Gulf Insurance Group (GIG) is navigating one of the most challenging periods the Middle East has faced in the recent era, according to a company board member Dr Yousef Hamad Al-Ebraheem.
Chairing the Group’s ordinary general meetings earlier this week, he also said, “The recent escalation of conflict activities across the Middle East has introduced a new layer of risk and uncertainty that we take with the utmost seriousness.”
“GIG has activated all available measures to mitigate these risks, protecting the safety and well-being of our staff in every market we operate, ensuring uninterrupted service to our customers who depend on us most in difficult times and taking every step necessary to safeguard the equity and assets entrusted to us by our shareholders.”
He added, “Our business continuity frameworks are fully operational and under continuous senior management oversight.”
Iranian drone strikes have hit Kuwait in the ongoing armed hostilities.
Dividends
GIG shareholders approved the board of directors’ recommendation not to distribute cash dividends for the financial year ended 31 December 2025. The Group is prioritising reinvestment in its long-term strategic growth agenda.
In contrast, GIG had paid dividends consistently for previous financial years. For example, the company paid a cash dividend of 23 Kuwaiti fils per share for the financial year ended 31 December 2024, totalling approximately KWD6.5m.
Commenting on GIG’s financial results for 2025, Dr Al-Ebraheem said, “In a year defined by continued geopolitical complexity, elevated interest rates and shifting macroeconomic conditions across our markets, GIG delivered a resilient performance, closing 2025 with a net profit to the group of KWD24.7m ($80.3m), total assets reached KWD1.3bn, and parent shareholders’ equity reached KWD264.2m.”
“As one of the largest and most diversified insurance groups in the MENA region, GIG’s performance was underpinned by a strong insurance performance, disciplined risk management, prudent capital allocation and a diversified multi-line, multi-geography business model. Despite a dynamic operating environment, GIG remained firmly committed to long-term value creation, sustainable growth and innovation.”