Kuwait Re: results to 30 September 2024

Kuwait Re closed the first three quarters of 2024 with a turnover of 283.95 million USD, up 12% over one year.

The net profit reached 31.13 million USD against 23.78 million USD at the end of September 2023, that is a growth of 31%. The insurance service result slightly decreased by 0.3% to 14.06 million USD. The combined ratio fell by 1.5 points to 93.6%.

The investment income rose by 46% to stand at 24.66 million USD.

During the period under review, the company's assets and shareholders' equity amounted to 725.45 million USD and 285.14 million USD respectively.