Kuwait Insurance’s profits increased 29.5% to KWD 3.55 million ($11.71 million) in the first quarter of 2015 from KWD 2.74 million ($9.04 million) in the same period of 2014.

The company’s earnings per share grew to 19.12 fils in Q-15 from 14.73 fils in Q1-14.

The insurance firm recorded a growth of 21.5% in its annual earnings, posting KWD 5.15 million in the fiscal year 2014 compared to KWD 4.24 million in the previous year.