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Kuwait Reinsurance Company K.S.C.P (Kuwait)

Main Activities: Reinsurance Carriers
Full name: Kuwait Reinsurance Company K.S.C.P Profile Updated: March 12, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Kuwait Reinsurance Company K.S.C.P, located in Kuwait City, is a leading provider of reinsurance services. They serve insurance companies worldwide by offering reliable and tailored risk transfer solutions across various industries. The company operates with fairness, transparency, and reliability, working closely with clients to control and utilize risk for growth and expansion. Kuwait Re has offices in Kuwait and Malaysia and aims to become a preferred reinsurer. Their mission is to consistently strengthen their financial position and create value for shareholders. The company has a strategic plan in place to improve the quality of reinsurance contracts and operating income. They have a good geographical diversification, with operations in the Middle East and North Africa, Asia-Pacific, and Central and Eastern Europe. Kuwait Re also focuses on enhancing enterprise risk management, internal controls, utilizing data and advanced information systems for business decisions, and investing in human capital.

Headquarters
Sharq, Al Shuhada'A Street, Kuwait Reinsurance Tower, 8Th, 9Th 13Th Floor, P.O. Box 21929
Kuwait City; Al-Asimah / Capital Governorate; Postal Code: 13080

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Website: http://www.kuwaitre.com

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
1972
Key Executives
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Chairperson
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Vice Chairperson
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
Ownership Details
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5.1%
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Company Performance
Financial values in the chart are available after Kuwait Reinsurance Company K.S.C.P report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency KWD. Absolute financial data is included in the purchased report.
Net insurance premium revenue
45.3%
Operating profit (EBIT)
93.84%
Net Profit (Loss) for the Period
30.94%
Total assets
23.58%
Investments
16.79%
Receivables
-97.33%
Total equity
13.07%
Net Premiums Earned Trend
N/A
Net Profit Trend
-0.02%
Return on Equity (ROE)
1.85%
Loss Ratio
2.88%
Underwriting Expenses Ratio
-0.36%

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