By : Business Editor
Jordan Daily – Gulf Insurance Group (GIG-Jordan) reported a net profit after tax of JOD 11.98 million for 2025, up 19% from JOD 10.1 million a year earlier, the company said on Saturday.
The board approved the financial statements for the year ended Dec. 31, 2025, at a meeting chaired by Nasser Al-Lozi.
Nasser Al-Lozi, Chairman of the Board, said the board is satisfied with the company’s performance in 2025, citing positive growth across key financial indicators.Net profit after tax rose 19% to JOD 11.98 million, compared with JOD 10.1 million in the previous year. Total assets reached JOD 164.45 million, with investments accounting for 73.5% of total assets.
Chief Executive Officer Dr. Ali Wazaney highlighted the company’s continued momentum, noting that insurance contract revenues rose 15% year-on-year to more than JOD 143 million. He added that the company maintained a return on equity of 20% and a combined ratio below 90%.
The insurer’s credit ratings were affirmed during the year by AM Best at “A-” (Excellent) for financial strength and “a-” (Excellent) for long-term issuer credit rating.
The board recommended distributing cash dividends of 20% of paid-in capital, which stands at JOD 26 million, subject to regulatory approvals. Shareholders will vote on the proposal at a general assembly meeting scheduled for April 28, 2026.
