Magazine

Read the latest edition of AIR and MEIR as an Interactive e-book

Apr 2025

Kuwait: Kuwait Re reports 30% jump in profit in 2024

Source: Middle East Insurance Review | Apr 2025

Kuwait Re has announced that it achieved a profit after tax of KWD14.13m ($45.8m) in 2024 compared to KWD10.83m in the previous year, a jump of 30.4%, according to a statement the company lodged with the Kuwait stock exchange.
 
The statement attributed the surge in profits to a higher insurance revenue, which grew by 12% to KWD79.9m in 2024 from KWD71.4m in 2024, and increased net investment revenues which reached KWD9.22m from KWD6.63m, up by 39%.
 
As of the end of 2024, total equity stood at KWD91.71m compared with KWD79.69m, 15% increase. M 
 
| Print
CAPTCHA image
Enter the code shown above in the box below.

Note that your comment may be edited or removed in the future, and that your comment may appear alongside the original article on websites other than this one.

 

Recent Comments

There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.