AM Best affirms BKIC and its Takaful subsidiary’s ratings

AM Best has affirmed the “A-” (Excellent) Financial Strength Rating and “a-” Long-Term Issuer Credit Rating of Bahrain Kuwait Insurance Company (BKIC) and its subsidiary, Takaful International Company (TIC). The outlook for both ratings remains stable.

The ratings reflect BKIC’s strong balance sheet, neutral business profile, and appropriate management of business risks.
BKIC continues to demonstrate strong operating performance, recording a combined ratio of 97.4% and a return on equity of 10.4% in 2025.

The insurer maintains a leading position in the Bahraini insurance market, with insurance revenue rising to 117.3 million BHD (309.4 million USD) in 2025, from 114.2 million BHD (300 million USD) in 2024.

For TIC, the rating also reflects its strategic importance to its parent company.