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May 14, 2019

Gulf Insurance Group announces net profit of KD 3.7 million (US$ 12.3 million) for the first quarter of 2019

Kuwait City, 14th May 2019: Gulf Insurance Group (gig) announced a net profit of KD 3.7 million (US$ 12.3 million), or 20.90 fils per share, for the financial period ended March 31, 2019 compared to KD 3.3 million (US$ 11 million) for the same period last year. This rise of KD 0.4 million (US$ 1.3 million) or 12.2 percent, is due to the increase in the group’s net underwriting results and increase of the share of results from its subsidiaries.