Insurance companies in Kuwait: 2022 turnover and net result

Insurance companies in Kuwait: 2022 turnover

Figures in thousands

Companies (1)2022 turnover2021 turnover2021-2022 evolution (2)
KWDUSDKWDUSD
GIG Kuwait280 700914 947265 600875 8275.69%
Al Ahleia Insurance126 029410 794113 912375 62910.64%
Kuwait Insurance50 437164 40046 903154 6657.53%
Warba Insurance40 868133 21034 212112 81519.46%
Bahrain Kuwait Insurance BKIC21 77770 98316 80955 42829.55%
First Takaful3 34010 8873 31710 9380.69%
Wethaq Takaful2 9019 4562 5868 52712.18%
Rest of the market (3)42 508185 32343 589206 170-2,48%
Total market568 5601 900 000526 9281 800 0007.90%

(1) listed on the stock exchange
(2) Growth rate in local currency
(3) 4 companies
Sources: Company reports and https://iru.gov.kw

Insurance companies in Kuwait: 2022 net result

Figures in thousands

Companies (1)2022 net result2021 net result2021-2022 evolution (2)
KWDUSDKWDUSD
GIG Kuwait (3)43 047140 31376 502252 268-43.73%
Al Ahleia Insurance17 97858 60014 54647 96623.59%
Kuwait Insurance Company42 085137 17711 43137 694268.17%
Warba Insurance3 11210 1442 3207 65034.14%
Bahrain Kuwait Insurance BKIC-----
First Takaful14045664211118.75%
Wethaq Takaful83271-39-129-312.82%

(1) listed on the stock exchange
(2) Growth rate in local currency
(3) Group net result
Exchange rate as at 31/12/2021 : 1 KWD = 3.29754 USD ; at 31/12/2022: 1 KWD = 3.25952 USD

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