Kuwait Re’s net profit increased 39% to $31m in H1’25

Kuwait Reinsurance Company (Kuwait Re) reported a net profit of $31.07 million (KWD 9,517,762) for the first half of 2025, marking a 39% increase from $22.41 million (KWD 6,876,348) in the same period last year.

The company attributed the growth to a 15% increase in gross written premiums and a 31% rise in investment income, reflecting a balanced and positive performance.

Gross written premiums totalled $249.42 million, up from $216.35 million.

Investment income reached $21.51 million, compared to $16.38 million a year earlier.

The insurance service result rose 11% to $14.02 million, up from $12.68 million.

Kuwait Re reported a combined ratio of 91.21% for H1’25, compared to 90.53% in H1’24.

Total assets stood at approximately $831.65 million, a 21.8% increase from $682.74 million.

Total operating revenue increased 16.1% to $162.83 million, up from $140.25 million. Net operating profit increased 38.5% to $32.53 million, compared to $23.49 million.

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