Kuwait Re: Q1 2025 results

Kuwait Re has recorded a 20% increase in gross written premiums to 157.61 million USD in the first quarter of 2025.

Net result was up by 30% to 17.12 million USD. Investment income stood at 10.25 million USD, reflecting an 11% growth over one year.

The combined ratio improved by 1.55 points to 86.47%, compared with 88.02% for the same period in 2024.

The reinsurance company's total assets and shareholders' equity stood at 793.91 million USD and 305.24 million USD respectively at end-March 2025.