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Gulf Insurance Group K.S.C.P KWSE:GINS Stock Report

Last Price


Market Cap







23 Jun, 2022


Company Financials
GINS fundamental analysis
Snowflake Score
Future Growth0/6
Past Performance4/6
Financial Health5/6

GINS Stock Overview

Gulf Insurance Group K.S.C.P., together with its subsidiaries, provides various insurance products and services for individuals and businesses.

Gulf Insurance Group K.S.C.P Competitors













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 Priceد.ك1.05
52 Week Highد.ك1.20
52 Week Lowد.ك0.81
1 Month Change3.86%
3 Month Change-1.96%
1 Year Change14.02%
3 Year Change67.84%
5 Year Change97.93%
Change since IPO478.26%

Recent News & Updates

Shareholder Returns

GINSKW InsuranceKW Market

Return vs Industry: GINS exceeded the KW Insurance industry which returned 9% over the past year.

Return vs Market: GINS exceeded the KW Market which returned 10.7% over the past year.

Price Volatility

Is GINS's price volatile compared to industry and market?
GINS volatility
GINS Average Weekly Movement4.0%
Insurance Industry Average Movement6.2%
Market Average Movement5.6%
10% most volatile stocks in KW Market8.8%
10% least volatile stocks in KW Market3.1%

Stable Share Price: GINS is less volatile than 75% of KW stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: GINS's weekly volatility (4%) has been stable over the past year.

About the Company

19623,831Khaled Saoud Abdul Al Hasan

Gulf Insurance Group K.S.C.P., together with its subsidiaries, provides various insurance products and services for individuals and businesses. The company operates in two segments, General Risk Insurance, and Life and Medical Insurance. The General Risk Insurance segment provides general insurance products comprising marine and aviation; motor vehicles; and property, 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 Capد.ك297.65m
Earnings (TTM)د.ك54.56m
Revenue (TTM)د.ك442.12m


P/E Ratio


P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GINS income statement (TTM)
Cost of Revenueد.ك294.60m
Gross Profitد.ك147.52m
Other Expensesد.ك92.96m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date


Earnings per share (EPS)0.19
Gross Margin33.37%
Net Profit Margin12.34%
Debt/Equity Ratio32.2%

How did GINS perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio
We’ve recently updated our valuation analysis.


Is GINS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score


Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for GINS?

Other financial metrics that can be useful for relative valuation.

GINS key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.6x
Enterprise Value/EBITDA3.4x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does GINS's PE Ratio compare to its peers?

GINS PE Ratio vs Peers
The above table shows the PE ratio for GINS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average8.3x

Price-To-Earnings vs Peers: GINS is good value based on its Price-To-Earnings Ratio (5.5x) compared to the peer average (8.3x).

Price to Earnings Ratio vs Industry

How does GINS's PE Ratio compare vs other companies in the Insurance Industry?

Price-To-Earnings vs Industry: GINS is good value based on its Price-To-Earnings Ratio (5.5x) compared to the KW Insurance industry average (8.3x)

Price to Earnings Ratio vs Fair Ratio

What is GINS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

GINS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate GINS's Price-To-Earnings Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of GINS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: GINS (KWD1.05) is trading above our estimate of fair value (KWD0.68)

Significantly Below Fair Value: GINS is trading above our estimate of fair value.

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate GINS's PEG Ratio to determine if it is good value.

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Future Growth

How is Gulf Insurance Group K.S.C.P forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score


Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


Forecasted Insurance industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Gulf Insurance Group K.S.C.P has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

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Past Performance

How has Gulf Insurance Group K.S.C.P performed over the past 5 years?

Past Performance Score


Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: GINS has a high level of non-cash earnings.

Growing Profit Margin: GINS's current net profit margins (12.3%) are higher than last year (8%).

Past Earnings Growth Analysis

Earnings Trend: GINS's earnings have grown significantly by 35.2% per year over the past 5 years.

Accelerating Growth: GINS's earnings growth over the past year (190.8%) exceeds its 5-year average (35.2% per year).

Earnings vs Industry: GINS earnings growth over the past year (190.8%) exceeded the Insurance industry 27.5%.

Return on Equity

High ROE: GINS's Return on Equity (18.6%) is considered low.

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Financial Health

How is Gulf Insurance Group K.S.C.P's financial position?

Financial Health Score


Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: GINS's short term assets (KWD679.9M) exceed its short term liabilities (KWD599.1M).

Long Term Liabilities: GINS's short term assets (KWD679.9M) exceed its long term liabilities (KWD431.6M).

Debt to Equity History and Analysis

Debt Level: GINS has more cash than its total debt.

Reducing Debt: GINS's debt to equity ratio has reduced from 33.5% to 32.2% over the past 5 years.

Debt Coverage: GINS's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: GINS's interest payments on its debt are well covered by EBIT (25.2x coverage).

Balance Sheet

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What is Gulf Insurance Group K.S.C.P current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: GINS's dividend (6.67%) is higher than the bottom 25% of dividend payers in the KW market (2.61%).

High Dividend: GINS's dividend (6.67%) is in the top 25% of dividend payers in the KW market (6.28%)

Stability and Growth of Payments

Stable Dividend: GINS's dividend payments have been volatile in the past 10 years.

Growing Dividend: GINS's dividend payments have increased over the past 10 years.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (46.7%), GINS's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: GINS is paying a dividend but the company has no free cash flows.

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How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Khaled Saoud Abdul Al Hasan (68 yo)



Mr. Khaled Saoud Abdul Aziz Al Hasan has been Managing Director and Chief Executive Officer of Gulf Insurance Group K.S.C.P. since February 2002. Mr. Al Hasan serves as an Executive Director at Gulf Insura...

Leadership Team

Experienced Management: GINS's management team is seasoned and experienced (5.4 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 41.6%.

Top Shareholders

Company Information

Gulf Insurance Group K.S.C.P.'s employee growth, exchange listings and data sources

Key Information

  • Name: Gulf Insurance Group K.S.C.P.
  • Ticker: GINS
  • Exchange: KWSE
  • Founded: 1962
  • Industry: Multi-line Insurance
  • Sector: Insurance
  • Implied Market Cap: د.ك297.655m
  • Shares outstanding: 283.75m
  • Website:

Number of Employees


  • Gulf Insurance Group K.S.C.P.
  • KIPCO Tower
  • Floor 40
  • Kuwait City
  • 13011
  • Kuwait


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/23 00:00
End of Day Share Price2022/06/23 00:00
Annual Earnings2021/12/31

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.