Mubasher: Kuwait Insurance, listed on Boursa Kuwait, reported a 73.5% year-on-year growth in profits for the second quarter of 2019.

Profits totaled KWD 2.03 million ($6.68 million) in Q2-19, versus KWD 1.17 million ($3.85 million), according to a bourse filing on Monday.

In the first half of 2019, the company has logged a profit of KWD 7.93 million, up 28.9% from KWD 6.15 million in H1-18.

The increase in profits was mainly driven by higher net operating income and positive net investment income, the company said.

Kuwait Insurance previously posted that its profits grew by 18.5% in Q1-19 to KWD 5.9 million, compared to KWD 4.98 million in Q1-18.