Kuwait Insurance Company has issued its financial results for the year ended on December 31, 2014, recording earnings soaring by 21.5%.

The Company posted net profits worth KWD 5.15 million ($17.4 million) in 2014, compared to KWD 4.24 million in the previous year.

Furthermore, Kuwait Insurance saw profits worth KWD 195 thousand in Q4-2014 against KWD 274.4 thousand in Q4-2013, falling by 29%.

Noteworthy, the Company’s Board of Directors approved cash dividends distribution by 20%.