Mubasher: Warba Insurance reported an increase in losses by 62.31% during the third quarter (Q3) of the year.
Losses reached KWD 56,390 in Q3-19, up from KWD 34,750 in Q3-18, as shown by the company’s financial statements.
Meanwhile, profits surged by 162.22% in the nine-month period ended 30 September by 162.22% to KWD 1.07 million, up from KWD 409,220 in the corresponding period in 2018.
Operational revenues also grew between January and September by 7.81% to KWD 11.93 million.
