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

GINS Stock Overview

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.

About the company

GINS fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	0/6
Past Performance	2/6
Financial Health	5/6
Dividends	0/6

Rewards

Risk Analysis

No risks detected for GINS from our risk checks.

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

Kuwait Insurance CompanyK.P

KWSE:KINS

د.ك97.8m

Al-Ahleia Insurance CompanyK.P

KWSE:AINS

د.ك151.7m

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

KWSE:WINSRE

د.ك30.2m

Kuwait Reinsurance Company K.S.C.P

KWSE:KUWAITRE

د.ك120.5m

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.ك2.00
52 Week High	د.ك2.00
52 Week Low	د.ك1.70
Beta	0.094
1 Month Change	4.17%
3 Month Change	6.27%
1 Year Change	11.73%
3 Year Change	194.99%
5 Year Change	227.87%
Change since IPO	1,002.51%

Recent updates

Shareholder Returns

	GINS	KW Insurance	KW Market
7D	0%	-0.2%	-0.9%
1Y	11.7%	19.5%	-2.4%

Return vs Industry: GINS underperformed the KW Insurance industry which returned 19.5% over the past year.

Return vs Market: GINS exceeded the KW Market which returned -2.4% over the past year.

Price Volatility

Is GINS's price volatile compared to industry and market?
GINS volatility
GINS Average Weekly Movement	1.5%
Insurance Industry Average Movement	5.6%
Market Average Movement	4.6%
10% most volatile stocks in KW Market	10.0%
10% least volatile stocks in KW Market	2.1%

Stable Share Price: GINS has not had significant price volatility in the past 3 months.

Volatility Over Time: GINS's weekly volatility (2%) has been stable 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.ك567.50m
Earnings (TTM)	د.ك30.08m
Revenue (TTM)	د.ك775.63m

18.9x

P/E Ratio

0.7x

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.ك775.63m
Cost of Revenue	د.ك691.20m
Gross Profit	د.ك84.43m
Other Expenses	د.ك54.35m
Earnings	د.ك30.08m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	0.11
Gross Margin	10.89%
Net Profit Margin	3.88%
Debt/Equity Ratio	15.0%

How did GINS perform over the long term?

See historical performance and comparison

Dividends

1.9%

Current Dividend Yield

35%

Payout Ratio

Does GINS pay a reliable dividends?

See GINS dividend history and benchmarks

When do you need to buy GINS by to receive an upcoming dividend?
Gulf Insurance Group K.S.C.P dividend dates
Ex Dividend Date	May 22 2024
Dividend Pay Date	May 30 2024
Days until Ex dividend	28 days
Days until Dividend pay date	36 days

Does GINS pay a reliable dividends?

See GINS dividend history and benchmarks

GINS Stock Overview

Rewards

Risk Analysis

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

KWSE:KINS

د.ك97.8m

KWSE:AINS

د.ك151.7m

KWSE:WINSRE

د.ك30.2m

KWSE:KUWAITRE

د.ك120.5m

Price History & Performance

Recent News & Updates

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

Recent updates

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