Gulf Insurance’s premiums rise 52%
Posted On: Mar. 31, 2023 9:52 AM CST![Financial results](https://bicontent.businessinsurance.com/9ec97900-22b6-44e5-95a4-38dc73b0fb6c.jpg)
Kuwait-based Gulf Insurance Group KSCP’s gross written premiums increased by 52% year-on-year to 831.7 million Kuwaiti dinar ($2.7 billion) in 2022, Zawya reported citing TradeArabia. The insurer reported a net profit of KWD38.2 million for the year, down 47% from the ‘restated’ net profit of KWD72.6 million posted in 2021.