Dubai – Mubasher: National General Insurance (NGI) reported a net profit of AED 580,550 ($158,000) in the first quarter of 2015, a 98.7% profit plunge from AED 44.75 million ($12.2 million) in Q1-14, according to a filing to the Dubai Financial Market (DFM).

NGI previously reported a decline in net profits by 36.35% to AED 79.63 million in 2014, down from AED 125 million in 2013.