Mubasher: Gulf Insurance Group achieved an increase of 64.8% during the third quarter of 2018 compared to the same period last year.

Earnings grew to KWD 4.02 million ($13.3 million) in Q3-18 from KWD 2.44 million ($8.1 million) in Q3-17, according to a bourse disclosure on Monday.

During the first nine months of 2018, Gulf Insurance registered a rise of 35.7% in profits to KWD 10.6 million from KWD 7.81 million in the same period a year ago.

The increase in 9M profits is attributed to higher operating income.

At the stock level, Gulf Insurance closed Monday’s session at 620 fils.