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  Market: Kuwait Symbol: GINS ISIN: KW0EQ0300420 Industry: Insurance

 Share Data
2018-05-23
Currency KWD
Previous Close 0.600
Change (%) -6.25
Par Value/Share 100 Fils
Volume 111500
Number of Shares (Mn) 187.04
Market Cap (KWD Mn) 112.22
   

 Company presentation

Gulf Insurance was established in 1962.

It is a public shareholding company listed on the Kuwait Stock Exchange and a consistent market leader in Kuwait in terms of premiums written.

The Group is amongst the largest and most diversified insurance groups in the Middle East and North Africa region.

Gulf Insurance Group is one of the leading private insurers (By Gross Premium Written) with a strong competitive market position in Kuwait, Jordan, Bahrain and Egypt.

Furthermore, the Group has operations in Syria, Iraq, Lebanon, Saudi Arabia, Algeria,Turkey and the United Arab Emirates.

The Group’s both revenue and earnings are well diversified geographically.


Financial Highlights (KD Million) 2015 2016 2017
Gross Premiums Written 185.9 213.2 304.8
Net Premiums Written 98.3 104.1 134.6
Retention Ratio 53% 49% 44%
Net Underwritting Income 12.3 13.4 8.3
Attributable Income to GIG 14.1 12.0 10.3
Shareholders’ Equity 89.6 82.3 84.5
Total Consolidated Assets 368.4 375.9 494.1
Return on Consolidated Assets (ROA) 4% 4% 2%
Return on Equity 16% 15% 12%
Net Technical Reserves 112.7 106.4 123.4
Total Investment & Cash 214.7 218.7 239.8
Return on Investments 6% 5% 5%
Profitability Ratio 6.62% 6.31% 2.71%
U/W Leverage 89% 102% 128%