jordan pulse -

Gulf Insurance Group – Jordan announced a net profit of JD 6.83 million for the first half of 2025, marking a 60.9% increase compared to JD 4.25 million for the same period in 2024.

The company’s Board of Directors, chaired by Eng. Nasser Lozi, approved the financial results during a meeting held on 29 July 2025, with board members and CEO Dr. Ali Al-Wazani in attendance.

Eng. Lozi expressed the board’s satisfaction with the company’s performance, highlighting that insurance contract revenues reached JD 68.78 million, a 12.5% growth from JD 61.13 million in H1 2024. Total assets stood at JD 150.35 million, with investments accounting for 73% of the total.

“These results reflect the continuation of the company’s strong performance,” Lozi noted.

CEO Dr. Ali Al-Wazani stated that financial indicators exceeded expectations during this period. The company recorded a 12-month return on equity of 22.8% as of 30 June 2025, and a combined loss ratio of 84%—one of the best in the company’s history.

Al-Wazani attributed the solid profit to strong underwriting results and exceptional performance from the company’s investment portfolio, which reached JD 109 million.