Kuwait Reinsurance Co K.S.P.C (KUWAITRE)

Mubasher: A.M. Best Rating Services has affirmed the credit rating of Kuwait Reinsurance Company at “A-“ (Excellent), with a ‘Stable’ outlook. The rating highlights the robustness of the insurer’s balance sheet, coupled with its adequate operating …

Mubasher: Kuwait Reinsurance Company reported a decline in profits during the third quarter (Q3) of the year by 5.4% year-on-year (YoY), as shown by the company’s financial results. Profits during the three-month period amounted to KWD 993,000 …

Mubasher: Kuwait Reinsurance Company reported a 60.7% year-on-year growth in profits during the first quarter of 2019. The firm generated a profit of KWD 1.636 million ($5.4 million) in Q1-19, up from KWD 1.018 million ($3.4 million) during Q1-18, …

Mubasher: Kuwait Reinsurance Company on Tuesday announced that the company’s shareholders had approved to distribute KWD 891,000 at 5 fils per each share as cash dividends for the full fiscal year 2018 during a general assembly meeting held the …

Mubasher: Kuwait Reinsurance achieved an increase of 43.4% in the fourth quarter of 2018, compared to the same period a year ago. Earnings totalled KWD 400,000 ($1.32 million) in Q4-18, up from KWD 279,000 ($920,600) in Q4-17, according to a …

Mubasher: Kuwait Reinsurance reported a decline of 8.6% in profits during the second quarter of 2018 compared to the same period in the prior year. Earnings shrank to KWD 907,000 ($3 million) in Q2-18 from KWD 992,000 ($3.2 million) in Q2-17, …

Mubasher: Kuwait Reinsurance achieved an incline of 20.8% in profits during the first quarter of 2018 compared to the same period in the previous year. Earnings increased to KWD 1.02 million ($3.39 million) in Q1-18 from around KWD 844,540 ($2.80 …

Mubasher: Kuwait Reinsurance Company (KUWAITRE) on Monday announced that A.M. Best has affirmed the company’s financial strength rating at              “A-" (Excellent), with 'Stable' outlook. The recent rating highlights the robustness of Kuwait …

Mubasher: The ordinary general meeting (OGM) of Kuwait Reinsurance has approved the board’s recommendation to distribute 10% of the capital as a bonus share for fiscal year 2017. Kuwait Reinsurance will distribute 10-for-100 shares as bonus shares …

Mubasher: Kuwait Reinsurance reported a plunge of 83.8% in profits during the fourth quarter of 2017 compared to the same period in the 2016 fiscal year. Earnings shrank to KWD 279,000 ($932,250) in Q4-17 from KWD 1.72 million ($5.75 million) in …

Kuwait – Mubasher: Kuwait Reinsurance posted a 9.7% year-on-year decline in its profits during the first quarter of 2017, according to a bourse statement. Profits reached KWD 844,540 ($2.77 million) in Q1-17, compared to KWD 935,600 ($3.07 …

Mubasher: The ordinary general meeting (OGM) of Kuwait Reinsurance approved distributing 8% of the capital as bonus shares for fiscal year 2016. The company will distribute 8-for-100 shares to the entitled shareholders; this will raise the capital …

Mubasher: Kuwait Reinsurance will hold its ordinary general meeting (OGM) on 19 April to consider distributing 8% bonus shares for fiscal year 2016. The company will distribute 8-for-100 shares to the entitled shareholders, according to a bourse …

By: Eman Ghaly Kuwait – Mubasher: The financial statements of eight Kuwait-listed insurance companies revealed a 0.11% rise in the sector’s profits for the fourth quarter of 2016, compared to the same period in 2015. Profits reached KWD 6.153 …

Mubasher: Kuwait Reinsurance recorded a rise of 29.3% in profits during the fourth quarter of 2016 as compared to the same period a year ago. Earnings increased to KWD 1.72 million ($5.62 million) in Q4-16 from KWD 1.33 million ($4.34 million) in …

Mubasher: A.M. Best Rating Services has affirmed Kuwait Reinsurance Company’s Financial Strength Rating and the Long-Term Issuer Credit Rating at of ‘A-’ (Excellent) and ‘a-’. The outlook of these credit ratings remains ‘Stable’, according to a …

Kuwait – Mubasher: Kuwait Reinsurance suffered losses in the third quarter of 2016 against earnings in the same quarter a year ago. Losses amounted to nearly KWD 834,500 ($2.75 million) in Q3-16 versus a profit of approximately KWD 629,300 ($2.08 …

Kuwait – Mubasher: Four Kuwaiti companies listed on Kuwait Stock Exchange (KSE) will disclose their financial statements for the period ended 30 September, 2016. The companies are Manazel Holding, Kuwait Reinsurance, Salhia Real Estate, and Mezzan …

Kuwait – Mubasher: Kuwait Reinsurance will hold a board meeting Wednesday, 9 November, to discuss the financial statements of the third quarter this year, according to a bourse statement issued Tuesday. In the second quarter, the company’s profits …

Kuwait - Mubasher: Kuwait Reinsurance Company recorded a 73.6% year-on-year drop in profits in the second quarter of 2016, according to a bourse filing on Wednesday. Profits reached KWD 132,230 ($437,100) down from KWD 501,220 ($1.66 million) in …

Kuwait-Mubasher: Kuwait Reinsurance’s earnings increased by 26.82% in the first quarter of 2016 as compared to the same period in 2015, the company said in a recent statement. Profits reached about KWD 935,600 ($3.11 million) in Q1-16, compared to …

Kuwait-Mubasher: Kuwait Reinsurance said that a favourable verdict has been issued on Tuesday entitling it to receive an amount of KWD 270,000 ($895,614) from Al Mal Investment, according to a recent statement. No financial impact will affect the …

Kuwait-Mubasher: Kuwait Reinsurance’s ordinary general meeting agreed on the dividends proposed by the board for the fiscal year 2015, according to a bourse statement. The company’s shareholders approved the payment of 10% cash dividends or 10 …

Kuwait-Mubasher: The financial statements of Kuwait Reinsurance showed a turn to profits worth KWD 1.33 million ($4.44 million) in the fourth quarter in 2015, against losses of about KWD 335,000 ($1.12 million) in the same quarter in 2014. The …

Kuwait-Mubasher: Kuwait Reinsurance recorded a jump of 485.8% in its nine-month-period earnings. The company posted KWD 1.87 million ($6.17 million) in 9M-15, compared to about KWD 319,200 ($1.05 million) in 9M-14. The Kuwaiti company said that …