Kuwait Re: 2022 results

Kuwait Re has published its financial statements as of 31 December 2022. The turnover has reached 242.45 million USD, increasing by 3% compared to the same period of 2021.

For the year 2022, the net profit went up by 25% to 26.03 million USD while the technical result amounted to 25.28 million USD, showing a 20% growth compared to the 21.03 million USD recorded one year earlier.

The net investment income climbed from 13.06 million USD in 2021 to 15.05 million USD in 2022, representing a 15% improvement.

During the period under review, the company's shareholders' equity stood at 226.95 million USD and total assets at 698.05 million USD.