Kuwait: Kuwait International Takaful assigned ratings on balance sheet strength and adequate operating results

Source: Middle East Insurance Review | Jul 2026

The operating performance of Kuwait International Takaful Insurance Company (KITI) is assessed as adequate by credit ratings organisation AM Best.

This assessment reflects the company’s track record of positive technical results over the medium term, as evidenced by a four-year (2022–2025) weighted average net-net combined ratio of 95%.

However, KITI’s technical results have been volatile, impacted by prevailing competitive conditions in its domestic market. KITI’s portfolio is heavily concentrated in the tariffed motor third-party liability class of business, which significantly limits management’s ability to ensure rate adequacy. This risk was particularly highlighted in 2025, when the company recorded a spike in its net-net combined ratio to 119%.

Over the long run, AM Best expects the company’s operating performance to remain supportive of the adequate assessment. Due to the conservative nature of its investment strategy, KITI’s investment income is expected to remain modest and stable. M

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