National General Insurance Company (NGI) announced its financials for the first nine months of 2014 and for the third quarter of the year in its statement to the Dubai Financial Market (DFM).
NGI reported a 4.4% decline to AED 83 million during the first nine months, ending September 30, 2014, compared to AED 86.7 million during the same period in 2013. Meanwhile, financials for the third quarter leapt by 105% to AED 42.7 million compared to AED 20.86 million during the same quarter in 2013.
NGI attributed its nine-month decline to retreating insurance profit to AED 16.54 million against AED 29.2 million during the first nine months of 2013.
Financials for the first half of 2014 stood at AED 40.2 million against AED 65.88 million during the first half of 2013, registering a 39% decline.
NGI operates in life and medical insurance. Moreover, its capital amounts to AED 150 million divided on 150 million shares at par value AED 1 per share.