Gulf Insurance Group announces net profit of KD 8.1 million (US$ 26.7 million) with 23.2% growth for the first half of 2019

Gulf Insurance Group (gig) announced a net profit of KD 8.1 million (US$ 26.7 million), or 45.32 fils per share, for the first half of 2019 compared to a net profit of KD 6.6 Million (US$ 21.7 million) for the same period last year, an increase of KD 1.5 million (US$ 5 million) or 23.2 percent. This increase is due to the improvement in the Group’s underwriting and investment Performance results.