Published on Atlas Magazine (https://www.atlas-mag.net)

Home > Printer-friendly

Kuwait Re publishes its 2018 results

Tweet [1] [2]
Magazine Issue: 
2019, the year of all challenges [3]
Magazine date: 
Feb 2019

Kuwait ReKuwait Re [4] reported a turnover of 46.56 million KWD (152.69 million USD) in 2018, up by 33% over one year. The net profit increased from 3.06 million KWD (10 million USD) to 3.37 million KWD (11 million USD), that is a rise of 10% compared to 2017. The combined ratio improved by one point to reach 97%.

The shareholder's equity amounted to 48.69 million KWD (159.68 million USD) against 45.73 million KWD (151 million USD) one year ago. The return on equity increased from 6.92% to 7.14% in 2018.

These results allowed the company to achieve its objectives. Created in 1972, the company now has two offices in Kuwait and Malaysia.

Read also | 2017 ranking of the Middle Eastern reinsurance companies [5]

Tue, 19/02/2019 - 09:10

Source URL: https://www.atlas-mag.net/en/article/kuwait-re-publishes-its-2018-results

Links:
[1] https://twitter.com/intent/tweet?url=https%3A%2F%2Fwww.atlas-mag.net%2Fen%2Farticle%2Fkuwait-re-publishes-its-2018-results&text=Kuwait+Re+publishes+its+2018+results
[2] https://www.linkedin.com/shareArticle?url=https%3A%2F%2Fwww.atlas-mag.net%2Fen%2Farticle%2Fkuwait-re-publishes-its-2018-results&source=Atlas Magazine&mini=true
[3] https://www.atlas-mag.net/en/issue/2019-the-year-of-all-challenges
[4] https://www.atlas-mag.net/en/article/kuwait-re
[5] https://www.atlas-mag.net/en/article/ranking-2017-of-the-middle-eastern-reinsurers-per-turnover