Kuwait Re’s net profit grows 25%
Posted On: Feb. 21, 2023 9:57 AM CST![Financial results](https://bicontent.businessinsurance.com/da0bf138-71ce-4865-a436-987a78384afb.jpg)
Kuwait Reinsurance Co. KSCP's net profit after tax increased 25% year-on-year to $26 million in 2022, Reinsurance News reported. Gross written premiums increased 3% to $242.45 million, while underwriting results rose 20% to $25.28 million.