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Gulf Insurance Group (GIG) has recorded an insurance revenue of 177.8 million KWD (576.7 million USD) for the first quarter of 2025, down 16.4% compared with the 212.7 million KWD (689.8 million USD) achieved a year earlier.
The Kuwaiti group's net profit declined by 39.5% year-on-year to 6.6 million KWD (21.3 million USD).
Net investment income amounted to 12.1 million KWD (39.3 million USD) against 19.6 million KWD (63.5 million USD) for the same period in 2024, marking a decrease of 38.2%.
GIG's assets and shareholders' equity for the first three months of the current financial year stood at 1.24 billion KWD (4 billion USD) and 248.7 million KWD (806.5 million USD) respectively.
Read also | Gulf Insurance Group (GIG): 2024 results
