BKIC discloses its financial results for the half year ended 30th June 2021

BKIC discloses its financial results for the half year ended 30th June 2021

Bahrain Kuwait Insurance Company B.S.C. (trading code in Bahrain Bourse “BKIC.BH” and in Boursa Kuwait “BKIKWT”) has announced its consolidated financial results for the half year ended 30thJune 2021. The consolidated financial results for the three months ended 30 June 2021 presented a net profit attributable to the shareholders of BD 1.485 million compared to BD 1.448 million of the same period last year, representing an increase of 3%. Earnings per share during the 2″d quarter of current year were 10 fils same as of in the 2nd quarter of last year. The total comprehensive income attributable to the shareholders reached BD 1.783 million in 02-2021 compared to BD 2.955 million in 02-2020, registering a decrease of 40% as fair value of available for sale investments which had a significant recovery in Q2-2020 post impact of COVID-19 market reaction. The company achieved 19.4% growth in gross premium revenue from BD 17.044 million in the 2 ndquarter of last year to BD 20.302 million in the 2nd quarter of current year. The underwriting profits increased by 47%, from BD 1.141 million in the 2nd quarter of last year to BD 1.677 million in the 2 ndquarter of current year. The net