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Gulf Insurance Company (Private Joint Stock Company) (Iraq)

Main Activities: Direct Life, Health, and Medical Insurance Carriers | Direct Insurance (except Life, Health, and Medical) Carriers
Full name: Gulf Insurance Company (Private Joint Stock Company) Profile Updated: June 19, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2022 Available in: English Download a sample report

Gulf Insurance Company (Private Joint Stock Company) is located in Baghdad, Iraq. The company was granted licenses by the Iraqi Insurance Diwan and the Ministry of Finance in December 8, 2004, allowing them to practice both General Insurance and Life Insurance. They have been able to achieve good profits in their first year of business through insurance premiums and investments. 5% of the profits were shared with the shareholders. Gulf Insurance Company is supported by well-known reinsurance companies such as The Iraqi Reinsurance Company and SCOR Reinsurance Company. The company also owns shares in various other companies and banks, with a total value of 864,867,537 Iraqi Dinars. In 2014, the company earned a total of 290,924,650 Iraqi Dinars in premiums from different types of insurance. Additionally, they have financial reserves of 242,141,816 Iraqi Dinars for the same year.

Headquarters
Al-Harithiya - Kindi St. Building No. 106, In Front Of The Iraqi Trade Bank
Baghdad; Baghdād;

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Website: http://www.gulfinsco.com

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
2004
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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28.428%
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14.414%
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14.285%
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14.285%
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0.658%
Subsidiaries
Gulf Insurance Group-Jordan Plc (Jordan)
89.873%
Company Performance
Financial values in the chart are available after Gulf Insurance Company (Private Joint Stock Company) report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency IQD. Absolute financial data is included in the purchased report.
Net insurance premium revenue
-4.73%
Operating profit (EBIT)
126.2%
Net Profit (Loss) for the Period
126.2%
Total assets
-3.29%
Total equity
-1.16%
Net Premiums Earned Trend
N/A
Net Profit Trend
N/A
Return on Equity (ROE)
1.56%
Underwriting Expenses Ratio
24.76%

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