Kuwaiti insurers listed on the stock exchange: profits up in 2022

The six insurers listed on the Kuwait Stock Exchange have ended the year 2022 with a slight 0.2% increase in their overall net profit to 100.9 million KWD (328.3 million USD).

Kuwait Insurance Company (KIC) has alone recorded a 268% increase in its net result which reached 42.1 million KWD (137 million USD) in 2022. KIC is followed by Gulf Insurance Group (GIG) and Al Ahleia Insurance Company which have posted respective net profits of 43 million KWD (140 million USD) and 17.9 million KWD (58.6 million USD).

The reinsurer Kuwait Re, also listed on the stock exchange, has recorded a net profit of 8 million KWD (26 million USD), which represents a 26% growth.