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| DATE OF CREATION: 1972, Kuwait |
| CLASSES OF BUSINESS: Life and non-life | |
| MAIN UNDERWRITING REGIONS: Middle East, Asia and Africa | |
| Regional structure: Kuala Lumpur (Malaysia) |
Kuwait Re: Contact
| Address: Kuwait Re Tower, Sharq Area, Al-Shuhadaa Street, PO Box 21 929 Safat 13080, Kuwait City, Kuwait |
| Tel: +965 2229 96 66 |
| Fax: +965 2 242 78 23 |
| Email: kuwaitre@kuwaitre.com |
| Website: www.kuwaitre.com |
Kuwait Re: Rating
| Agency | Rating | Outlook |
| A.M. Best | A- | Stable |
| Standard & Poor’s | A- | Stable |
Kuwait Re: Main indicators
in thousands USD| 2019 | 2020 | 2021 | |
| Turnover | 187 405 | 186 515 | 236 256 |
| Shareholder’s equity | 175 613 | 186 076 | 208 338 |
| Net result | 15 550 | 17 140 | 20 831 |
Read also | Kuwait Re: Q1 2022 results
Kuwait Re: Turnover 2021 by class of business
in thousands USD| Premiums | In % | |
| Fire | 155 552 | 65.84% |
| Marine and aviation | 44 283 | 18.74% |
| General accident | 21 592 | 9.14% |
| Total non-life | 221 427 | 93.72% |
| Life | 14 829 | 6.28% |
| Grand total | 236 256 | 100% |
Kuwait Re: Capital and shareholding
| Shareholders | In % |  |
| Al Ahleia Insurance | 91.74% | |
| Kuwait Insurance | 5.1% | |
| Others | 3.16% |
Kuwait Re: Technical ratios
| 2019 | 2020 | 2021 | |
| Net loss ratio | 65.88% | 68.84% | 65.55% |
| Net management expenses ratio | 28.33% | 28.97% | 25.45% |
| Net combined ratio | 94.21% | 97.81% | 91% |
Kuwait Re: Management
| Sulaiman Hamad Mohammed Aldalali | Chairman of the board |
| Dawoud S. Al Duwaisan | Chief executive officer |
| Mohammed Al Tabtabaei | Chief operating officer |
| Hamad Jasim Al Nusif | Chief finance and investment officer |
| Abdallah Badaoui | General manager - regional office in Kuala Lumpur, Malaysia |
| Xavier P.K | Chief underwriter - facultative underwriting |
Exchange rate as at 31/12/2019: 1 KWD = 3.28983 USD; as at 31/12/2020: 1 KWD = 3.27438 USD ; 31/12/2021: 1 KWD = 3.29754 USD
Source: Kuwait Re
Read also | Insurance companies in Kuwait
| DATE OF CREATION: 1972, Kuwait |
| CLASSES OF BUSINESS: Life and non-life | |
| MAIN UNDERWRITING REGIONS: Middle East, Asia and Africa | |
| Regional structure: Kuala Lumpur (Malaysia) |
Kuwait Re: Contact
| Address: Kuwait Re Tower, Sharq Area, Al-Shuhadaa Street, PO Box 21 929 Safat 13080, Kuwait City, Kuwait |
| Tel: +965 2229 96 66 |
| Fax: +965 2 242 78 23 |
| Email: kuwaitre@kuwaitre.com |
| Website: www.kuwaitre.com |
Kuwait Re: Rating
| Agency | Rating | Outlook |
| A.M. Best | A- | Stable |
| Standard & Poor’s | A- | Stable |
Kuwait Re: Main indicators
in thousands USD| 2019 | 2020 | 2021 | |
| Turnover | 187 405 | 186 515 | 236 256 |
| Shareholder’s equity | 175 613 | 186 076 | 208 338 |
| Net result | 15 550 | 17 140 | 20 831 |
Read also | Kuwait Re: Q1 2022 results
Kuwait Re: Turnover 2021 by class of business
in thousands USD| Premiums | In % | |
| Fire | 155 552 | 65.84% |
| Marine and aviation | 44 283 | 18.74% |
| General accident | 21 592 | 9.14% |
| Total non-life | 221 427 | 93.72% |
| Life | 14 829 | 6.28% |
| Grand total | 236 256 | 100% |
Kuwait Re: Capital and shareholding
| Shareholders | In % | |
| Al Ahleia Insurance | 91.74% | |
| Kuwait Insurance | 5.1% | |
| Others | 3.16% |
Kuwait Re: Technical ratios
| 2019 | 2020 | 2021 | |
| Net loss ratio | 65.88% | 68.84% | 65.55% |
| Net management expenses ratio | 28.33% | 28.97% | 25.45% |
| Net combined ratio | 94.21% | 97.81% | 91% |
Kuwait Re: Management
| Sulaiman Hamad Mohammed Aldalali | Chairman of the board |
| Dawoud S. Al Duwaisan | Chief executive officer |
| Mohammed Al Tabtabaei | Chief operating officer |
| Hamad Jasim Al Nusif | Chief finance and investment officer |
| Abdallah Badaoui | General manager - regional office in Kuala Lumpur, Malaysia |
| Xavier P.K | Chief underwriter - facultative underwriting |
Exchange rate as at 31/12/2019: 1 KWD = 3.28983 USD; as at 31/12/2020: 1 KWD = 3.27438 USD ; 31/12/2021: 1 KWD = 3.29754 USD
Source: Kuwait Re
Read also | Insurance companies in Kuwait