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Kuwaiti insurers’ net profit up by 2%

Posted On: Apr. 13, 2023 9:45 AM CST

The aggregate net profit of insurers listed on the Kuwait Stock Exchange grew by 2% year-on-year to 108.86 million Kuwaiti dinar ($355.3 million) in 2022, Middle East Insurance Review reported. The insurers’ total revenues increased by almost 43% year-on-year to KWD757.6 million, while its operating profits grew by 68% year-on-year to KWD129.7 million.