Mubasher: Warba Insurance achieved a profit of nearly KWD 62,770 ($207,400) during the second quarter of 2018 against losses worth KWD 3.44 million ($11.4 million) in the same quarter last year.

During the first six months of 2018, Warba Insurance recorded earnings valued at KWD 443,970 versus a loss of KWD 1.97 million in the same half a year ago, according to a bourse statement on Monday.

The positive turn in the income statements is attributed to higher return on investment.