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Bahrain Kuwait Insurance Co BSC (KUW:BKIKWT) Net Income : KWD4.74 Mil (TTM As of Mar. 2024)


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What is Bahrain Kuwait Insurance Co BSC Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Bahrain Kuwait Insurance Co BSC's Net Income for the three months ended in Mar. 2024 was KWD1.50 Mil. Its Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was KWD4.74 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Bahrain Kuwait Insurance Co BSC's Earnings per Share (Diluted) for the three months ended in Mar. 2024 was KWD0.01.


Bahrain Kuwait Insurance Co BSC Net Income Historical Data

The historical data trend for Bahrain Kuwait Insurance Co BSC's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Bahrain Kuwait Insurance Co BSC Net Income Chart

Bahrain Kuwait Insurance Co BSC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.49 3.45 3.96 4.97 4.56

Bahrain Kuwait Insurance Co BSC Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.32 1.14 1.17 0.93 1.50

Bahrain Kuwait Insurance Co BSC Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Bahrain Kuwait Insurance Co BSC's Net Income for the fiscal year that ended in Dec. 2023 is calculated as

Net Income(A: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=4.695+0+0+-0.138
=4.56

Bahrain Kuwait Insurance Co BSC's Net Income for the quarter that ended in Mar. 2024 is calculated as

Net Income(Q: Mar. 2024 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=1.555+0+0+-0.058
=1.50

Net Income for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was KWD4.74 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Bahrain Kuwait Insurance Co BSC  (KUW:BKIKWT) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Bahrain Kuwait Insurance Co BSC's Earnings per Share (Diluted) (EPS) for the quarter that ended in Mar. 2024 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


Bahrain Kuwait Insurance Co BSC Net Income Related Terms

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Bahrain Kuwait Insurance Co BSC (KUW:BKIKWT) Business Description

Traded in Other Exchanges
Address
BKIC Tower 2775, Road 2835, PO Box 10166, Block 428, Seef District, Manama, BHR
Bahrain Kuwait Insurance Co BSC is a Bahrain- based insurance company. The operating segment of the company is Fire and general, Motor, Marine and Aviation and Family Takaful. Fire and General covers risks of fire, general accident, medical, group life and special contingency. Motor covers risks of motor third party, motor comprehensive and extended warranty. Marine and Aviation cover risks of marine cargo, marine hull, and marine aviation. Family Takaful covers risks of group life, education, protection, savings, among others. Geographically, it operates in Bahrain and some other countries.

Bahrain Kuwait Insurance Co BSC (KUW:BKIKWT) Headlines

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