Kuwait Insurance Co S.A.K. (KINS`R)

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News

13 June 2021 07:49 PM Kuwait Insurance to start EGP 100m life insurance firm in Egypt

Mubasher: The board of Kuwait Insurance has approved establishing a new life insurance company in Egypt with a capital of EGP 100 million (KWD 1.9 million). The new company will be subject to all regulatory and market authorities in Egypt and …

Companies Investments

24 December 2019 03:26 PM Moody's affirms Kuwait Investment’s ratings; Outlook stable

Mubasher: Moody's Investors Service has affirmed the credit ratings of Kuwait Investment at ‘Bb2’, with a stable outlook, according to a bourse statement released on Tuesday. The ratings reflected the company’s profitable work model and ability to …

Ratings

11 November 2019 05:11 PM Kuwait Insurance profits down 50% in Q3

Mubasher: 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 …

Financial Results

5 August 2019 09:00 AM Kuwait Insurance Q2 profits hike 74%

Mubasher: Kuwait Insurance, listed on Boursa Kuwait, reported a 73.5% year-on-year growth in profits for the second quarter of 2019. Profits totaled KWD 2.03 million ($6.68 million) in Q2-19, versus KWD 1.17 million ($3.85 million), according to a …

Financial Results

13 May 2019 11:26 AM Kuwait Insurance’s profit grows 18.5% in Q1

Mubasher: Kuwait Insurance reported an 18.5% year-on-year jump in profits during the first quarter of 2019. The company’s profits amounted to KWD 5.9 million ($19.46 million) in Q1-19, up from KWD 4.98 million ($16.43 million) during Q1-18, …

Financial Results

1 April 2019 10:01 AM Kuwait Insurance to pay KWD 5m dividends for FY18

Mubasher: The ordinary general meeting (OGM) of Kuwait Insurance approved the board’s recommendation of distributing 25% of the par value of shares as cash dividend for fiscal year 2018, after excluding treasury shares. Kuwait Insurance will pay …

Board of Directors

13 February 2019 03:56 PM Kuwait Insurance records KWD 9m profits in FY18; dividends proposed

Mubasher: Kuwait Insurance achieved an increase of 10.7% in profits during fiscal year 2018 compared to the previous year. Earnings grew to KWD 8.97 million ($29.6 million) in FY18 from KWD 8.1 million ($26.7 million) in the prior year, according …

Cash Dividends

9 August 2018 11:21 AM Kuwait Insurance Q2 profits drop 41%

Mubasher: Kuwait Insurance reported a decline of 40.9% in profits during the second quarter of 2018 compared to the same period a year ago. Earnings shrank to KWD 1.17 million ($3.87 million) in Q2-18 from KWD 1.98 million ($6.55 million) in …

Financial Results

9 May 2018 03:55 PM Kuwait Insurance Q1 profits grow 9.7%

Mubasher: Kuwait Insurance achieved an increase of 9.7% in profits during the first quarter of 2018 compared to the same period in the prior year. Earnings grew to KWD 4.98 million ($16.54 million) in Q1-18 from KWD 4.54 million ($15.08 million) …

Financial Results

14 March 2018 03:38 PM Kuwait Insurance nods to 25 fils/shr dividends for FY17

Mubasher: The ordinary general meeting (OGM) of Kuwait Insurance approved the board’s recommendation to distribute 25% of capital as a cash dividend for fiscal year 2017. The insurance services provider plans to pay 25 fils per share as dividends …

General Assembly

15 February 2018 03:23 PM Kuwait Insurance turns profitable in FY17; dividends proposed

Mubasher: Kuwait Insurance achieved a leap of 506% in profits during the fourth quarter of 2017 compared to the corresponding period in 2016. Earnings surged to KWD 866,000 ($2.9 million) in Q4-17 from nearly KWD 142,900 ($477,500) in Q4-16, …

Board of Directors

9 August 2017 05:00 PM Kuwait Insurance Q2 financials turn profitable

Mubasher: Kuwait Insurance achieved a profit of KWD 2.02 million ($6.68 million) in the second quarter of 2017 against a loss of KWD 4.53 million ($14.98 million) in the same period a year ago. During the first six months of 2017, the company …

Financial Results

11 May 2017 01:58 PM Kuwait Insurance Q1 profits up 28.6%

Kuwait – Mubasher: Kuwait Insurance recorded a growth of 28.6% in profits in the first quarter of 2017 compared to the same period in 2016. The earnings increased to KWD 4.5 million ($14.7 million) in Q1-17 from KWD 3.5 million ($11.5 million) in …

