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Al-Ahleia Insurance Company S.A.K.P. (Kuwait)

Main Activities: Direct Life, Health, and Medical Insurance Carriers | Direct Property and Casualty Insurance Carriers
Full name: Al-Ahleia Insurance Company S.A.K.P. Profile Updated: October 29, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Al-Ahleia Insurance Company S.A.K.P., located in Kuwait City, was established on 12/06/1962 with a paid capital of KD 1,000,000/- (one million Kuwaiti dinar). It was founded by knowledgeable Kuwaiti nationals with expertise in the insurance industry. The company was launched in response to the economic growth of Kuwait, driven by the discovery of oil and the need to penetrate the international oil market. The economic growth necessitated the improvement of sectional balance and diversification, as well as the initiation of large-scale governmental projects to develop the country's infrastructure. Al-Ahleia quickly advanced through effective leadership, strategic planning, and achievable goals. The company's high productivity has given it a competitive edge, making it one of the leading insurance companies in Kuwait. The chairman of Al-Ahleia is a diligent businessman who has earned the company a reputation for high standards and excellent service. The company places great importance on providing its staff with top-quality international training, resulting in unparalleled expertise in all aspects of the insurance business. Al-Ahleia Insurance Company is considered one of the pillars of the Kuwaiti economy and plays a crucial role in protecting the country's national resources.

Headquarters
Bldg.21, Block No. 2, Ahmad Al Jaber St, Al Ahleia Insurance Tower, Sharq, P.O. Box 1602
Kuwait City; Al-Asimah / Capital Governorate; Postal Code: 13017

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Website: http://www.alahleia.com

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
1962
Key Executives
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Chairperson
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Vice Chairperson
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
Ownership Details
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8.08%
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5%
Subsidiaries
Al-Etihad Cooperative Insurance Company A JSC (Saudi Arabia)
28.67%
Independent Petroleum Group Company K.S.C.P.
6.759%
Kuwait Reinsurance Company K.S.C.P
5.1%
Company Performance
Financial values in the chart are available after Al-Ahleia Insurance Company S.A.K.P. report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency KWD. Absolute financial data is included in the purchased report.
Net insurance premium revenue
-17.46%
Operating profit (EBIT)
8.33%
Net Profit (Loss) for the Period
14.35%
Total assets
18.9%
Investments
24.37%
Total equity
10.55%
Net Premiums Earned Trend
N/A
Net Profit Trend
-5.71%
Return on Equity (ROE)
0.39%
Loss Ratio
-26.71%
Underwriting Expenses Ratio
-29.63%

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