Kuwait Insurance Co sees 1H profit increase 31% to US$15 mln
Source: Middle East Insurance Review | Oct 2015
Kuwait Insurance Company has posted a profit of KWD4.55 million (US$15.1 million) for the first half of this year, 31% higher than in 2014.
The company reported total revenue of KWD14.18 million for the first six months of the year, which was flat compared to the KWD14.02 million recorded for the corresponding half of last year, according to a statement posted on the Kuwait Stock Exchange (KSE).
For the whole of 2014, the insurer reported net profits of KWD5.18 million, 21.5% higher than for 2013, largely due to investment gains.
KWD1 = US$3.31