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:
Al Ain Ahlia Insurance Co PSC
of United Arab Emirates
(2016
sales of 366.77 million Arab Emirates Dirhams [US$99.86 million]
),
Wataniya Insurance Company
of Saudi Arabia
(338.15 million Saudi Riyals [US$90.17 million]
), and
Arabia Insurance Cooperative Company
which is
also
based in Saudi Arabia
(369.16 million Saudi Riyals [US$98.44 million]
of which 54%
was Vehicles).
Sales Analysis.
Kuwait Insurance Company SAKP reported sales of 28.06 million Kuwaiti Dinars (US$92.91 million)
for the
year ending
December of 2016.
This
represents
a
decrease of 0.8%
versus 2015, when the company's sales were 28.27 million Kuwaiti Dinars .
Contributing to the drop in overall sales was the 34.8% decline
in Takaful, from 292,223.00 Kuwaiti Dinars to 190,626.00 Kuwaiti Dinars .
There were also decreases in sales in
General Accident (down 2.9% to 15.57 million Kuwaiti Dinars )
and
Life (down 0.9% to 5.48 million Kuwaiti Dinars )
.
However, these declines were partially offset by the increase in sales of
Fire (up 12.2% to 1.48 million Kuwaiti Dinars )
and
Marine and Aviation (up 2.1% to 1.23 million Kuwaiti Dinars )
and
Unallocated Items (up 5.3% to 4.12 million Kuwaiti Dinars )
.