News & Event Details

The Board of Directors of Gulf Insurance Group – Jordan approved the company’s financial results for the period ending September 30, 2025, during its meeting held on October 27, 2025. The meeting was chaired by Eng. Nasser Lozi and attended by board members along with the company’s CEO, Dr. Ali Wazaney.

Eng. Lozi announced the company’s performance for the period, stating that gross written premiums reached JD 105.4 million — a 14% increase compared to JD 92.5 million for the same period in 2024. Net profit after tax reached JD 9.9 million, reflecting a 66% growth over the previous year.

Total assets stood at JD 156.1 million, with investments accounting for 73% of total assets — highlighting the company’s solid and consistent performance.

As of September 30, 2025, shareholders’ equity reached JD 24.9 million, with accumulated losses at just 8.8% — one of the best ratios achieved by the company. This performance was supported by excellent underwriting results and strong financial indicators.

Dr. Wazaney noted that the company’s investment portfolio reached JD 113.3 million, underscoring the strength of its investment strategy.

In further affirmation of the company’s strength and stability, global rating agency AM Best reaffirmed the company’s Long-Term Issuer Credit Rating at “A- (Excellent)” and Financial Strength Rating at “A- (Excellent)” on October 15, 2025, both with a Stable Outlook. This confirms GIG – Jordan’s leading position in the local market as the most widespread and highest-quality insurance provider in Jordan.