Kuwait Re's profit rises 30%

Posted On: Nov. 13, 2019 4:46 AM CST

Kuwait Reinsurance Co. KSCP's net profit increased 30% year-over-year to nearly 4 million Kuwaiti dinar ($13 million) in the first nine months, compared with nearly KWD 3 million in the first nine months of 2018, Middle East Insurance Review reports. Gross written premiums grew 19% to nearly KWD 50 million, while underwriting profit rose 11% to nearly KWD 3 million.