Moody’s affirms Group’s Insurance Financial Strength Rating at ‘A2’ with Stable Outlook.
Moody’s Investors Service has affirmed the Group’s Insurance Financial Strength Rating (IFSR) at ‘A2’ with Stable Outlook. The rating affirmation reflects the Group’s leading position in Kuwait, and its diversification through presence in the GCC and MENA markets. The ratings reflect GIG’s consistently good operating profitability, driven by sound underwriting results, and steady investment income, and strong balance sheet fundamentals that remain resilient to stress, supported by its technical expertise and risk management capabilities.