Kuwait Insurance Company Reports KWD 5.4 Million Total Profit for the First Half of 2026

Kuwait Insurance Company announced its results for the first half of the current year, reporting a total profit of 5.4 million Kuwaiti dinars. This performance followed the company’s strengthening of its financial reserves to meet any future insurance liabilities, reaffirming its commitment to this established approach since its inception.

Included in the total profit was investment sales revenue amounting to 1.6 million dinars, which was recognized in periodic profits. The net profit for the period reached 3.7 million dinars, representing a profit per share of 15.76 fils. It is worth noting that the earnings per share for the 2025 and 2026 periods were adjusted following the increase in the company’s capital to 25 million dinars.

Total underwritten premiums for the period amounted to 31.5 million dinars, while insurance revenues reached 28.3 million dinars. Total investment profits for the period stood at 6 million dinars.

Sami Sharif, the company’s Chief Executive Officer, stated that the company adopts a conservative and balanced approach in managing its operations. He highlighted the company’s success in achieving periodic profits of 81 million dinars, reflecting the strength, robustness, and stability of its financial position.

Sharif added that, alongside achieving growth in profits and premiums, the company has maintained its distinguished credit ratings from the two global rating agencies, AM Best and Moody’s, at A- and A3 respectively, with a stable outlook. He expressed pride in the company’s continued receipt of these high ratings, viewing them as clear indicators of its advanced position and leadership in the insurance services sector at both the local and regional levels.

On another note, Sharif noted that the company is making progress in its digital transformation project, working to develop its operational system into a fully integrated digital platform encompassing all internal and external processes in the near future.

In line with its social responsibility principles, Kuwait Insurance Company organized a blood donation campaign in conjunction with World Blood Donor Day, under the slogan “A Drop of Blood Makes a Difference,” for its employees, in collaboration with the Central Blood Bank. The initiative aimed to support the strategic blood reserve and contribute to saving patients’ lives.

Kuwait Insurance Company also seeks to invest in its workforce and develop their capabilities by providing training and educational programs. These initiatives aim to enhance their skills in delivering insurance services to institutions, individuals, and stakeholders, thereby serving the interests of society and the State of Kuwait.

Sharif concluded by stating that the company continues to look forward to achieving more in the coming period. He took this opportunity to thank everyone who contributed to achieving the company’s goals, including board members, shareholders, and employees. He also expressed his sincere gratitude and appreciation to the Insurance Control Unit for its active role in enhancing the insurance business environment and consolidating principles of transparency and discipline in the market. He commended its ongoing efforts to support sector stability and improve efficiency, contributing to the sustainable growth of the industry.