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Gulf Insurance’s premiums rise 52%

Posted On: Mar. 31, 2023 9:52 AM CST

Financial results

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.