Kuwait-Mubasher: Kuwait Insurance achieved KWD 4.49 million ($14.86 million) losses in the second quarter of 2016 versus KWD 1 million ($3.31 million) profits in the year-ago period.

The losses achieved in Q2 were attributed to unrealized losses resulted from the decline in the market value of available investment listed in Kuwait Stock Exchange.

The company's profits reached KWD 1.03 million in H1-16 from KWD 4.56 million in H1-15, according to a bouse filing on Thursday.