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International

Kuwait Re's underwriting profit rises more than 40%

November 20, 2018 Reprints

Kuwait Reinsurance Co. K.S.C.P.'s underwriting profit increased 41% year over year to 2.66 million Kuwaiti dinar ($8.8 million) in the first nine months, Middle East Insurance Review reported. Gross written premiums grew 40% to KWD 41.6 million, while net premiums rose 34% to KWD 27.8 million. Profit after tax went up 7% to nearly KWD 3 million.

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Kuwait Re's underwriting profit rises more than 40%

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