Kuwait Insurance posts KD 3.8 million profits for 2010

13/03/2011 00:00 AST

Kuwait Insurance Company posted KD 3.8 million profits for 2010, compared with KD 6.2 million losses the previous year, the company Chairman Mohammed Behbehani said Sunday.

Addressing the general assembly of the company's shareholders, Behbehani said shareholders' contribution to the company's assets rose to KD 53.2 million, against KD 38.5 million. The assembly recommended the distribution of 20 percent cash dividends on shareholders, 20 fils per share, Behbehani announced.

The company's premiums went up to KD 30.4 million, vise-a-vise KD 29.5 million, he said. The KIC has also maintained its position at the top of the local market despite the increase of rival companies. The company's investment activities also recorded profits in 2010 estimated at KD 1.4 million, vise-a-vise KD 12.9 million-losses a year earlier. KIC is the largest and oldest insurance company in Kuwait as it was established in 1960.


KUNA

News

Kuwait Insurance Company net profit KWD 4.2 million in 2013

08/04/2014

Kuwait state news agency KUNA reports that Kuwait Insurance Company posted KWD 4.2 million in net profits for 2013 compared with KWD 3.9 million for 2012.

In a statement approved by the co

KUNA

Capital Standards Rating assigns A- to Kuwait Insurance

19/07/2011

Capital Standards Rating (CSR) has assigned an Insurer Financial Strength Rating (IFSR) of "A-" and a national scale rating of "AA-kw" to Kuwait Insurance Company (KIC), the outlook is stable

CPI Financial

Moody's assigns Baa1 IFS rating to Kuwait based KIC

01/12/2010

Moody's Investors Service has today assigned a Baa1 insurance financial strength rating (IFSR) to Kuwait Insurance Company ("KIC"), based in Kuwait. The rating outlook is stable.

Ratings

AME Info

Most Viewed Companies

Ticker Price Volume

Valuation

KINS Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
BUPAARABIA 155.00 -1.70 (-1.09%)
TAWUNIYA 88.50 -1.50 (-1.67%)
RASAN 144.30 -2.70 (-1.84%)
QATI 1.97 0.07 (3.68%)
ALRAJHITAKAFUL 52.55 -1.45 (-2.69%)

Recent News

APM Terminals Bahrain onboards first cohort of MARSA interns

21/09/2026

APM Terminals Bahrain, operator of Khalifa Bin Salman Port, has welcomed its inaugural cohort of Bahraini students and fresh graduates under its newly launched MARSA Internship Programme.

Th

GDN Online

Gulf Bank marks World Cleanup Day with Blajat beach cleanup campaign

21/09/2026

In line with its commitment to environmental sustainability and community engagement, Gulf Bank organized a beach cleanup campaign at Blajat Beach in collaboration with the Touristic Enterprises Comp

Kuwait Times

AlRayan Investment advises Baladna on its landmark rights issue

21/09/2026

AlRayan Investment (ARI) has announced the successful completion of the landmark rights issue of Baladna, one of the largest capital increases on the Qatar Stock Exchange (QSE) in the last few years.

Gulf Times

OQ deepens Oman-Angola energy ties during Royal visit with strategic cooperation memoranda

21/09/2026

OQ, Oman's global energy investment group, has signed two memoranda of cooperation to explore opportunities for collaboration across a range of energy and industrial sectors, strengthening economic a

Gulfnews

talabat appoints new Chief Marketing Officer

21/09/2026

talabat, MENA's leading everyday app, has appointed Selin Suzer as Chief Marketing Officer.

Suzer joins talabat from within the Delivery Hero group, where she was serving as Chief Marketing

Trade Arabia

logo

Financial Information Co.

Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2025, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap