Mubasher: Al Ahleia Insurance achieved a jump of 125.9% in profits during the fourth quarter of 2016, compared to the same period in the year before.

Earnings soared to KWD 2.87 million ($9.36 million) in Q4-16 from KWD 1.27 million ($4.15 million) in Q4-15, according to a recent bourse statement.

During the fiscal year, profits declined by 19.16% to KWD 9.05 million from KWD 11.19 million in FY15.

The decrease in FY16 profits resulted from lower return on investment, as well as higher financing expenses, the statement added.