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Warba Insurance And Reinsurance Company K.S.C.P (Kuwait)

Main Activities: Direct Life, Health, and Medical Insurance Carriers | Direct Insurance (except Life, Health, and Medical) Carriers
Full name: Warba Insurance And Reinsurance Company K.S.C.P Profile Updated: March 12, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2022 Available in: English Download a sample report

Warba Insurance is a Kuwaiti insurance company headquartered in Sharq in Kuwait. It was incorporated in 1976 and it has been listed in Kuwait stock exchange since 1984. The company provides all types of insurance services including life insurance, medical insurance, marine insurance, motor insurance, machinery insurance, etc. The company also deals with undertaking investment operations that are consistent with its comply policy.

Headquarters
Warba Tower, Ahmad Al Jaber Str, Al Abdul Razzak Square, Opposite To The Banking Complex, P.O Box 24282 Safat
Kuwait City; Al-Asimah / Capital Governorate; Postal Code: 13103

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Website: http://www.warbaonline.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:
October 24, 1976
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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61.12%
Subsidiaries
Wapmed Tpa Services Company K.S.C.C
82.57%
Company Performance
Financial values in the chart are available after Warba Insurance And 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
14.93%
Operating profit (EBIT)
183.35%
Net Profit (Loss) for the Period
129.99%
Total assets
-18.27%
Investments
1.86%
Total equity
-14.04%
Net Premiums Earned Trend
-5.07%
Net Profit Trend
N/A
Return on Equity (ROE)
5.52%
Loss Ratio
40.42%
Underwriting Expenses Ratio
26.21%

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