Kuwait: Al Ahleia Insurance sees 11% drop in profits for 2014
Source: Middle East Insurance Review | May 2015
Al Ahleia Insurance has reported profits of KWD8.5 million (US$28.1 million) for 2014, 10.5% lower than the KWD9.5 million chalked up in 2013, according to the company’s Chairman, Mr Sulaiman Al Dalali.
Gross premiums hit KWD31.5 million last year, up 4.3% compared to KWD30.2 million the previous year, reported Kuwait News Agency citing a report from the insurer.
KWD1 = US$3.31