{"id":25058,"date":"2026-06-23T19:30:00","date_gmt":"2026-06-23T17:30:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=497a63103099455079c622c84139150b"},"modified":"2026-06-23T19:30:00","modified_gmt":"2026-06-23T17:30:00","slug":"am-best-assigns-credit-ratings-to-kuwait-islamic-takaful-insurance-company-k-s-c-closed","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=25058","title":{"rendered":"AM Best Assigns Credit Ratings to Kuwait Islamic Takaful Insurance Company K.S.C. (closed)"},"content":{"rendered":"

LONDON--(BUSINESS WIRE)--AM Best<\/b> has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of \u201ca-\u201d (Excellent) to Kuwait Islamic Takaful Insurance Company K.S.C. (closed) (KIC Takaful) (Kuwait). The outlook assigned to these Credit Ratings (ratings) is stable.<\/p><\/a><\/a>

The ratings reflect KIC Takaful\u2019s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management. In addition, the ratings factor in rating enhancement from KIC Takaful\u2019s ultimate parent, Kuwait Insurance Company S.A.K.P. (KIC), reflecting the company\u2019s strategic importance to KIC.<\/p>

KIC Takaful operates under a Mudaraba model, in which the shareholders\u2019 fund manages the takaful operations and shares in the policyholders\u2019 investment and underwriting results based on an approved 50% Mudarib share. AM Best assesses the company\u2019s risk-adjusted capitalisation on a combined basis, including its policyholders\u2019 and shareholders\u2019 funds, due to the requirement that the shareholders\u2019 fund has to support the policyholders\u2019 fund, if it falls into a deficit.<\/p>

KIC Takaful\u2019s balance sheet strength is underpinned by its consolidated risk-adjusted capitalisation, which is comfortably at the strongest level, as measured by Best\u2019s Capital Adequacy Ratio (BCAR). AM Best expects KIC Takaful to maintain healthy capital buffers in excess of the strongest threshold as it continues its strategic growth plans, supported by good internal capital generation and a conservative investment allocation. An offsetting rating factor is the company\u2019s small capital base by international standards, which increases its susceptibility to potential volatility in risk-adjusted capitalisation.<\/p>

KIC Takaful has a track-record of adequate operating performance, illustrated by positive results in four of the last five years (2021-2025). Since KIC\u2019s acquisition of KIC Takaful in 2023, performance has improved, evidenced by a consolidated return on equity ratio in excess of 15% for both 2024 and 2025. Underwriting performance has been robust in recent years, albeit subject to some volatility, with the company generating net\/net combined ratios of 92% over the last two years. AM Best expects KIC Takaful\u2019s investment income to remain a modest but steady contributor toward overall earnings.<\/p>

KIC Takaful maintains a small but established position in its domestic market of Kuwait, being a top five Takaful insurer. The company operates exclusively in Kuwait, and its portfolio is concentrated to motor business, which accounted for approximately two thirds of total insurance revenue in 2025. AM Best expects the company to continue to leverage its affiliation with KIC to support future growth and diversification.<\/p>

This press release relates to Credit Ratings that have been published on AM Best\u2019s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best\u2019s <\/b>Recent Rating Activity<\/b><\/a> web page. For additional information regarding the use and limitations of Credit Rating opinions, please view <\/b>Guide to Best\u2019s Credit Ratings<\/b><\/a>. For information on the proper use of Best\u2019s Credit Ratings, Best\u2019s Performance Assessments, Best\u2019s Preliminary Credit Assessments and AM Best press releases, please view <\/b>Guide to Proper Use of Best\u2019s Ratings & Assessments<\/b><\/a>.<\/b><\/p>

AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit <\/b>www.ambest.com<\/b><\/a>.<\/b><\/p>

Copyright \u00a9 2026 by A.M. Best Rating Services, Inc. and\/or its affiliates. ALL RIGHTS RESERVED.<\/b><\/p> Contacts<\/b>

Krishen Mooneapillay<\/b>Financial Analyst<\/b>+44 20 7397 0276<\/b>krishen.mooneapillay@ambest.com<\/a><\/p>

Ben Diaz-Clegg<\/b>Associate Director, Analytics<\/b>+44 20 7397 0293<\/b>ben.diaz-clegg@ambest.com<\/a><\/p>

Christopher Sharkey<\/b>Associate Director, Public Relations<\/b>+1 908 882 2310<\/b>christopher.sharkey@ambest.com<\/a><\/p>

Al Slavin<\/b>Senior Public Relations Specialist<\/b>+1 908 882 2318<\/b>al.slavin@ambest.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"

LONDON–(BUSINESS WIRE)–AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of \u201ca-\u201d (Excellent) to Kuwait Islamic Takaful Insurance Company K.S.C. (closed) (KIC Takaful) (Kuwait). The outlook assigne…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-25058","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/25058","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25058"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/25058\/revisions"}],"predecessor-version":[{"id":25059,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/25058\/revisions\/25059"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25058"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25058"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}