Gulf Insurance Group K.S.C.P (KWSE:GINS) - Stock Price, News & Analysis

GINS Stock Overview

Provides insurance products and services to individuals and businesses in Kuwait, GCC countries, and other Middle East countries. More details

GINS fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	1/6
Financial Health	4/6
Dividends	3/6

Rewards

Price-To-Earnings ratio (10.9x) is below the KW market (14.6x)

Risk Analysis

High level of non-cash earnings

Highly volatile share price over the past 3 months compared to the KW market

Dividend of 3.15% is not well covered by free cash flows

Gulf Insurance Group K.S.C.P. Competitors

Al-Ahleia Insurance CompanyK.P

KWSE:AINS

د.ك160.1m

Kuwait Insurance CompanyK.P

KWSE:KINS

د.ك101.6m

Warba Insurance and Reinsurance Company (K.S.C.P.)

KWSE:WINSRE

د.ك38.9m

Wethaq Takaful Insurance Company K.S.C.P

KWSE:WETHAQ

د.ك4.5m

Price History & Performance

Summary of all time highs, changes and price drops for Gulf Insurance Group K.S.C.P
Historical stock prices
Current Share Price	د.ك1.18
52 Week High	د.ك2.00
52 Week Low	د.ك1.03
Beta	0.18
11 Month Change	-4.78%
3 Month Change	-14.86%
1 Year Change	-35.44%
33 Year Change	11.69%
5 Year Change	91.06%
Change since IPO	547.72%

Recent updates

Shareholder Returns

	GINS	KW Insurance	KW Market
7D	0.8%	-0.6%	0.9%
1Y	-35.4%	-11.7%	10.8%

Return vs Industry: GINS underperformed the KW Insurance industry which returned -11% over the past year.

Return vs Market: GINS underperformed the KW Market which returned 11% over the past year.

Price Volatility

Is GINS's price volatile compared to industry and market?
GINS volatility
GINS Average Weekly Movement	15.6%
Insurance Industry Average Movement	6.7%
Market Average Movement	4.6%
10% most volatile stocks in KW Market	13.0%
10% least volatile stocks in KW Market	2.0%

Stable Share Price: GINS's share price has been volatile over the past 3 months compared to the KW market.

Volatility Over Time: GINS's weekly volatility has increased from 10% to 16% over the past year.

About the Company

Founded	Employees	CEO	Website
1962	3,984	Khaled Saoud Abdul Al Hasan	www.gulfinsgroup.com

Gulf Insurance Group K.S.C.P., together with its subsidiaries, provides insurance products and services to individuals and businesses in Kuwait, GCC countries, and other Middle East countries. The company operates in General Risk Insurance, and Life and Medical Insurance segments. The General Risk Insurance segment provides general insurance products comprising marine and aviation, motor vehicles, property, and engineering and general accidents insurance products.

Gulf Insurance Group K.S.C.P. Fundamentals Summary

How do Gulf Insurance Group K.S.C.P's earnings and revenue compare to its market cap?
GINS fundamental statistics
Market cap	د.ك334.37m
Earnings (TTM)	د.ك30.80m
Revenue (TTM)	د.ك825.27m

10.9x

P/E Ratio

0.4x

P/S Ratio

Is GINS overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
GINS income statement (TTM)
Revenue	د.ك825.27m
Cost of Revenue	د.ك666.23m
Gross Profit	د.ك159.03m
Other Expenses	د.ك128.24m
Earnings	د.ك30.80m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.11
Gross Margin	19.27%
Net Profit Margin	3.73%
Debt/Equity Ratio	13.5%

How did GINS perform over the long term?

See historical performance and comparison

Dividends

3.1%

Current Dividend Yield

34%

Payout Ratio

GINS Stock Overview

Rewards

Risk Analysis

Gulf Insurance Group K.S.C.P. Competitors

KWSE:AINS

د.ك160.1m

KWSE:KINS

د.ك101.6m

KWSE:WINSRE

د.ك38.9m

KWSE:WETHAQ

د.ك4.5m

Price History & Performance

Recent News & Updates

Third quarter 2024 earnings released: EPS: د.ك0.019 (vs د.ك0.014 loss in 3Q 2023)

