Kuwait Reinsurance Co. posts KD 3.9 mln in H1 profits

Kuwait Reinsurance Company announced a net profit of KD 3.9 million (USD 12.8 million) in the first half of 2022, compared with KD 3.4 million (USD 11.2 million) in the same period of 2021, up 14.7 percent.

In a disclosure posted on the Boursa Kuwait’s website, the company said earnings per share amounted to 16.7 fils in the first six months of 2022 from 14.6 fils in the same period of 2021, up 14.7 percent.

Established in 1972 and listed on the stock exchange in 2004 with an authorized capital of KD 24 million (around USD 79.2 million), Kuwait Reinsurance Company is a leading provider of reinsurance services, serving insurance companies worldwide to the highest standards by providing reliable, tailored risk transfer solutions over a variety of industries.

Source: Kuwait News Agency