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 GIC Group of 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.

3

2013: Opportunities

2012: Year in Review

Agenda

2012: Financial Highlights

4

GIC celebrating 50 years of success. Rebranding of GIG across GIG group companies.

GIC celebrating 50 years of success. Rebranding of GIG across GIG group companies.

2012 at a glance

Moving from Origin to

Excellence

Moving from Origin to

Excellence

Maintain Leadership

Maintain Leadership

Achieve Remarkable &

distinct results

Achieve Remarkable &

distinct results

Highest Credit Rating

among Kuwait Insurers

Highest Credit Rating

among Kuwait Insurers

ERM“Enterprise Risk

Management”

ERM“Enterprise Risk

Management”

GIC maintained its leadership position in Kuwait for the 12th consecutive year. Ranked number 8 out of Private Insurance Companies in MENA region in terms of GPW 2011*. GIC, through its subsidiaries, maintain its market leader in Bahrain, Jordan in terms of GWP and in Egypt in

terms of technical profits.

GIC maintained its leadership position in Kuwait for the 12th consecutive year. Ranked number 8 out of Private Insurance Companies in MENA region in terms of GPW 2011*. GIC, through its subsidiaries, maintain its market leader in Bahrain, Jordan in terms of GWP and in Egypt in

terms of technical profits.

Achieved the Targeted Budget figures in terms of Production and Profitability despite all the obstacles especially Political Unrest in the MENA Region.

Achieved the Targeted Budget figures in terms of Production and Profitability despite all the obstacles especially Political Unrest in the MENA Region.

GIC obtained Standards and Poor’s interactive financial strength and long-term counterparty credit rating of A-/Stable outlook

Obtain AM Best credit rating of A- (excellent) / Stable outlook for GIC , GLIC and BKIC. Obtain AM Best credit rating of B++ (good) / Stable for AOIC and B++ (good) / Negative for AMIG.

GIC obtained Standards and Poor’s interactive financial strength and long-term counterparty credit rating of A-/Stable outlook

Obtain AM Best credit rating of A- (excellent) / Stable outlook for GIC , GLIC and BKIC. Obtain AM Best credit rating of B++ (good) / Stable for AOIC and B++ (good) / Negative for AMIG.

Strong and serious steps have been taken by the risk management in line with the best practice. Strong and serious steps have been taken by the risk management in line with the best practice.

Regional ExpansionRegional

Expansion

*Source: Al-Bayan Magazine issue # 491, Oct. 2012

Increase focus on regionalization, successfully acquired 20% of Alliance UAE. Increase GIC’s percentage of share in Al-Argan Real estate (Kuwait) to become nearly 20%.

Increase focus on regionalization, successfully acquired 20% of Alliance UAE. Increase GIC’s percentage of share in Al-Argan Real estate (Kuwait) to become nearly 20%.

5

For the second consecutive year, Gulf Insurance Company has won the Best Insurance provider in the Middle East by the Global Banking and Finance Review. An annual award given to selected distinguished companies around the world in the banking and finance industry.

For the second consecutive year, Gulf Insurance Company has won the Best Insurance provider in the Middle East by the Global Banking and Finance Review. An annual award given to selected distinguished companies around the world in the banking and finance industry.

2012 at a glance (continued)

Maintain Global Banking

and Finance reward

Maintain Global Banking

and Finance reward

Technology edge

Technology edge

Conventional Business

Conventional Business

Takaful BusinessTakaful

Business

Implementing New IT Platform for GLIC to enhance all the Technical Operations. Implementing New IT Platform for GLIC to enhance all the Technical Operations.

Maintaining existing clients (GIC renewed the tender of KPC’s medical scheme) and increasing the persistency and loyalty of customers by providing a better personalized customer service, advices and faster claims handling.

Maintaining existing clients (GIC renewed the tender of KPC’s medical scheme) and increasing the persistency and loyalty of customers by providing a better personalized customer service, advices and faster claims handling.

Continues improvements in Takaful business unit in GIC as well in Egyptian Takaful life company; to provide wide distinguished and new range of insurance solutions to customers.

Continues improvements in Takaful business unit in GIC as well in Egyptian Takaful life company; to provide wide distinguished and new range of insurance solutions to customers.

Reporting & Budgeting

Cycle

Reporting & Budgeting

Cycle Implementing a New Financial Reporting, Budgeting and Planning System across GIG. Implementing a New Financial Reporting, Budgeting and Planning System across GIG.

Distribution Channels

Distribution Channels

Increase our Distribution Network Regionally and increased the number of Life & Non-Life Sales Force in GIC and other Subsidiaries.

Increase our Distribution Network Regionally and increased the number of Life & Non-Life Sales Force in GIC and other Subsidiaries.

