Gulf Insurance Group KSC (KUW:GINS) Tax Rate % : 21.40% (As of Sep. 2024)

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What is Gulf Insurance Group KSC Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Gulf Insurance Group KSC's Tax Expense for the three months ended in Sep. 2024 was KWD2 Mil. Gulf Insurance Group KSC's Pre-Tax Income for the three months ended in Sep. 2024 was KWD8 Mil. Therefore, Gulf Insurance Group KSC's Tax Rate % for the quarter that ended in Sep. 2024 was 21.40%.

Gulf Insurance Group KSC Tax Rate % Historical Data

The historical data trend for Gulf Insurance Group KSC's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Gulf Insurance Group KSC Tax Rate % Chart

Gulf Insurance Group KSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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20.50

17.17

8.29

15.96

19.36

Gulf Insurance Group KSC Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Tax Rate %	Get a 7-Day Free Trial															-89.99	18.45	14.42	27.52	21.40

Gulf Insurance Group KSC Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Gulf Insurance Group KSC's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	9.266	/	47.852
	=	19.36 %

Gulf Insurance Group KSC's Tax Rate % for the quarter that ended in Sep. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Sep. 2024 )	/	Pre-Tax Income (Q: Sep. 2024 )
	=	1.796	/	8.393
	=	21.40 %

Gulf Insurance Group KSC Tax Rate % Related Terms

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Gulf Insurance Group KSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Gulf Insurance Group KSC (KUW:GINS) » Definitions » Tax Rate %

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Address

Khaled Ibn Al Waleed Street, Sharq, P.O.Box 1040, Safat, KIPCO Tower, 40th Floor, Office No. 1 and 2, Kuwait City, KWT, 13011

Website

https://www.gig.com.kw

Gulf Insurance Group KSC is an insurance company offering solutions and covering a range of risks related to Motor, Marine & Aviation, Property & Casualty, and Life & Health Insurance both in conventional and Takaful (Islamic insurance based on Shariah principles) basis. Gulf Insurance operates its business in two segments namely General risk insurance and Life and medical insurance offering general insurance including marine and aviation, motor vehicles, property, engineering and general accidents; and savings, protection products, and other long-term contracts respectively.

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