Kuwait Reinsurance Company (Kuwait Re) reported a net profit of 9.5 million Kuwaiti dinars (approximately $29 million USD) for the first half of 2025, marking a 38.4% increase compared to 6.8 million dinars ($21 million USD) during the same period in 2024.

Key Financial Highlights:

• Earnings Per Share (EPS):

  • H1 2025: 30.68 fils

  • H1 2024: 22.29 fils

  • Growth: 38.4%

Performance Drivers:
The company attributed its improved financial performance to:

1. Increased insurance revenues

2. Higher net investment income

3. Foreign exchange gains

Corporate Background:

• Established: 1972

• Listed on Kuwait Stock Exchange: 2004

• Authorized Capital: 50 million KWD (~$152.5 million USD)

• Business Scope: All types of reinsurance and investment activities

Disclosure Details:
The financial results were published in a disclosure filed on the Kuwait Stock Exchange's website on Thursday.

Currency Conversion Notes:

• USD equivalents calculated at ~3.05 USD/KWD exchange rate

• All fils values maintained with two-decimal precision