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

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News

17 May 2020 10:18 AM AM Best affirms Kuwait Reinsurance credit rating at “A-“

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 …

Ratings

6 November 2019 05:50 PM Kuwait Reinsurance profits up 5% in Q3

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 …

Company News

9 May 2019 00:29 PM Kuwait Reinsurance’s profit jumps 61% in Q1

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, …

Financial Results

9 April 2019 04:05 PM Kuwait Reinsurance OKs 5 fils/shr dividends for FY18

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 …

Board of Directors

14 February 2019 00:44 PM Kuwait Reinsurance FY18 profits grow 10%; dividends proposed

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 …

Financial Results

2 August 2018 03:04 PM Kuwait Reinsurance H1 profits up to KWD 2m

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, …

Financial Results

3 May 2018 11:08 AM Kuwait Reinsurance Q1 profits surge 21%

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 …

Companies Investments

30 April 2018 02:18 PM AM Best affirms Kuwait Reinsurance rating at "A-"

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 …

Ratings

4 April 2018 04:14 PM Kuwait Reinsurance nods to 10% bonus shares for FY17

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 …

Board of Directors

15 February 2018 10:15 AM Kuwait Reinsurance FY17 profits grow 57%; bonus proposed

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 …

Board of Directors

11 May 2017 08:19 AM Kuwait Reinsurance profits down in Q1

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 …

Financial Results

19 April 2017 03:34 PM Kuwait Reinsurance nods to 8% bonus

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 …

Corporate Actions

3 April 2017 11:31 AM Kuwait Reinsurance to discuss bonus mid-April

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 …

Event

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

16 February 2017 10:29 AM Kuwait Reinsurance Q4 profits grow 29.3%

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 …

Financial Results

7 February 2017 09:13 AM A.M. Best Rating affirms Kuwait Reinsurance ratings

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 …

Ratings

9 November 2016 03:50 PM Kuwait Reinsurance posts losses in Q3

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 …

Financial Results

9 November 2016 10:25 AM Four Kuwaiti firms to discuss financials Wednesday

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 …

Financial Results

1 November 2016 09:11 AM Kuwait Reinsurance to disclose financials early November

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 …

Event

3 August 2016 03:56 PM Kuwait Reinsurance profits down 74%

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 …

Financial Results

4 May 2016 05:26 PM Kuwait Reinsurance’s Q1 profits grow 26.82%

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 …

Financial Results

13 April 2016 02:24 PM Kuwait Reinsurance wins $0.9m verdict against Al Mal

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 …

Law

12 April 2016 01:48 PM Kuwait Reinsurance to pay 10% dividends for FY15

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 …

Corporate Actions

18 February 2016 09:25 AM Kuwait Reinsurance turns profitable in fourth quarter

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 …

Financial Results

3 November 2015 02:36 PM Kuwait Reinsurance 9M profits soar to $6.17m

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 …

Financial Results