Kuwait Re Reports 29% Surge in Net Profit Driven by Strong Investment Income
Kuwait Re Reports 29% Surge in Net Profit Driven by Strong Investment Income

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Kuwait Re reported a 29% increase in net profit, reaching KWD 9.5 million (approximately $31 million) for the first nine months of the year, primarily driven by a significant rise in investment income. The investment income surged to KWD 7 million, marking a 49% year-over-year growth, thanks to higher interest income and gains in the fair value of financial assets. Despite a 13% increase in reinsurance revenue, underwriting results showed a slight decline of 1.43%. The company’s total equity also rose by 14.33%, reflecting strong financial performance.

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