BKIC discloses its financial results for the year ended 31 December 2021

BKIC discloses its financial results for the year ended 31 December 2021

Bahrain Kuwait Insurance Company B.S.C. (BKIC) announces its consolidated financial results for the financial year ended 31″ December 2021 as follows: The consolidated results for the last three months ending 31″ December 2021 registered a net profit attributable to the shareholders of BD 0.904 mio compared to a net profit of BD 0.729 mio during the same period of the previous year, reflecting a 24% increase. Earnings per share during the 4thquarter was 6 fils compared to 5 fils in the same period of the previous year. The total comprehensive income attributable to shareholders reduced by 32% from BD 1.325 mio in 4thquarter 2020 to BD 0.902 mio in the same period of the current year as we had favorable changes fair value of AFS bonds during 4th Quarter of 2020. The gross premium revenue increased by 2 % from BD 29.254 mio in the 4thquarter of 2020 to BD 29.708 mio in the same period of the current year. The underwriting profit increased by 59%, from BD 0.910 mio in 2020 to BD 1.442 mio in the 4thquarter of current year. The net investment income increased by 68%, from BD 0.211 mio in the 4thquarter of the previous year