Kuwait Insurance Company announced Thursdsay a net profit of KD 42 million (USD 172.2 million) in 2022, compared with KD 11.4 million (USD 34.5 million) in 2021, an increase of 268.16 percent.
In a disclosure posted on Boursa Kuwait’s website, the company said earnings per share amounted to 227.7 fils in 2022 compared with 61.8 fils in 2021, a rise of 268.15 percent, the company’s Board of Directors recommended a cash dividend of 40 fils per share, according to the company discloser.
Kuwait Insurance Company was established in 1960 and listed on the stock exchange in 1984 with an authorized capital of KD 19.4 million (around USD 58.7 million).
Kuwait Insurance Company carries out insurance business by collecting and investing capital, movable and immovable assets in the manner decided by the Board of Directors.
Source: Kuwait News Agency