Kuwait Insurance Company has announced KD 4.9 million in net profits for the first nine months of this year compared to KD 3.9 million in the same period of 2013.
Shareholders’ equity hit KD 62 million in the nine months that elapsed in September 2014 against KD 52.5 million in the same period last year, the company said in an online statement here on Sunday.
The company’s total assets amounted to 167.3 million against provisions worth KD 105.2 million in the first nine months of 2014 compared to KD 78.5 million’s worth of provisions in the same period last year, it added.
Established in 1960, the Kuwait Insurance Company (KIC) was registered with the Kuwait Stock Exchange (KSE) in 1984 with a paid-up capital of KD 19.4 million. It is active in all types of insurance and investment in capital and assets.
Source : KUNA Kuwait News agency
