Kuwait Re: 2023 results

Kuwait Re has ended the 2023 financial year with a 23% turnover increase in US dollars. The figure went up from 242.45 million USD in 2022 to 300 million USD at the end of 2023.

The net profit has progressed by 31% from 27.02 million USD as at 31 December 2022 to 35.22 million USD one year later.

The net investment income amounted to 23.87 million USD, up by 59% over one year.

The company's total assets and shareholders' equity stood at 646.36 million USD and 259.06 million USD respectively on 31 December 2023.