Kuwait Ins. Company: profits at KWD 8.7 m in 9m
Tuesday, 11 12 2019, Category: Insurance and Reinsurance, Country: Kuwait
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 ($5.11 million) in the same period last year.
The insurance firm achieved KWD 8.7 million in profits during the first nine months of the year, compared with KWD 7.7 million in the same period in 2018, increasing by 13% year-on-year (YoY).