Kuwait City - Gulf Insurance Group announced today that the Group achieved net profits of KD 13 million (US$ 42 million), equivalent to earnings of 42.99 fils (US$ 0.139) per share for the first quarter of 2026, representing an increase of 97.6% or KD 6.4 million (US$ 20.7 million) compared to the same period of the previous year, compared to net profits of KD 6.6 million (US$ 21.3 million) with earnings of 20.42 fils (US$ 0.066) per share for the same period of the previous year.

Insurance revenues reached KD 192.5 million (US$ 621.6 million) during the first quarter of 2026, representing an increase of 8.2% or KD 14.7 million (US$ 47.2 million) compared to KD 177.8 million (US$ 574.4 million) for the same period of the previous year.

Net investment income amounted to KD 18.2 million (US$ 58.6 million) during the first quarter of 2026, representing an increase of 49.6% or KD 6 million (US$ 19.4 million) compared to KD 12.1 million (US$ 39.2 million) for the same period of the previous year.

The book value per share reached 948 fils as of March 31, 2026, compared to 929 fils as of December 31, 2025, an increase of 2.1 % .

Shareholders’ equity attributable to the parent company amounted to KD 269.8 million (US$ 871.5 million) as of March 31, 2026, an increase of 2.1 % compared to KD 264.2 million (US$ 853.5 million) as of December 31, 2025.

Total assets amounted to KD 1.34 billion (US$ 4.34 billion) as of March 31, 2026, compared to KD 1.33 billion (US$ 4.29 billion) as of December 31, 2025, an increase of KD 16.9 million (US$ 54.6 million), or 1.3%.

As it continues to strengthen its international presence and operational capabilities, Gulf Insurance Group remains one of the largest and most diversified insurance companies in the Middle East and North Africa region, based on the design of a valuable environmental insurance system.

The group expressed its gratitude to its clients and shareholders, especially Fairfax Financial Holdings, and to the members of the Board of Directors for their continued support of the group’s strategy. It also expressed its appreciation to its employees for their valuable efforts, and thanks to all regulatory authorities in the State of Kuwait for their continued cooperation in developing the Kuwaiti insurance sector.

-I finish-

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