Yesser Bahraini Kuwait Insurance Company B.S.C. (Its trading symbol on the Bahrain Stock Exchange: BKIC and on the Kuwait Stock Exchange: BK Insurance) announces its consolidated financial results for the nine-month period ending on September 30, 2025.
Financial results for the three months ending September 30, 2025 (third quarter of 2025)
In the third quarter of the current year, the company was able to achieve a net profit attributable to the company’s shareholders amounting to 1,146 million Bahraini dinars, compared to 1,064 million Bahraini dinars for the same period of the previous year, an increase of 8%. Earnings per share for the current three-month period amounted to 8 fils, compared to 7 fils for the same period of the previous year, an increase of 14.3%. The total comprehensive income attributable to the company’s shareholders during the third quarter of the current year amounted to 1,872 million Bahraini dinars, compared to 2,177 million Bahraini dinars for the same period of the previous year, a decrease of 14%. This increase is due to the increase in fair value returns on investments recorded in the third quarter of the previous year.
Insurance revenues also increased by 4%, from 29,249 million Bahraini dinars in the third quarter of the previous year to 30,351 million Bahraini dinars in the third quarter of the current year. The results of insurance services also increased by 75%, from 0.404 million Bahraini dinars in the third quarter of the previous year to 0.708 million Bahraini dinars in the third quarter of the current year, as this reflects the strength and efficiency of the company’s core business. Furthermore, net investment income increased significantly by 41%, from BD 0.920 million in the third quarter of the previous year to BD 1.294 million in the third quarter of the current year.
Financial results for the nine months ending September 30, 2025
As for the consolidated financial results for the nine-month period ending on September 30, 2025, the company was able to achieve a net profit attributable to the company’s shareholders amounting to 3,831 million Bahraini dinars, compared to 4,002 million Bahraini dinars at the end of the period of the previous year, a decrease of 4%, as a result of the application of the additional minimum tax of 15% for the first time. While the company recorded an increase in profit attributable to shareholders before tax by 7%, which reflects the growth in the performance of its main business. Earnings per share for the current period amounted to 26 fils, compared to 27 fils for the nine-month period of the previous year. The total comprehensive income attributable to the company’s shareholders during the first nine months of the current year amounted to 4,481 million Bahraini dinars, compared to 4,420 million Bahraini dinars during the first nine months of the previous year, an increase of 1.4%.
As for insurance revenues, the company achieved 86.102 million Bahraini dinars during the first nine months of the current year, compared to 85.907 million Bahraini dinars for the same period of the previous year, which represents an increase of 0.2%. Insurance services results also increased by 5%, from 2,608 million Bahraini dinars in the third quarter of the previous year to 2,733 million Bahraini dinars in the third quarter of the current year. Net investment income also recorded an increase of 30%, from 3,415 million Bahraini dinars at the end of the nine-month period of the previous year to 4,436 million Bahraini dinars at the end of the same period of the current year, which contributed positively to enhancing the company’s results.
The equity attributable to the company’s shareholders amounted to 45,428 million Bahraini dinars as of September 30, 2025, compared to 44,901 million Bahraini dinars at the end of the previous year, an increase of 1%. This increase is due to the improvement in underwriting and investment results despite the distribution of annual cash dividends to shareholders.
The company’s total assets at the end of the first nine months of the current year amounted to 180,989 million Bahraini dinars, compared to 186,017 million Bahraini dinars at the end of the previous year, a decrease of 3%. While net insurance contract liabilities increased by 6%, from 64.433 million Bahraini dinars at the end of the previous year to 68.343 million Bahraini dinars at the end of the first nine months of the current year.
Board of Directors statement
Commenting on the financial results, the Board of Directors expressed its happiness at these positive results achieved by the company during the first nine months of the year 2025, despite the fact that these results were affected by non-recurring allocations that will benefit the company in the future. The Board of Directors also continues to supervise what has been accomplished regarding the implementation of International Financial Reporting Standard No. 17 and new digital initiatives, praising the efforts of the executive management and all employees of the company in implementing this.
The continued trust and support of the company’s customers and business partners, in addition to the commitment of the executive management and all employees of the company to the highest levels of professionalism and dedication, constitute the cornerstone of achieving positive results and enabling the company to continue growth and development year after year.
The Board of Directors also indicated that the results for the year 2025 AD will be affected as a result of the implementation of the additional minimum tax for the first time, which came into effect in January 2025 AD. Therefore, the Board of Directors advised all shareholders to take into account “profits before tax” when comparing the company’s results with previous years or with similar companies in the market.
It is worth noting that the Bahraini Kuwait Insurance Company celebrated the 50th anniversary of its founding in April, and the Board of Directors takes this occasion to thank all of the company’s customers, shareholders, business partners, employees and other stakeholders, praising everyone’s contribution to the company’s achievement of what it is by achieving many important achievements.
CEO statement
For his part, Dr. Abdullah Sultan, CEO of the company, said that the company’s consolidated financial results at the end of the first nine months of the year 2025 were encouraging. The CEO also said that despite the negative effects of the change in actuarial assumptions, the company recorded growth in net profits attributable to shareholders.
He stated: “We would also like to remind our shareholders that the company has adopted entirely new accounting standards (IFRS 17) that are subject to improvement and development over time. Despite the challenges related to claims inflation, particularly in the motor insurance division, the key performance indicators of our business have witnessed significant improvement. They are in a continuous development phase as they are adjusted over time. Our core business ratios have improved despite the challenges related to claims inflation for the health and motor insurance portfolio. The Kuwait branch also continues to achieve positive results despite… There is a noticeable acceleration in the pace of project implementation in the Kuwaiti market.”
He also commented that the A. or. Best International confirmed the company’s financial strength rating of A- (Excellent) in addition to the credit rating of “A-” with a stable outlook for the Bahraini Kuwait Insurance Company B.S.C. He added that the company has an excellent record of profitability, which reflects the outstanding underwriting performance for all types of insurance in both Bahrain and Kuwait. He also stated that Bahrain Kuwait Insurance and its subsidiary Takaful International are the only two local companies to obtain a credit rating of A-.
Thanks to its continued leadership in the Bahraini market, the company continues to launch innovative initiatives that strengthen its position and expand its horizons. The year 2025 witnessed a qualitative development in its administrative structure, in line with the “Customer First” strategy, and reflects its commitment to providing an exceptional experience that meets customers’ aspirations and exceeds their expectations.
In conclusion, Dr. Abdullah said: “We believe that our employees are the main pillar of our success, and therefore we are constantly keen to develop the work environment and enhance its culture to be the best, which culminated in the company receiving the ‘Best Work Environment’ award this year.” As part of the company’s keenness to provide a stimulating work environment, a number of distinctive benefits have been adopted, including special leave on the occasion of Christmas, and a casual dress policy throughout the year.
