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International

Gulf Insurance triples net profit

March 07, 2022 Reprints

Kuwait-based Gulf Insurance Group KSCP’s net profit more than tripled to around 50 million Kuwaiti dinar ($165.4 million) in 2021, driven by improved underwriting and investment performance and profits from Axa SA’s Gulf insurance operations which GIC acquired in 2020, Middle East Insurance Review reported. GIG’s gross written premiums increased 23% to KWD548.5 million.

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Gulf Insurance triples net profit

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