|  Market: Kuwait||Symbol: GINS||ISIN: KW0EQ0300420||Industry: Insurance|
|Par Value/Share||100 Fils|
|Number of Shares (Mn)||187.04|
|Market Cap (KWD Mn)||134.67|
Gulf Insurance Group K.S.C.P (GIG) 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.
GIG is amongst the largest and most diversified insurance groups in the Middle East and North Africa region. The 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 interests in Syria, Iraq, Lebanon, Saudi Arabia, Algeria, Turkey and the United Arab Emirates. Both GIG's revenue and earnings are well diversified geographically.
Gulf Insurance Group K.S.C.P enjoys the privilege of being the first trio-rated insurance group in Kuwait. Standard and Poor’s rating services agency has raised GIG’s Financial Strength Rating to “A-“ from “BBB+” with Stable Outlook. A.M. Best Europe – Rating Services Limited has affirmed its Financial Strength Rating of “A” (Excellent) and the issuer credit rating to “a” of Gulf Insurance Group K.S.C.P with Stable Outlook. Also Moody’s Investors Service agency has affirmed an “A3” insurance financial strength rating (IFSR) with a stable outlook to Gulf Insurance Group K.S.C.P. The ratings reflect GIG’s strengthened risk-adjusted capitalization, its robust track record of underwriting profitability, strong liquidity, strong financial risk profile, satisfactory management and governance, and adequate risk management.
Through customer-centric approach, GIG offers range of products and services involving various classes of insurance: Motor, Marine & Aviation, Property & Casualty, Engineering and Life & Health in conventional and takaful (Islamic insurance based on Shariah principles) basis. Our products and services are designed and developed in collaboration with leading international insurance and reinsurance companies to meet individuals’ and corporate customers’ insurance requirements.
Gulf Insurance Group has become one of the largest Insurance networks in the Middle East and North Africa by lending utmost professional and personalized attention to the current and future needs of our valued customers.
|Financial Highlights (KD Million)||2014||2015||2016|
|Gross Premiums Written||173.6||185.9||213.2|
|Net Premiums Written||90.9||98.3||104.1|
|Net Underwritting Income||8.5||12.3||13.4|
|Attributable Income to GIG||12.0||14.1||12.0|
|Total Consolidated Assets||347.2||368.4||375.9|
|Return on Consolidated Assets (ROA)||4%||4%||4%|
|Return on Equity||14%||16%||15%|
|Net Technical Reserves||106.8||112.7||106.4|
|Total Investment & Cash||212.5||214.7||218.7|
|Return on Investments||6%||6%||5%|