Kuwait-Mubasher: Gulf Insurance Group reported net earnings of KWD 14.09 million ($46.9 million) for the fiscal year ended 31 December 2015, a rise of 17% compared with KWD 12 million ($39.9 million) a year earlier.
Assets increased to KWD 368.4 million ($1.23 billion) as on 31 December 2015, rising 6.1% or KWD 21.2 million ($70.5 million).
The board recommended cash dividends for 2015 at 40 fils a share, which is pending the approval of shareholders and supervisory authorities.
Chairman Farqad Al-Sane said the results reflect the growth achieved by the group, which reflects its ability to protect assets and shareholders' equity.
