Kuwait Re: Q3 2019 results

Kuwait ReThe Kuwaiti reinsurer “Kuwait Re” reported a 19% increase in its turnover during the third quarter of 2019, with premiums growing from 41.6 million KWD (136.9 million USD) at the end of September 2018 to 49.71 million KWD (162.9 million USD) one year later.

The net result rose by 30% at 3.86 million KWD (12.6 million USD). This performance was mainly accounted for by the increase in the investment income which amounted to 3.1 million KWD (10.2 million USD), up by 32%. The shareholder's equity also grew by 7% at 51.99 million KWD (170.4 million USD).

Finally, the combined ratio was set at 96.5% against 96.1% one year before.

Read also | Kuwait Re: strong results for H1 2019

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