Kuwait Reinsurance Company (Kuwait Re) has recorded a net profit of $45.26m for the first three quarters of this year (3Q2026), 7% higher compared to $42.49m for the corresponding period in 2025, according to interim financial results released by the company.
Reinsurance service result for the period increased by 49% to $25.86m from $17.38m. The reinsurer’s combined ratio in the first three quarters of 2026 improved to 89.46%.
Reinsurance revenue amounted to KWD71.38m ($231.34m) in the first nine months of 2026, 8.5% higher compared to KWD65.79m in the corresponding period of 2025. Non-life reinsurance revenue increased by 6.1% year on year to KWD66.24m (9M2025: KWD62.00m) in 3Q2026. Life reinsurance revenue climbed by 34.8% year on year to KWD5.13m (9M22025: KWD3.81m).
Gross written premiums rose by 6% to $333.33m in the first three quarters of the year, compared to $314.31m for the same period in 2025.
Kuwait Re’s board of directors has decided to distribute interim cash dividends of 5% for the third quarter of 2026, in addition to the previous interim cash dividends of 5% for the first quarter and 5% for the second quarter, bringing total interim cash dividends distributed during 2026 to date to 15% of the issued and paid-up share capital.