Kuwait - Al-Ahleia Insurance profits down 13% in Q3
Tuesday, 11 05 2019, Category: Insurance and Reinsurance, Country: Kuwait
Al Ahleia Insurance profits decreased during the third quarter (Q3) of the year by 12.8% to KWD 1.91 million ($6.31 million) compared to KWD 2.19 million ($7.24 million) in the same period last year.
The insurance firm also registered a 1.6% rise in profits during the first nine months of 2019 to KWD 7.86 million, compared with KWD 7.74 million in the corresponding period in 2018.
Al Ahleia has attributed the rise in profits to increased operational revenues.