Kuwait Insurance Co S.A.K. (KINS) News - Mubasher Info
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Kuwait Insurance Co S.A.K. (KINS)

Last update: 28 March 01:17 PM market time.
520.00
-5.00
-0.95%
Open 525.00
Previous Close 525.00
High 525.00
Low 518.00
Stock Statistics
Volume 16,018
Turnover 8,322.83
All data are 15 minutes late during market session

News

Photo Archive
13 June 2021 07:49 PM Kuwait Insurance to start EGP 100m life insurance firm in Egypt
Mubasher: The board of Kuwait Insurance has approved establishing a new life insurance company in Egypt with a capital of EGP 100 million (KWD 1.9 million). The new company will be subject to all regulatory and market authorities in Egypt and …
The ratings reflected the company’s profitable work model
24 December 2019 03:26 PM Moody's affirms Kuwait Investment’s ratings; Outlook stable
Mubasher: Moody's Investors Service has affirmed the credit ratings of Kuwait Investment at ‘Bb2’, with a stable outlook, according to a bourse statement released on Tuesday. The ratings reflected the company’s profitable work model and ability to …
Profits amounted to KWD 775,830 in the third quarter of the year
11 November 2019 05:11 PM Kuwait Insurance profits down 50% in Q3
Mubasher: Kuwait Insurance Company reported a 49.9% decline in profits during the third quarter (Q3) of 2019, as shown by the company’s financial results. Profits amounted to KWD 775,830 ($2.56 million) in Q3-19, compared with KWD 1.55 million …
Profits totaled KWD 2.03 million in Q2-19
5 August 2019 09:00 AM Kuwait Insurance Q2 profits hike 74%
Mubasher: Kuwait Insurance, listed on Boursa Kuwait, reported a 73.5% year-on-year growth in profits for the second quarter of 2019. Profits totaled KWD 2.03 million ($6.68 million) in Q2-19, versus KWD 1.17 million ($3.85 million), according to a …
Profits amounted to KWD 5.9 million in Q1-19
13 May 2019 11:26 AM Kuwait Insurance’s profit grows 18.5% in Q1
Mubasher: Kuwait Insurance reported an 18.5% year-on-year jump in profits during the first quarter of 2019. The company’s profits amounted to KWD 5.9 million ($19.46 million) in Q1-19, up from KWD 4.98 million ($16.43 million) during Q1-18, …
Kuwait Insurance will pay 25 fils per share as dividends for FY18
1 April 2019 10:01 AM Kuwait Insurance to pay KWD 5m dividends for FY18
Mubasher: The ordinary general meeting (OGM) of Kuwait Insurance approved the board’s recommendation of distributing 25% of the par value of shares as cash dividend for fiscal year 2018, after excluding treasury shares. Kuwait Insurance will pay …
Kuwait Insurance closed Wednesday’s session at 385 fils
13 February 2019 03:56 PM Kuwait Insurance records KWD 9m profits in FY18; dividends proposed
Mubasher: Kuwait Insurance achieved an increase of 10.7% in profits during fiscal year 2018 compared to the previous year. Earnings grew to KWD 8.97 million ($29.6 million) in FY18 from KWD 8.1 million ($26.7 million) in the prior year, according …
Earnings shrank to KWD 1.17 million ($3.87 million) in Q2-18
9 August 2018 11:21 AM Kuwait Insurance Q2 profits drop 41%
Mubasher: Kuwait Insurance reported a decline of 40.9% in profits during the second quarter of 2018 compared to the same period a year ago. Earnings shrank to KWD 1.17 million ($3.87 million) in Q2-18 from KWD 1.98 million ($6.55 million) in …
Earnings grew to KWD 4.98 million ($16.54 million) in Q1-18
9 May 2018 03:55 PM Kuwait Insurance Q1 profits grow 9.7%
Mubasher: Kuwait Insurance achieved an increase of 9.7% in profits during the first quarter of 2018 compared to the same period in the prior year. Earnings grew to KWD 4.98 million ($16.54 million) in Q1-18 from KWD 4.54 million ($15.08 million) …
The dividends are expected to be distributed on 11 April
14 March 2018 03:38 PM Kuwait Insurance nods to 25 fils/shr dividends for FY17
Mubasher: The ordinary general meeting (OGM) of Kuwait Insurance approved the board’s recommendation to distribute 25% of capital as a cash dividend for fiscal year 2017. The insurance services provider plans to pay 25 fils per share as dividends …
Kuwait Insurance’s board recommended a cash dividend of 25%
15 February 2018 03:23 PM Kuwait Insurance turns profitable in FY17; dividends proposed
Mubasher: Kuwait Insurance achieved a leap of 506% in profits during the fourth quarter of 2017 compared to the corresponding period in 2016. Earnings surged to KWD 866,000 ($2.9 million) in Q4-17 from nearly KWD 142,900 ($477,500) in Q4-16, …
Kuwait Insurance reported a growth of 28.6% in profits in Q1-17
9 August 2017 05:00 PM Kuwait Insurance Q2 financials turn profitable
Mubasher: Kuwait Insurance achieved a profit of KWD 2.02 million ($6.68 million) in the second quarter of 2017 against a loss of KWD 4.53 million ($14.98 million) in the same period a year ago. During the first six months of 2017, the company …
