AM Best affirms GIG and GIG-Kuwait’s ratings

AM Best has affirmed the “A” (Excellent) Financial Strength Rating and “a+” (Excellent) Long-Term Issuer Credit Rating of Gulf Insurance Group (GIG) and its subsidiary, Gulf Insurance and Reinsurance Company (GIG-Kuwait), with a stable outlook.

The ratings reflect GIG’s robust balance sheet, solid operating performance, neutral business profile and sound enterprise risk management. They also take into account the group’s strategic importance to its parent company, Fairfax Financial Holdings.

GIG reported a net profit of 31.5 million KWD (102.6 million USD) for fiscal year 2025, generating a return on equity (ROE) of 9.4%.