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Kuwait Re recorded a 9% increase in turnover to 216.35 million USD for the first half of 2024, compared with 198.91 million USD a year earlier.
Net profit amounted to 22.41 million USD, up by 41% on the 15.87 million USD posted in the first half of 2023.
The combined ratio stood at 88.6% against 89.8% at the end of June 2023, representing an improvement of 1.2 points.
Net investment income climbed by 48% over one year to 16.38 million USD.
During the reporting period, the company's assets and shareholders' equity totalled 681.39 million USD and 275.78 million USD respectively.
