GULF INSURANCE GROUP

Gulf Insurance Group K.S.C.

GINSStocksBoursa KuwaitInsurance

Financials

1-5

	CurrentMar 10, 2026	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022
Market & Price
Market Capitalization	211.15M	236.20M	321.57M	533.45M	288.01M
Market Cap Growth	-27.9%	-26.5%	-39.7%	+85.2%	-5.1%
Enterprise Value	215.89M	207.14M	306.20M	467.21M	190.07M
Last Close Price	0.74	0.83	1.10	1.80	0.94
Valuation Multiples
PE Ratio	9.78	10.95	14.11	30.02	8.63
PS Ratio	0.30	0.34	0.39	0.70	0.44
PB Ratio	0.52	0.58	0.85	1.43	0.79
P/TBV Ratio	0.83	0.93	1.41	2.46	1.38
P/FCF Ratio	17.18	19.22	24.94	15.95	20.83
P/OCF Ratio	14.34	16.04	20.96	15.20	18.56
EV/Sales Ratio	0.31	0.30	0.37	0.61	0.29
EV/EBITDA Ratio	4.17	4.12	5.64	9.19	3.39
EV/EBIT Ratio	4.99	4.79	6.47	10.62	3.88
EV/FCF Ratio	17.57	16.85	23.75	13.97	13.75
Leverage & Capital
Debt / Equity Ratio	0.18	0.18	0.15	0.16	0.17
Debt / EBITDA Ratio	1.42	1.42	1.00	1.17	1.11
Debt / FCF Ratio	6.00	6.00	4.35	1.83	4.52
Net Debt / Equity Ratio	-0.19	-0.19	-0.28	-0.25	-0.45
Net Debt / EBITDA Ratio	-1.56	-1.56	-1.93	-1.87	-2.95
Net Debt / FCF Ratio	-6.40	-6.40	-8.13	-2.85	-11.95
Efficiency & Liquidity
Asset Turnover	0.55	0.55	0.69	0.66	0.53
Quick Ratio	0.62	0.62	0.56	0.56	6.32
Current Ratio	1.06	1.06	1.04	1.12	10.83
Returns & Yields
Return on Equity (ROE)	+8.0%	+8.0%	+8.4%	+8.0%	+10.3%
Return on Assets (ROA)	+2.1%	+2.1%	+2.5%	+2.4%	+2.4%
Return on Invested Capital (ROIC)	+6.7%	+6.8%	+8.7%	+8.0%	+10.0%
Earnings Yield	+10.2%	+10.5%	+8.1%	+4.0%	+11.6%
FCF Yield	+5.8%	+5.2%	+4.0%	+6.3%	+4.8%
Dividend Yield	+3.1%	—	+2.1%	+2.1%	+5.7%
Payout Ratio	+36.9%	+36.9%	+50.6%	+84.1%	+35.5%
Buyback Yield / Dilution	-0.1%	-0.1%	-0.2%	—	-26.4%
Total Shareholder Return	+3.0%	-0.1%	+1.9%	+2.1%	-20.6%

1-5

	CurrentMar 10, 2026	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022
Market & Price
Market Capitalization	211.15M	236.20M	321.57M	533.45M	288.01M
Market Cap Growth	-27.9%	-26.5%	-39.7%	+85.2%	-5.1%
Enterprise Value	215.89M	207.14M	306.20M	467.21M	190.07M
Last Close Price	0.74	0.83	1.10	1.80	0.94
Valuation Multiples
PE Ratio	9.78	10.95	14.11	30.02	8.63
PS Ratio	0.30	0.34	0.39	0.70	0.44
PB Ratio	0.52	0.58	0.85	1.43	0.79
P/TBV Ratio	0.83	0.93	1.41	2.46	1.38
P/FCF Ratio	17.18	19.22	24.94	15.95	20.83
P/OCF Ratio	14.34	16.04	20.96	15.20	18.56
EV/Sales Ratio	0.31	0.30	0.37	0.61	0.29
EV/EBITDA Ratio	4.17	4.12	5.64	9.19	3.39
EV/EBIT Ratio	4.99	4.79	6.47	10.62	3.88
EV/FCF Ratio	17.57	16.85	23.75	13.97	13.75
Leverage & Capital
Debt / Equity Ratio	0.18	0.18	0.15	0.16	0.17
Debt / EBITDA Ratio	1.42	1.42	1.00	1.17	1.11
Debt / FCF Ratio	6.00	6.00	4.35	1.83	4.52
Net Debt / Equity Ratio	-0.19	-0.19	-0.28	-0.25	-0.45
Net Debt / EBITDA Ratio	-1.56	-1.56	-1.93	-1.87	-2.95
Net Debt / FCF Ratio	-6.40	-6.40	-8.13	-2.85	-11.95
Efficiency & Liquidity
Asset Turnover	0.55	0.55	0.69	0.66	0.53
Quick Ratio	0.62	0.62	0.56	0.56	6.32
Current Ratio	1.06	1.06	1.04	1.12	10.83
Returns & Yields
Return on Equity (ROE)	+8.0%	+8.0%	+8.4%	+8.0%	+10.3%
Return on Assets (ROA)	+2.1%	+2.1%	+2.5%	+2.4%	+2.4%
Return on Invested Capital (ROIC)	+6.7%	+6.8%	+8.7%	+8.0%	+10.0%
Earnings Yield	+10.2%	+10.5%	+8.1%	+4.0%	+11.6%
FCF Yield	+5.8%	+5.2%	+4.0%	+6.3%	+4.8%
Dividend Yield	+3.1%	—	+2.1%	+2.1%	+5.7%
Payout Ratio	+36.9%	+36.9%	+50.6%	+84.1%	+35.5%
Buyback Yield / Dilution	-0.1%	-0.1%	-0.2%	—	-26.4%
Total Shareholder Return	+3.0%	-0.1%	+1.9%	+2.1%	-20.6%