Kuwait Stock Exchange data reported today, Sunday, that Al-Ahlia Insurance Company achieved an increase in its profits by 76.7% on an annual basis in the third quarter of 2023, thanks to its employees.
Al-Ahlia Insurance Company’s profits jump by 76.7% annually in the third quarter of 2023
The company recorded profits amounting to 5.8 million dinars during the three months ending last September 30, compared to 3.28 million dinars in the third quarter of 2022.
Al-Ahlia Insurance’s profits in the first nine months of the current year amounted to 15.24 million dinars, compared to 12.12 million dinars in the same period of the previous year, an increase of 25.7%.
This is due to the increase in technical profits and returns generated from investment. The company’s total operating revenues reached 35.53 million dinars in the third quarter of the current year, a growth of 35.9% on an annual basis, and its value in the first nine months of the year reached 104.33 million dinars, an increase of 23.8%. .
Al Ahlia also achieved a profit of 9.43 million dinars in the first half of 2023, compared to 8.84 million dinars in the first six months of the previous year, an increase of 6.7%.
