News Middle East01 Apr 2024

Kuwait Insurance's sharp drop in profit in 2023 attributed to accounting rule

| 01 Apr 2024

Kuwait Insurance Company, the kingdom's oldest insurer that was established in 1960, saw its net profits plunge by 72.5% to KWD12.1m ($39.5m) in 2023, according to the company's audited consolidated financial statements for the year.

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