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Gulf General Cooperative Insurance Company JSC (Saudi Arabia)

Main Activities: Direct Health and Medical Insurance Carriers | Direct Insurance (except Life, Health, and Medical) Carriers
Full name: Gulf General Cooperative Insurance Company JSC Profile Updated: March 13, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2022 Available in: English Download a sample report

Gulf General Insurance Co (GGI) is a result of the merger between of Saudi General Insurance Company (SGI) and Gulf Cooperation Insurance Co (GCI) in 2009. The company provides various services including health care insurance. aviation insurance, motor insurance, marine cargo insurance, life insurance, personal accident insurance, etc. They company is headquartered in Riyadh but it also has offices in Damman and Jeddah.

Headquarters
Al Gheithy Plaza From Madina Road, Behind Elnour Commercial Center, 2Nd Floor, Amir Elshoara St, Near Adham Commercial Center, Po Box 1866
Jeddah; Mecca Region; Postal Code: 21441

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Website: http://www.ggi-sa.com

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
2010
Key Executives
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Chairperson
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Vice Chairperson
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
Ownership Details
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6%
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6%
Company Performance
Financial values in the chart are available after Gulf General Cooperative Insurance Company JSC report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency SAR. Absolute financial data is included in the purchased report.
Net insurance premium revenue
30.47%
Operating profit (EBIT)
N/A
Net Profit (Loss) for the Period
97.33%
Total assets
-28.06%
Investments
-29.62%
Total equity
-7.33%
Net Premiums Earned Trend
26%
Net Profit Trend
-88.43%
Return on Equity (ROE)
16.32%
Loss Ratio
51.02%
Underwriting Expenses Ratio
13.78%

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