BKIC News

18 APR
gig
09/07/2018

A.M. Best affirms credit rating of A- (Excellent) with stable outlook of Bahrain Kuwait Insurance Company B.S.C. (gig-Bahrain)

After the periodic review of the company’s business performance, A.M. Best International affirmed the financial strength rating A- (Excellent) and the long-term issuer credit rating of “a-“ of Bahrain Kuwait Insurance Company B.S.C. (gig-Bahrain), and the outlook for both ratings is stable. In their press release, A.M. Best has confirmed that the rating reflects gig-Bahrain’s strong balance sheet strength, the strong operating performance as well as an appropriate enterprise risk management.

18 APR
gig
22/02/2018

BKIC Achieves BD 2.6 Million Net Profit in 2017 Board of Directors Recommends 25% Cash Dividend And 100% Bonus shares

The Board of Directors of Bahrain Kuwait Insurance Company (BKIC) in its meeting on Wednesday 21st Feb’2018 approved the financial results for the year ended 31 December 2017 and decided to propose 25% of paid-up Capital (7,150,000) cash dividend equivalent to 25 fils per share, in addition to 100% bonus shares as announced earlier. The BOD also decided to increase the authorized capital from BD 10 million to BD 20 million.

18 APR
gig
16/08/2017

BKIC achieves a Net Profit of BD 1.14 million in the 1st half of 2017

Bahrain Kuwait Insurance Company’s Board has approved the financial results of the company for the period ended 30 June 2017 in its meeting held on Thursday, 10 August 2017. It should be noted that the consolidated financial statements include the financial statements of Takaful International “subsidiary”, the first Islamic insurance company in the Kingdom of Bahrain and the third largest in terms of gross premiums. In the first half of this year, Bahrain Kuwait Insurance acquired 26.35% of Takaful Intern...

18 APR
gig
17/05/2017

BKIC records a net profit of BD 504,000 in 1st Qtr. of 2017 and 7% growth in Gross Premium

Bahrain Kuwait Insurance Company Board approved the financial results of the company for the period ended 31st March 2017 in its meeting held on Thursday, 11th May 2017. The Board informed that the company registered a Net Profit of BD 503,845 in the first quarter of this year compared to BD 967,712 in the first quarter of last year. The reduction was mainly due to the increased claims in fire, medical and marine insurances in Bahrain and Kuwait and also due to the increase in unearned premium reserves...

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