Gulf Insurance Group K.S.C.P. to Report Q3, 2024 Results on Nov 13, 2024

New minor risk - Dividend sustainability

Investor sentiment improves as stock rises 19%

Investor sentiment deteriorates as stock falls 19%

Second quarter 2024 earnings released: EPS: د.ك0.02 (vs د.ك0.049 in 2Q 2023)

Recent updates

Third quarter 2024 earnings released: EPS: د.ك0.019 (vs د.ك0.014 loss in 3Q 2023)

Gulf Insurance Group K.S.C.P. to Report Q3, 2024 Results on Nov 13, 2024

New minor risk - Dividend sustainability

Investor sentiment improves as stock rises 19%

Investor sentiment deteriorates as stock falls 19%

Second quarter 2024 earnings released: EPS: د.ك0.02 (vs د.ك0.049 in 2Q 2023)

New minor risk - Share price stability

Investor sentiment deteriorates as stock falls 22%

First quarter 2024 earnings released: EPS: د.ك0.039 (vs د.ك0.033 in 1Q 2023)

Upcoming dividend of د.ك0.037 per share

Gulf Insurance Group K.S.C.P. (KWSE:GINS) acquired 2.71% stake in AIG Egypt Insurance Company S.A.E. for EGP 5.3 million.

Full year 2023 earnings released: EPS: د.ك0.075 (vs د.ك0.14 in FY 2022)

Cigalah Trading Establishments entered into a binding share sale and purchase agreement to acquire a 28.50% stake in Buruj Cooperative Insurance Company (SASE:8270) from Gulf Insurance Group K.S.C.P. (KWSE:GINS) for approximately SAR 120 million.

Fairfax Financial Holdings Limited (TSX:FFH) completed the acquisition of a 46.32% stake in Gulf Insurance Group K.S.C.P. (KWSE:GINS) from Kuwait Projects Company Holding K.S.C.P. (KWSE:KPROJ) for approximately KWD 270 million.

Third quarter 2023 earnings released: د.ك0.014 loss per share (vs د.ك0.029 profit in 3Q 2022)

New minor risk - Profit margin trend

New major risk - Earnings quality

Second quarter 2023 earnings released: EPS: د.ك0.056 (vs د.ك0.018 in 2Q 2022)

Upcoming dividend of د.ك0.054 per share at 3.0% yield

First quarter 2023 earnings released: EPS: د.ك0.033 (vs د.ك0.035 in 1Q 2022)

Investor sentiment improves as stock rises 22%

Full year 2022 earnings released: EPS: د.ك0.14 (vs د.ك0.22 in FY 2021)

Investor sentiment improves as stock rises 41%

Third quarter 2022 earnings released: EPS: د.ك0.029 (vs د.ك0.16 in 3Q 2021)

Less than half of directors are independent

Second quarter 2022 earnings released: EPS: د.ك0.018 (vs د.ك0.031 in 2Q 2021)

Gulf Insurance Group K.S.C.P. to Report Q2, 2022 Results on Aug 11, 2022

First quarter 2022 earnings released: EPS: د.ك0.35 (vs د.ك0.027 in 1Q 2021)

Upcoming dividend of د.ك0.035 per share

Less than half of directors are independent

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Inaugural dividend of د.ك0.071 per share

Third quarter 2021 earnings released: EPS د.ك0.16 (vs د.ك0.016 in 3Q 2020)

Gulf Insurance Group K.S.C.P. (KWSE:GINS) acquired 28.1% stake in AXA Green Crescent Insurance Company PJSC (ADX:AXAGCIC) from AXA Mediterranean Holding, S.A.

Director Bijan Khosrowshahi has joined 5th company board

Gulf Insurance Group K.S.C.P. (KWSE:GINS) completed the acquisition of Insurance operations in the Gulf region from AXA SA (ENXTPA:CS) and Yusuf Bin Ahmed Kanoo. W.L.L.

Second quarter 2021 earnings released: EPS د.ك0.031 (vs د.ك0.036 in 2Q 2020)

First quarter 2021 earnings released: EPS د.ك0.027 (vs د.ك0.016 in 1Q 2020)

Full year 2020 earnings released: EPS د.ك0.085 (vs د.ك0.074 in FY 2019)

New 90-day high: د.ك0.76

Third quarter 2020 earnings released: EPS د.ك0.017

New 90-day high: د.ك0.62

New 90-day low - د.ك0.55

Gulf Insurance Group K.S.C.P. to Report Q2, 2020 Results on Aug 12, 2020

First half earnings released