Kuwait-Mubasher: Kuwait Insurance registered a 2.5% decline in profits for the first quarter as compared to the same period in 2015, the company said in a bourse statement.

The Q1-16 earnings decreased to KWD 3.46 million ($11.47 million), down from KWD 3.55 million ($11.77 million) in Q1-15.

The profits were weighed by unrealized losses stemmed from lower market value of some investments, according to the bourse statement.

Kuwait Reinsurance stock was last traded on Tuesday when it settled at 300 fils.