Abu Dhabi – Mubasher: National Takaful Co. (Watania) has reported a net loss of AED 3.68 million (nearly $1 million) in the first quarter of the year against a net profit of AED 3.3 million ($900 million) in Q1-14, the company said in a filing to the Abu Dhabi Securities Exchange (ADX).

The insurance firm previously reported a loss worth AED 9.79 million ($2.66 million) for the fiscal year 2014 compared to AED 2.397 million ($652,47) in FY13.