BKIC posts 86% surge in Q3 income
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BKIC posts 86% surge in Q3 income

BKIC posts 86% surge in Q3 income

Bahrain Kuwait Insurance Co (BKIC) has reported an 86% surge in net profit for the third quarter to BD1.6m ($4.17m), compared with BD858,000 a year ago. Investment income for the first nine months of this year jumped 14% to BD922,000 from BD807,000 in the same period of last year. Underwriting profits, however, dropped 18% to BD2.6m from BD3.2m due to the increase in the amount of claims, especially in motor department, the firm said.

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