Kuwait Re reports strong results for the period ended 30 September 2019
Kuwait Reinsurance Company’s Q3 profits are up on the same period last year and its gross written premiums have also significantly increased. Its combined ratio has risen slightly.
The reinsurer reported a net profit of KD 3.87 million ($12.7 million) for the period ended Q3 2019, an increase of 30 percent as compared to KD 2.97 million for the corresponding period previous year. Gross written premium increased by 19 percent to KD 49.71 million from KD 41.60 million in the corresponding period previous year.
Its combined ratio increased to 96.5 percent compared to 96.1 percent in the corresponding period previous year.
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