News & Event Details

Amman, Jordan – February 19, 2026 – The Board of Directors of Gulf Insurance Group – Jordan convened its meeting on February 18, 2026, chaired by Eng. Nasser Al-Lozi, to approve the company’s financial statements for the fiscal year ending December 31, 2025. The meeting was attended by members of the Board as well as the company’s Chief Executive Officer, Dr. Ali Wazaney.

Eng. Nasser Al-Lozi, Chairman of the Board, expressed the Board’s satisfaction with the company’s performance during 2025, noting the positive growth achieved across key financial indicators. The company reported a net profit after tax of JOD 11.98 million, representing a 19% increase compared to JOD 10.1 million recorded in the previous year. Total assets reached JOD 164.45 million, with investments comprising 73.5% of total assets.

Dr. Ali Wazaney, Chief Executive Officer, highlighted the company’s continued success, stating that GIG – Jordan achieved a 15% year-over-year growth in insurance contract revenues, exceeding JOD 143 million. The company also maintained a 20% return on equity and a combined loss ratio of less than 90%.

These accomplishments further strengthened the company’s position in the market. In 2025, the global credit rating agency AM Best reaffirmed the company’s ratings, maintaining the Financial Strength Rating at A- (Excellent) and the Long-Term Issuer Credit Rating at a- (Excellent).

In addition, the Board of Directors resolved to convene the company’s Ordinary General Assembly meeting on April 28, 2026, to approve the financial statements, the auditor’s report, and the Board of Directors’ report for the year ending December 31, 2025. During the same session, the Board recommended that the General Assembly approve a cash dividend distribution of 20% of the company’s capital of JOD 26 million, subject to obtaining all necessary regulatory approvals.