Warba Insurance and Reinsurance Co K.S.C.P (WINSRE) News - Mubasher Info
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18 April 08:29 PM

Warba Insurance and Reinsurance Co K.S.C.P (WINSRE`B)

Last update: 08:29 PM market time.
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News

A remuneration totalling KWD 35,000 will be granted to board members for 2019
7 May 2020 00:58 PM Warba Insurance agrees on 2019 dividends, bonus shares
Mubasher: Warba Insurance’s general assembly approved the previously recommended distribution of cash dividends of 7.5 fils per share or 7.5% of the share’s nominal value for 2019 after excluding treasury stocks. The distribution will be to the …
General Assembly
The board recommended cash dividends of KWD 1.21 million for 2019
19 March 2020 04:42 PM Warba Insurance’s earnings soar 50% in 2019
Mubasher: Warba Insurance’s profits climbed by 49.8% on an annual basis in the fiscal year (FY) ended on 31 December 2019. The profits for the 12-month period amounted to KWD 1.17 million ($5.53 million) by 2019 year-end, compared to KWD 781,520 …
Financial Results
Warba Insurance
4 November 2019 05:04 PM Warba Insurance deepens losses in Q3
Mubasher: Warba Insurance reported an increase in losses by 62.31% during the third quarter (Q3) of the year. Losses reached KWD 56,390 in Q3-19, up from KWD 34,750 in Q3-18, as shown by the company’s financial statements. Meanwhile, profits …
Financial Results
Warba Insurance achieved a 79.3% YoY rise in Q1-19 profits
29 July 2019 11:39 AM Warba Insurance’s profits leap 611% in Q2-19
Mubasher: Warba Insurance reported an increase of 611.3% year-on-year (YoY) in profits during the second quarter of 2019. The company posted profits of about KWD 446,500 ($1.47 million) in Q2-19 when compared to nearly KWD 62,770 ($206,410) in …
Financial Results
Warba Insurance’s competitive position has been undergoing a pressure
21 July 2019 02:38 PM S&P affirms Warba Insurance’s rating at 'BBB'
Mubasher: Warba Insurance announced that Standard & Poor's Financial Services (S&P) has affirmed the company’s rating at ‘BBB’, with a ‘Negative’ outlook. S&P kept the company’s rating unchanged due to a decline in revenues, in addition to a …
Ratings
The transaction was supervised by Boursa Kuwait
22 June 2019 08:12 PM Warba Insurance ups stake in Wapmed TPA Services
Mubasher: Warba Insurance has increased its stake in Wapmed TPA Services to 82.57% from 54.57% by buying 1.96 million shares in consideration of KWD 196,000 ($645.67). The transaction was concluded under the supervision of Boursa Kuwait and Kuwait …
Mergers and Acquisitions
Warba Insurance is a Kuwait-based insurer
15 June 2019 05:43 PM Moody’s withdraws Warba Insurance’s IFS rating
Mubasher: Moody’s Investors Service has decided to withdraw its ‘Baa1’ insurance financial strength rating (IFSR) and stable outlook on Warba Insurance Company. The global rating agency stated that the rating withdrawal was for “business reasons”, …
Ratings
Warba ascribed Q1-19 profit growth to a 121.4% surge in net operating profit
6 May 2019 02:13 PM Warba Insurance sees KWD 683,500 profit in Q1
Mubasher: Kuwait’s Warba Insurance reported a 79.3% year-on-year increase in profits during the first quarter of 2019. The company’s profits reached KWD 683,500 ($2.3 million) in Q1-19, compared to KWD 381,200 ($1.3 million) during Q1-18, …
Financial Results
Warba Insurance turned to a profit of about KWD 781,520 in FY18
13 March 2019 11:33 AM Warba Insurance FY18 financials turn profitable
Mubasher: Warba Insurance reported a decline of 6.8% in profits during the fourth quarter of 2018 compared to the prior fiscal year. Earnings decreased to about KWD 372,300 ($1.23 million) in Q4-18 from nearly KWD 399,600 ($1.32 million) in Q4-17, …
Financial Results
Warba Insurance recorded earnings valued at KWD 443,970 in H1
13 August 2018 00:20 PM Warba Insurance Q2, H1 financials turn profitable
Mubasher: Warba Insurance achieved a profit of nearly KWD 62,770 ($207,400) during the second quarter of 2018 against losses worth KWD 3.44 million ($11.4 million) in the same quarter last year. During the first six months of 2018, Warba Insurance …
Financial Results
Warba Insurance said that it sold 100,000 shares in Al Arabia Co for KWD 502,500
9 April 2018 04:17 PM Stake sale in Al Arabia Co meets cost price - Warba Insurance
Mubasher: Kuwait-based Warba Insurance on Monday announced it had completed the sale of its entire stake in Al Arabia Company for Real Estate Development at cost price. Accordingly, the sale transaction did not lead to achieving profits or losses, …
Crimes and Accidents
Warba sold 100,000 shares in Al Arabia Co. for KWD 502,500
8 April 2018 04:41 PM Warba Insurance sells stake in Al Arabia Co. at $1.7m
Mubasher: Warba Insurance on Sunday announced the sale of its entire stake in Al Arabia Company for Real Estate Development. The insurance company sold 100,000 shares in Al Arabia Co. for KWD 502,500 ($1.7 million) to Bukhamseen Holding, according …