Photo Credit: Arabianeye-Reuters
11 May 2017 01:58 PM Kuwait Insurance Q1 profits up 28.6%
Kuwait – Mubasher: Kuwait Insurance recorded a growth of 28.6% in profits in the first quarter of 2017 compared to the same period in 2016. The earnings increased to KWD 4.5 million ($14.7 million) in Q1-17 from KWD 3.5 million ($11.5 million) in …
Photo Credit: Arabianeye-Reuters
9 March 2017 10:52 AM Kuwait Insurance to discuss dividends late March
Mubasher: Kuwait Insurance will hold its ordinary general meeting (OGM) on 27 March to overview the board’s recommendation of distributing 20% of the capital or 20 fils per share, according to a bourse statement issued on Thursday. The …
Operating revenue shrank by 2.52% in FY16 (Photo Credit: Arabianeye-Reuters)
14 February 2017 03:36 PM Kuwait Insurance Q4 profits fall 78.3%
Mubasher: Kuwait Insurance posted a decline of 78.3% in profits during the fourth quarter of 2016 as compared to the same period of 2015. The company posted about KWD 142,930 ($467,090) worth profits in Q4-16, compared with around KWD 660,000 …
Photo Credit: Arabianeye-Reuters
26 January 2017 03:26 PM Moody’s affirms Kuwait Insurance’s credit rating
Mubasher: Moody’s Investors Service has affirmed the credit rating of Kuwait Insurance at ‘A3’, with a ‘Stable’ Outlook, according to a bourse statement issued on Thursday. This rating reflects the company’s solid financial position in the local …
Kuwait Insurance profits down 839 % in Q3
10 November 2016 03:08 PM Kuwait Insurance profits down 839 % in Q3
 Kuwait – Mubasher: Kuwait Insurance Company reported a profit decline by 39.2% in the third quarter of this 2016, compared to the same period of the previous year Profits reached KWD 288,800 ($952,920), versus KWD 474,580 ($1.57 million) last …
The company's profits reached KWD 1.03 million in H1-16- (Photo Credit: Arabianeye - Reuters)
11 August 2016 03:06 PM Kuwait Insurance turns to losses in Q2
Kuwait-Mubasher: Kuwait Insurance achieved KWD 4.49 million ($14.86 million) losses in the second quarter of 2016 versus KWD 1 million ($3.31 million) profits in the year-ago period. The losses achieved in Q2 were attributed to unrealized losses …
The latest OGM of Kuwait Insurance (Photo Credit: Mubasher)
11 May 2016 02:53 PM Kuwait Insurance posts lower profits in Q1
Kuwait-Mubasher: Kuwait Insurance registered a 2.5% decline in profits for the first quarter as compared to the same period in 2015, the company said in a bourse statement. The Q1-16 earnings decreased to KWD 3.46 million ($11.47 million), down …
Kuwait Insurance’s OGM (Photo Credit: Mubasher)
30 March 2016 00:21 PM Kuwait Insurance shareholders vote for 20% dividends
By: Ahmad Awad Kuwait-Mubasher: Kuwait Insurance’s ordinary general meeting agreed on distributing the 20% cash dividends recommended by the board for the fiscal year 2015. The Kuwait-listed company will pay 20 fils per share to shareholders. …
Photo Credit: Arabianeye-Reuters
17 February 2016 01:30 PM Kuwait Insurance accepts resignation of CEO Al Bahar
Kuwait-Mubasher: The board of Kuwait Insurance has accepted the resignation of its CEO Ali Hamad Al Bahar, according to a bourse statement. It added that the resignation will be effective as of the beginning of April, 2016. The statement noted …
Photo Credit: Arabianeye-Reuters
11 November 2015 01:32 PM Kuwait Insurance posts 1.6% growth in 9M profits
Kuwait-Mubasher: Kuwait Insurance said Wednesday it recorded a rise of 1.6% to KWD 5.03 million ($16.52 million) in earnings of the first nine months, compared to KWD 4.95 million ($16.26 million) in the same period of 2014. First-half profits …
Photo Credit: Arabianeye-Reuters
30 August 2015 04:03 PM Kuwait puts retiree insurance out to tender
The Kuwait’s central tenders committee has launched a tender to provide health insurance to retired citizens, in accordance with law No. 114 of the Ministry of Health in 2014. Seven companies accepted the government invitation, including Al Ahleia …
Photo Credit: Arabianeye - Reuters
22 August 2015 11:15 AM Moody's upgrades Kuwait Insurance to A3 IFS rating, Stable outlook
Moody's Investors Service on Friday upgraded to A3 from Baa1 the insurance financial strength rating (IFSR) of Kuwait Insurance Company S.A.K. (KIC). The rating carries a stable outlook. According to Moody’s, the rating upgrade reflects the …
Photo Credit: Arabianeye - Reuters
11 August 2015 01:50 PM Kuwait Insurance H1 profit rises on stronger operations
Kuwait – Mubasher: Kuwait Insurance Co. posted 31.4% growth in net profit for the first half of 2015 to KWD 4.56 million ($15.05 million), up from KWD 3.47 million ($11.43 million) in the year-ago period. The Kuwait-listed insurer ascribed the …