News Middle East25 Apr 2019

Bahrain:BKIC's 1Q net profit down 24% to $2.1m

| 25 Apr 2019

Bahrain Kuwait Insurance Company (BKIC) posted a 24% fall in net profit to BHD794,000 ($2.1m) in the first quarter of 2019. The decline was a result of the decrease in underwriting profit due to the increased net claims incurred in motor department and also the reduction in treaty commission rates.

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