Mubasher: Al Ahleia Insurance achieved an increase of 9.2% in profits from January to March compared to the same period last year.

Profits grew to KWD 3.1 million ($10.22 million) in Q1-19 from KWD 2.84 million ($9.36 million) in Q1-18.

Operating revenues also increased by 16.3% to KWD 27.53 million in Q1-19 from KWD 23.67 million in Q1-18, according to a bourse filing on Tuesday.

The increase in Q1 profits is attributed to the growth in the company’s operating revenue from net premiums as well as higher return on investment.