Mubasher: Bahrain Kuwait Insurance Company has announced its financial results for the period ended 30 June 2019.
Net profits attributable to shareholders rose by 97% to BHD 1.3 million ($3.44 million) in the second quarter of 2019, compared to BHD 649,000 ($1.72 million) in Q2-18, Bahrain Bourse disclosed on Thursday.
The improvement in underwriting profits as well as the increase in the investment net income have both contributed to the quarterly profit increase.
In the first half of 2019, the company’s profits leapt by 22% to BHD 2.1 million ($5.5 million), compared to BHD 1.7 million ($4.50 million) in H1-18.
The company’s consolidated results of the first half of 2019 were encouraging, compared to Q1-19 results, the company’s CEO, Ebrahim Al Rayes noted.
It is worth mentioning that Bahrain Kuwait Insurance is a dual-listed company on Bahrain Bourse (BHB) and Boursa Kuwait.
