Kuwait, Bahrain, Jordan, Egypt, Turkey, Saudi Arabia, the United Arab Emirates, Oman, Qatar, Lebanon, Algeria, and Iraq through principal operating subsidiaries including GIG Gulf, GIG Kuwait, GIG Egypt, GIG Jordan, and GIG Takaful. In major corporate developments, Canada-based Fairfax Financial Holdings Limited completed the acquisition of Kuwait Projects Company (Holding) KIPCO's 46.32% equity stake in Gulf Insurance Group, establishing Fairfax as the ultimate controlling parent company with an ownership interest exceeding 90%. Additionally, the group completed the post-merger integration and full brand transition of its acquired AXA regional operations under the unified GIG brand across the Gulf Cooperation Council (GCC) markets, while expanding its digital infrastructure through the rollout of centralized automated underwriting, digital self-service policy portals, AI-enabled claims processing systems, and specialized corporate health and takaful product offerings.