Kuwait Insurance Company SAKP operates in the Fire, marine, and casualty insurance sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Kuwait Insurance Company SAKP with three other
insurance companies in Middle East:
Methaq Takaful Insurance Company
of United Arab Emirates
(2017
sales of 327.76 million Arab Emirates Dirhams [US$89.23 million]
of which 86%
was Motor),
Allied Cooperative Insurance Group
of Saudi Arabia
(376.60 million Saudi Riyals [US$100.43 million]
), and
Wataniya Insurance Company
which is
also
based in Saudi Arabia
(384.81 million Saudi Riyals [US$102.62 million]
).
Sales Analysis.
Kuwait Insurance Company SAKP reported sales of 29.44 million Kuwaiti Dinars (US$97.16 million)
for the
year ending
December of 2017.
This
represents
an
increase of 4.9%
versus 2016, when the company's sales were 28.06 million Kuwaiti Dinars .
Sales of Unallocated Items saw an increase
that was more than double the company's growth rate: sales were up
31.7% in 2017, from
4.12 million Kuwaiti Dinars to 5.42 million Kuwaiti Dinars .
Kuwait Insurance Company SAKP also saw significant increases in sales in
Life (up 6.4% to 5.83 million Kuwaiti Dinars )
.
Not all segments of Kuwait Insurance Company SAKP experienced an increase in sales in 2017:
sales of Marine and Aviation fell 7.7% to 1.13 million Kuwaiti Dinars .
(However, this segment's sales were only a very small portion of the company's overall sales).
Kuwait Insurance Company SAKP also experienced decreases in sales in
General Accident (down 1.0% to 15.41 million Kuwaiti Dinars )
and
Fire (down 1.9% to 1.45 million Kuwaiti Dinars )
.