Kuwait Re: results as at 30 September 2023

Kuwait Re has recorded a 24% turnover increase to 253.6 million USD for the first nine months of 2023.

The net profit was up by 25% to 23.78 million USD, against 18.97 million USD for the same period in 2022. The combined ratio fell by 3.7 points to 93.29%.

The net investment income increased by 58% to 16.89 million USD over one year.

During the period under review, the company's shareholders' equity and assets amounted to 246.5 million USD and 610.49 million USD respectively.