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2 Disclaimer This presentation is not an offer or invitation to subscribe for or purchase any securities. No warranty is given as to the accuracy or completeness of the information in this presentation. You must make your own independent investigation and appraisal of the business and financial condition of GIG companies. Nothing in this presentation shall form the basis of any contract or commitment whatsoever. This presentation is furnished to you solely for your information. You may not reproduce it or redistribute to any other person. This presentation contains forward-looking statements. These statements may be identified by such words as, "plans", "expects", "believes, budget, estimate and similar expressions, or by their context. These statements are made on the basis of current knowledge and assumptions. Various factors could cause future results, performance or events to differ materially from those described in these statements. No obligation is assumed to update any forward-looking statements By participating in this presentation or by accepting any copy of the slides presented, you agree to be bound by the forgoing limitations. Page 2

3 Index Key achievements Page 3

4 GIG 2017 Gross Written premiums (Conventional and Takaful Business) Conventional KD 304.8mn Takaful KD 19.6mn Total Premiums KD 324.4mn US$ 1.0 bn US$ 0.1 bn US$ 1.1 bn KD mn split by Country and insurance type Kuwait Bahrain Jordan Turkey Egypt Algeria Others (*) Conventional Takaful Total % 54.5% 14.8% 12.6% 8.2% 6.6% 3.2% 0.1% Note: Others includs Iraq, Syria and Lebanon Page 4

5 GIG 2017 performance KD mn Growth * *The amounts above represent the conventional premiums % Net Profit % Achieve notable growth in due to Kuwait Retirees policy Afya, while net profit impacted with the reduction in some our subsidiaries profits. Page 5

6 2017 Group Key Achievements Improve our ranking & market positioning in MENA region in terms of, being among top 10 Arab insurers out of 379 insurance companies. Maintaining our leadership position in Kuwait, Bahrain, Jordan in terms of and Egypt in terms U/W results and designated investment income. Upgrade S&P rating to A- / stable outlook, in addition to maintaining AM best rating with A (excellent) / stable outlook and A3 / stable outlook from Moody s. Successfully acquired 100% of AIG Turkey and merged it with our previous existing company gig - Turkey with maintaining of gig brand. Acquired majority stake in Takaful International Company in Bahrain through our subsidiary gig Bahrain and treated as subsidiary. Successfully unified gig brand across the core operating subsidiaries, in addition to winning the best insurance brand in MENA Region 2017 from global brands magazine and won insurance brand of the year, Kuwait 2017 from world branding awards. Strengthen corporate governance across the group, won the best corporate governance, Kuwait 2017 from world finance as well as the Capital Market Authority in Kuwait considered GIG among top 10 companies in providing their corporate governance reports. Strengthen & raise the share capital of gig - Iraq (Dar Al Salam Insurance Co.) and increase our ownership position, participate in capital raise of gig- Egypt Life Takaful (Egyptian Life Takaful Co.). Strengthen group technical reserves to protect the policyholders rights. Successfully finalized MDP 4 training program for Kuwaiti graduates and they successfully joined in various departments of the Group and gig - Kuwait (Gulf insurance and reinsurance company). gig Won Business Excellence in Finance Category. In the 9 th cycle of The Mohammed Bin Rashid Al Maktoum Business awards 2017 Page 6

7 2017 Key Achievements of Our Core Subsidiaries Gulf Insurance and Reinsurance Company gig- Kuwait KD mn Growth #1 in GIG Contribute 57% from 2017 Consolidated % The notable increase in premiums is reckoned to Kuwait retirees policy Afya Launched Thokhour an Individual Life product and it generated premiums of KD 162k. Uniquely recognized as CII online testing center. the only insurance company in the region to be certified as an online test center. Successfully implemented a Customer Relationship Management (CRM) to provide the company users with a 360D view of the customer with CTI functionality. Signed a contract with Equate Petrochemicals in Kuwait to provide medical insurance to Equate employees and their families for a total of 5000 members Continued to serve the Kuwait Retirees underafya medical Insurance policy. Launched the campaign Mafeek ila Al Afya, which officially marked the inception of the new brand. The campaign won the first place in the 5th Arab Media Forum for the category of integrated marketing campaigns Page 7

8 2017 Key Achievements of Our Core Subsidiaries Arab Orient Insurance Company gig- Jordan KD mn Growth #2 in GIG Contribute 13% from 2017 Consolidated % Maintain their leadership position in Jordanian market in terms of written premium exceeding JD 95 million with 17% market share. Strengthen their relationship with Arab Orient Customers. Maintain unique, qualified and professional staff witnessed the lowest turnover for employees. Launched new product (Extended Warranty) during this year, with written premium exceeding JD 286K. Page 8

9 2017 Key Achievements of Our Core Subsidiaries Bahrain Kuwait Insurance Company gig- Bahrain KD mn Growth #3 in GIG Contribute 12% from 2017 Consolidated % Maintained their leadership position in the Bahraini insurance market since 2008 and up till 2017 in terms of gross premium and net profits. Successfully acquired 67.28% of Takaful International (TIC) and became a subsidiary for Bahrain Kuwait Insurance Company. Maintain the rating of A- (Excellent) with stable outlook from AM Best. The company was the first insurance company in Bahrain to have been interactively rated by an independent international rating agency. Page 9

10 2017 Key Achievements of Our Core Subsidiaries Gulf Sigorta gig- Turkey KD mn Growth #4 in GIG Contribute 9% from 2017 Consolidated % GIG Turkey has merged with AIG Sigorta in Turkey and it has moved its headquarters and data center to better location. Achieve higher growth in. Update & develop the HR policies, procedures and communicate the policy to all employees. Retained all key accounts & key clients. New RI treaty has been secured in a way that covers all existing risks and a prospect new business. Page 10

11 2017 Key Achievements of Our Core Subsidiaries Arab Misr Insurance Group gig- Egypt KD mn Growth #5 in GIG Contribute 5% from 2017 Consolidated % Maintained the leadership position in the Egyptian insurance market in terms of the underwriting profitability. The only Egyptian insurance company rated by two independent and global accredited rating agencies, in addition to maintain the rating from AM Best and upgrade the rating from Moody s results in KD Impacted by EGP devaluation while the company achieved growth in EGP by 47% Page 11

12 Index Future Outlook Page 12

13 2018 Future outlook Clear Defined Strategy Strengthen & maintain the rating positioning Strengthen Corporate governance Maintain robust financial position and profitable growth Provide innovative products and improve the services Continuation of expansion plan Page 13

14 2018 Key Financial Targets The expected growth rates of 2018* Underwriting Income Net Profit 10% and above *These targets may be impacted with the non-recurring conditions of financial markets, the political situations and government policies in the countries we are operating in. Page 14

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