Gulf Insurance Group

Saudi Stock Exchange 8250.SR

Gulf Insurance Group Gross Profit for the year ending December 31, 2023: USD 489.63 M

Gulf Insurance Group Gross Profit is USD 489.63 M for the year ending December 31, 2023, a 27.78% change year over year. Gross profit is the difference between revenue and the cost of revenue, representing the profit earned from core business operations.

Gulf Insurance Group Gross Profit for the year ending December 31, 2022 was USD 383.18 M, a 5.91% change year over year.
Gulf Insurance Group Gross Profit for the year ending December 31, 2021 was USD 361.80 M, a 1.67% change year over year.
Gulf Insurance Group Gross Profit for the year ending December 31, 2020 was USD 355.85 M, a 1.51% change year over year.
Gulf Insurance Group Gross Profit for the year ending December 31, 2019 was USD 350.57 M, a 3.38% change year over year.

Key data

Date	Gross Profit	Operating Income	EBIT	EBITDA

Saudi Stock Exchange: 8250.SR

Gulf Insurance Group

CEO	Mr. Khaled Saoud Abdul Aziz Al Hasan
IPO Date	March 4, 2010
Location	Kuwait
Headquarters	KIPCO Tower
Employees	700
Sector	Finance
Industries Insurance Health Insurance & Plans

Description

Gulf Insurance Group provides various insurance and reinsurance products for individuals, SMEs, and businesses in Saudi Arabia. The company offers car, travel, home, personal accident, and SME medical insurance; and business insurance, including motor fleet, healthcare, business travel, marine, life, and group personal accident insurance. It also provides money, business all risk, general third-party liability, product liability, workmen's compensation/employer's liability, contractors all risk, erection all risk, machinery and electronic equipment failure, death, and disability insurance. The company was formerly known as AXA Cooperative Insurance Company and changed its name to Gulf Insurance Group in June 2022. Gulf Insurance Group was founded in 2008 and is headquartered in Kuwait City, Kuwait.

Key trends

Past 5 years