Financial Results

9 March 2017 10:52 AM Kuwait Insurance to discuss dividends late March

Mubasher: Kuwait Insurance will hold its ordinary general meeting (OGM) on 27 March to overview the board’s recommendation of distributing 20% of the capital or 20 fils per share, according to a bourse statement issued on Thursday. The …

Corporate Actions

14 February 2017 03:36 PM Kuwait Insurance Q4 profits fall 78.3%

Mubasher: Kuwait Insurance posted a decline of 78.3% in profits during the fourth quarter of 2016 as compared to the same period of 2015. The company posted about KWD 142,930 ($467,090) worth profits in Q4-16, compared with around KWD 660,000 …

Financial Results

26 January 2017 03:26 PM Moody’s affirms Kuwait Insurance’s credit rating

Mubasher: Moody’s Investors Service has affirmed the credit rating of Kuwait Insurance at ‘A3’, with a ‘Stable’ Outlook, according to a bourse statement issued on Thursday. This rating reflects the company’s solid financial position in the local …

Ratings

10 November 2016 03:08 PM Kuwait Insurance profits down 839 % in Q3

 Kuwait – Mubasher: Kuwait Insurance Company reported a profit decline by 39.2% in the third quarter of this 2016, compared to the same period of the previous year Profits reached KWD 288,800 ($952,920), versus KWD 474,580 ($1.57 million) last …

Financial Results

11 August 2016 03:06 PM Kuwait Insurance turns to losses in Q2

Kuwait-Mubasher: Kuwait Insurance achieved KWD 4.49 million ($14.86 million) losses in the second quarter of 2016 versus KWD 1 million ($3.31 million) profits in the year-ago period. The losses achieved in Q2 were attributed to unrealized losses …

Financial Results

11 May 2016 02:53 PM Kuwait Insurance posts lower profits in Q1

Kuwait-Mubasher: Kuwait Insurance registered a 2.5% decline in profits for the first quarter as compared to the same period in 2015, the company said in a bourse statement. The Q1-16 earnings decreased to KWD 3.46 million ($11.47 million), down …

Financial Results

30 March 2016 00:21 PM Kuwait Insurance shareholders vote for 20% dividends

By: Ahmad Awad Kuwait-Mubasher: Kuwait Insurance’s ordinary general meeting agreed on distributing the 20% cash dividends recommended by the board for the fiscal year 2015. The Kuwait-listed company will pay 20 fils per share to shareholders. …

General Assembly

17 February 2016 01:30 PM Kuwait Insurance accepts resignation of CEO Al Bahar

Kuwait-Mubasher: The board of Kuwait Insurance has accepted the resignation of its CEO Ali Hamad Al Bahar, according to a bourse statement. It added that the resignation will be effective as of the beginning of April, 2016. The statement noted …

Management Decisions

11 November 2015 01:32 PM Kuwait Insurance posts 1.6% growth in 9M profits

Kuwait-Mubasher: Kuwait Insurance said Wednesday it recorded a rise of 1.6% to KWD 5.03 million ($16.52 million) in earnings of the first nine months, compared to KWD 4.95 million ($16.26 million) in the same period of 2014. First-half profits …

Financial Results

30 August 2015 04:03 PM Kuwait puts retiree insurance out to tender

The Kuwait’s central tenders committee has launched a tender to provide health insurance to retired citizens, in accordance with law No. 114 of the Ministry of Health in 2014. Seven companies accepted the government invitation, including Al Ahleia …

General News

22 August 2015 11:15 AM Moody's upgrades Kuwait Insurance to A3 IFS rating, Stable outlook

Moody's Investors Service on Friday upgraded to A3 from Baa1 the insurance financial strength rating (IFSR) of Kuwait Insurance Company S.A.K. (KIC). The rating carries a stable outlook. According to Moody’s, the rating upgrade reflects the …

Company News

11 August 2015 01:50 PM Kuwait Insurance H1 profit rises on stronger operations

Kuwait – Mubasher: Kuwait Insurance Co. posted 31.4% growth in net profit for the first half of 2015 to KWD 4.56 million ($15.05 million), up from KWD 3.47 million ($11.43 million) in the year-ago period. The Kuwait-listed insurer ascribed the …

Financial Results