Kuwait-Mubasher: Kuwait Reinsurance recorded a jump of 485.8% in its nine-month-period earnings.

The company posted KWD 1.87 million ($6.17 million) in 9M-15, compared to about KWD 319,200 ($1.05 million) in 9M-14.

The Kuwaiti company said that the surge in profits was due to an increase in installments profits and investment, as well as a decrease in losses.