Mergers and Acquisitions
Losses from investments have affected FY17 financials
3 April 2018 03:55 PM Warba Insurance Q4 financials turn profitable
Mubasher: Warba Insurance achieved a profit of KWD 2.21 million ($7.4 million) in the fourth quarter of 2017 against loss of KWD 2.77 million ($9.3 million) in the same period a year ago. During fiscal year 2017, the insurance company incurred a …
Financial Results
Total assets slightly decreased by 0.1% to KWD 81.91 million in Q2-17
19 October 2017 09:40 AM Warba Insurance incurs losses in Q2 on lower premiums
Mubasher: Warba Insurance Company has suffered a loss of KWD 3.1 million during the second quarter ended on 30 June 2017, against profits worth KWD 2.2 million in the corresponding period in 2016. The insurance company registered a loss per share …
Financial Results
Warba Insurance registered a decline in underwriting profit
15 June 2017 11:51 AM Warba Insurance Q1 profits shrink 24.3%
Kuwait – Mubasher: Warba Insurance posted a decline of 24.3% in profits during the first quarter of 2017 as compared to the same period a year ago. The profits shrank to KWD 1.12 million ($3.69 million) in Q1-17 from KWD 1.48 million ($4.87 …
Financial Results
Photo Credit: Arabianeye-Reuters
12 April 2017 11:55 AM Warba Insurance stock falls on exit news
Mubasher: The stock of Warba Insurance on Wednesday fell by 3.06% to reach 95 fils by 11:50 am Kuwait time. This decline is considered the lowest level since its listing, following the company’s announcement of selling its entire stake in its …
Stock Evaluations
The company's facebook page
11 April 2017 06:17 PM Warba Insurance exits from Ghazal Logistics
Kuwait – Mubasher: Warba Insurance Company sold its stake in Ghazal Logistics and Warehousing Company at a value of KWD 577,500 ($1.9 million). The sold stake represents around 16.5 million shares, and the financial impact of the transaction will …
Management Decisions
(Photo Credit: Arabianeye-Reuters)
28 March 2017 01:38 PM Kuwait insurance sector profits increase 0.11% in Q4
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 …
Financial Results
Photo Credit: Arabianeye-Reuters
19 March 2017 03:39 PM Warba Insurance suffers losses in Q4
Mubasher: Warba Insurance incurred losses of approximately KWD 609,360 ($2 million) during the fourth quarter of 2016 against profits worth KWD 26,000 ($85,180) in the same period in 2015. During the fiscal year, the company’s earnings shrank …
Financial Results
Net profits for the first nine months of 2016 fell by 45.1% (Photo credit: Warba Insurance)
15 November 2016 03:06 PM Warba Insurance losses for Q3 widen 180%
Kuwait – Mubasher: Warba Insurance’s losses for the third quarter of fiscal 2016 deepened by 180.4% to KWD 1.34 million, compared to KWD 478,840 for Q3-15. Net profits for the first nine months of 2016 fell by 45.1% to KWD 885,600 from KWD 1.61 …
Financial Results
The case will be reviewed by the court on 22 November 2016- (Photo Credit: Arabianeye-Reuters)
18 September 2016 02:51 PM First Takaful files lawsuit against Warba Insurance
Kuwait – Mubasher: First Takaful Insurance Company filed a lawsuit against Warba Insurance, requesting the appointment of a consultant to liquidate the accounts between the two companies. The case will be reviewed by the court on 22 November 2016, …
Law
The upgraded rating relied on Warba’s continuous competitiveness (Photo Credit: Arabianeye-Reuters)
25 August 2016 09:35 AM S&P upgrades Warba Insurance’s credit rating
Kuwait – Mubasher: Standard and Poor’s Financial Services (S&P) has upgraded Warba Insurance’s credit rating to ‘BBB+’ from ‘BBB’, with a ‘Stable’ outlook. The upgraded rating relied on Warba’s continuous competitiveness which is sustainable in …
Ratings
Earnings increased by 6.7% to reach KWD 2.23 million in H1-16 (Photo Credit: Arabianeye-Reuters)
14 August 2016 02:45 PM Warba Insurance Q2 financials turn profitable
Kuwait – Mubasher: Warba Insurance achieved a net profit of about KWD 746,110 ($2.47 million) during the second half of 2016 versus a net loss of around KWD 377,930 ($1.25 million) in the same period a year ago. The positive turn in Q2 financials …
Financial Results
Warba Insurance’s rating could be upgraded (Photo Credit: Arabianeye-Reuters)
5 August 2016 01:46 PM Moody's places ‘Baa1’ rating to Warba Insurance
Mubasher: Moody's Investors Service has assigned on Thursday a ‘Baa1’ insurance financial strength rating (IFSR) to Kuwait-based Warba Insurance Company, with a ’Stable’ outlook, according to a recent report. Moody's rating reflects Warba's strong …
Ratings
Photo credit: Arabianeye - Reuters
22 March 2016 04:07 PM Warba’s shareholders OK 10 fils/share dividends
Kuwait – Mubasher: Warba Insurance Company’s ordinary general meeting (OGM) approved on Tuesday unchanged cash dividends at 10% of the share’s par value, equivalent 10 fils per share, for the fiscal year 2015. Warba is capitalised at KWD 17.28 …
Cash Dividends