Kuwait Re publishes its 2018 results

Kuwait Re reported a turnover of 46.56 million KWD (152.69 million USD) in 2018, up by 33% over one year. The net profit increased from 3.06 million KWD (10 million USD) to 3.37 million KWD (11 million USD), that is a rise of 10% compared to 2017. The combined ratio improved by one point to reach 97%.

The shareholder's equity amounted to 48.69 million KWD (159.68 million USD) against 45.73 million KWD (151 million USD) one year ago. The return on equity increased from 6.92% to 7.14% in 2018.

These results allowed the company to achieve its objectives. Created in 1972, the company now has two offices in Kuwait and Malaysia.

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