The financial statements of Gulf Insurance Group showed that the company's profits in the first nine months of this year increased by 22.3% on an annual basis.
According to the company's results for the Kuwaiti Stock Exchange, today, Tuesday, the profits for the period amounted to 13.09 million dinars, compared to 10.71 million dinars for the first nine months of 2019. >
The company said in a statement to the Stock Exchange that the increase in profits during the comparison periods is due to the increase in the premiums written and the increase in the net underwriting profit, in addition to an increase in the net profit of investments.
The total operating income of the company in the first nine months of this year increased to 157.34 million dinars, compared with 151.05 million dinars for the same period in 2019, with a growth of 4.2% .
The net profit of the company increased 25.2% during the third quarter of this year, to reach 3.25 million dinars, compared to 2.6 million dinars profits for the same period last year. / p>