6

2013: Opportunities

2012: Year in Review

Agenda

2012: Financial Highlights

7Draft for Discussion

2012… Financial Highlights

KD million KD million

KD million KD million

Actual CAGR: 12%

Growth Rate %Growth Rate % Budget varianceBudget variance

9%9% 4%4%14%14% 4%4%

30%30% 2%2%

Gross Premium WrittenGross Premium Written

Underwriting ResultUnderwriting Result

RevenuesRevenues

Net Profit *Net Profit *

Actual CAGR: 19% Actual CAGR: 17%

Actual CAGR: 4% -11%-11% -24%-24%

Net profit *: Attribute to GIC parent Company; 2007 net profit presented Without non-Recurring profits KD 29.9 M (37,7 - 29,9 = 7,8)

8Draft for Discussion

2012… Financial Highlights

KD million KD million

KD million KD million

Actual CAGR: 8%

Growth Rate %Growth Rate % Budget varianceBudget variance

12%12% 10%10%10%10% 1%1%

10%10% 4%4%

Consolidated AssetsConsolidated Assets

Investment Portfolio (Portfolio Mix)Investment Portfolio (Portfolio Mix)

Shareholders’ EquityShareholders’ Equity

Net Technical ReservesNet Technical Reserves

Actual CAGR: 12% Actual CAGR: 3%

Actual CAGR: 18% 11%11% 6%6%

9

2012…Stock performance

GIC’s Share price Performance, Sector & Market IndexGIC’s Share price Performance, Sector & Market Index

During 2012-YE, GIC’s share price has been raised up. Taking into consideration the cash dividends to shareholders amounted KD 3.5 million, KD 0.9 million bonus shares (5% of the nominal value) paid in April-2012

During 2012-YE, GIC’s share price has been raised up. Taking into consideration the cash dividends to shareholders amounted KD 3.5 million, KD 0.9 million bonus shares (5% of the nominal value) paid in April-2012

10

Regional Operations (Pan-Regional Presence)

GIC Intends to continue its regional expansion strategy which affirm its regional leading position and to serve the Kuwaiti investments in the Arab region ,spread of risks and exploit the opportunities of growing markets.GIC Intends to continue its regional expansion strategy which affirm its regional leading position and to serve the Kuwaiti investments in the Arab region ,spread of risks and exploit the opportunities of growing markets.

CountryBusiness Line

M&A P M, GA L H TMENA

Kuwait

KSA

Bahrain

GCC

Lebanon

Egypt

Jordan

Syria

Non-GCC

●●●●●●●

●

●

●●●●

●

●●

●●

●●●●

●●

●●●●

●●

●●●●

Presence Across the MENA Region

GCC countriesMENA (Others)

Libya

TunisiaMorocco

Egypt

Palestine

Qatar

Oman

YemenCountries in blue colour indicate GIC presence

Countries in green colour indicate GIC targeted markets

● ●

Algeria

SaudiArabia

Jordan

Lebanon

Kuwait

BahrainAlgeria

Iraq

●●●●●●●

●●●●● ●

Syria

Iraq

U.A.E

UAE ●●●●● ●

Turkey

11

2013: Opportunities

2012: Year in Review

Agenda

2012: Financial Highlights

12

2013… Opportunities

Maintain leadership position and improve the market share by enhancing the focuses on customer needs.Maintain leadership position and improve the market share by enhancing the focuses on customer needs.Maintain LeadershipMaintain Leadership

Continue seeking best opportunities for our Regional Expansion in the MENA Region that is within our Appetite and would give us a high return on Capital Invested.

Continue seeking best opportunities for our Regional Expansion in the MENA Region that is within our Appetite and would give us a high return on Capital Invested.

Regional ExpansionRegional Expansion

Continuing the implementation of an efficient and effective Enterprise Risk Management functions within GIC group.

Continuing the implementation of an efficient and effective Enterprise Risk Management functions within GIC group.

Enterprise Risk ManagementEnterprise Risk Management

Perform an active role towards our subsidiaries in many areas & improve group integration, to strengthen their financial positions in order to allow these companies to continue to strongly compete in the domestic markets.

Working to implement a comprehensive program of unified policies between the parent company and its subsidiaries in many areas, with the aim of streamlining operations, reducing costs, and increasing revenue.

Perform an active role towards our subsidiaries in many areas & improve group integration, to strengthen their financial positions in order to allow these companies to continue to strongly compete in the domestic markets.

Working to implement a comprehensive program of unified policies between the parent company and its subsidiaries in many areas, with the aim of streamlining operations, reducing costs, and increasing revenue.

Enhance Group Integration

Enhance Group Integration

Maintain our AM Best and S&P financial strength and credit rating on A level for GIC and its rated subsidiaries.

Maintain our AM Best and S&P financial strength and credit rating on A level for GIC and its rated subsidiaries.

Financial Strength & Credit Rating

Financial Strength & Credit Rating

Work continuously and extensively to invest and improve career development programs, training program for GIG’s employees, continuous development in Information Technology and marketing plan for GIC's products & services.

Work continuously and extensively to invest and improve career development programs, training program for GIG’s employees, continuous development in Information Technology and marketing plan for GIC's products & services.

Continuous DevelopmentsContinuous Developments

GIC is examining a possible partnership with Burgan Bank to distribute insurance products of GIC regionally through their regional network (Subject to approval of Local Authorities).

GIC is examining a possible partnership with Burgan Bank to distribute insurance products of GIC regionally through their regional network (Subject to approval of Local Authorities).

Enhance Distribution Network

Enhance Distribution Network

13

2013 Ambition (KD million)

Target GrowthTarget Growth2012 A2012 A2013 E*2013 E*

* These targets might be affected by non-recurring conditions of financial markets as well as the political situations and government spending in the countries where we are operating in.

156.0156.0 145.4145.4 7.3%7.3%

91.291.2 86.086.0 6.1%6.1%

173.1173.1 167.7167.7 3.2%3.2%

93.493.4 88.288.2 5.9%5.9%

GPWGPW

RevenuesRevenues

Investment Portfolio

Investment Portfolio

Net Technical Reserves

Net Technical Reserves