Kuwait Re: Results for the first half of 2018

In the first half of 2018, Kuwait Reinsurance Company (Kuwait Re) recorded an after-tax profit of 1.92 million KWD (6.32 million USD) up by 5% compared to 2017. The amount of gross premiums written increased by 37% to 31.47 million KWD (103.53 billion USD).

During the first half of the year, the cost of claims increased for the company. From 8.31 million KWD (27.36 million USD) in 2017 it climbed to 11.72 million KWD (38.55 million USD) a year later. However, the reinsurer’s combined ratio, which was 97% twelve months earlier, gained one point to reach 96%.

As of June 30, 2018, the shareholder’s equity of the company amounted to 47.46 million KWD (156.13 million USD), that is 5.98% more than in 2017.

Read also:

Your rating: None
Advertising Program          Terms of Service          Copyright          Useful links          Social networks          Credits