Gulf Insurance Group: H1 2024 results

Gulf Insurance Group (GIG) closed the first six months of 2024 with insurance revenue of 449.152 million KWD (1.5 billion USD), up by 15% year-on-year.

Insurance service results amounted to 22.955 million KWD (74.6 million USD) against 27.435 million KWD (89 million USD) as at 30 June 2023, representing a 16.3% decline.

The Group's half-year net profit of 16.772 million KWD (54.5 million USD) dropped by 33.8% compared with the same period of 2023.