ZAWYA: Gulf Insurance Group reports solid 2025 performance, reinforcing regional resilience

About this update from Gulf Insurance Group K.s.c.

Kuwait City: Gulf Insurance Group (GIG) held its Ordinary General Assembly Meetings today, during which shareholders approved the Board of Directors’ recommendation not to distribute cash dividends for the financial year ending December 31, 2025, as the Group prioritizes reinvestment in its long-term strategic growth agenda. The quorum was met with 97.192% of shareholders attending.Chairing the meetings on behalf of the Board, Board member Dr. Yousef Hamad Al-Ebraheem, highlighted GIG’s financial and operational achievements for 2025:“In a year defined by continued geopolitical complexity, elevated interest rates and shifting macroeconomic conditions across our markets, GIG delivered a resilient performance, closing 2025 with a net profit to the group of KD 24.7 million (US$ 80.3 million), total assets reached KD 1.3 billion (US$ 4.3 billion), and Parent Shareholders’ equity reached KD 264.2 million (US$ 859.3 million).Reflecting the Group’s growing scale and balance sheet strength. As one of the largest and most diversified insurance groups in the MENA region, GIG’s performance was underpinned by a strong insurance performance, disciplined risk management, prudent capital allocation, and a diversified multi-line, multi-geography business model. Despite a dynamic operating environment, GIG remained firmly committed to long-term value creation, sustainable growth and innovation.”The Group’s financial strength was further reinforced by major credit rating agencies:Moody’s affirmed GIG’s Insurance Financial Strength Rating at A2 (Stable Outlook), recognizing the Group’s leading position in the MENA region, improved business profile, robust earnings and strong governance.S&P Global Ratings upgraded GIG’s Financial Strength Rating to ‘A+’ (Stable Outlook) – a landmark upgrade reflecting GIG’s strategic importance to Fairfax Financial Holdings and its sustained competitive standing across the MENA region.AM Best affirmed GIG’s Long-Term Issuer Credit Rating at ‘a+’ (Excellent) and affirmed its Financial Strength Rating at A (Excellent) with a Stable Outlook, reflecting the Group’s very strong balance sheet, robust operating performance and appropriate enterprise risk management.GIG continues to prioritize strong governance, digital transformation and sustainability as core pillars of its long-term strategy. The Group remains committed to its sustainability fram...

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