Abu Dhabi – Mubasher: Union Insurance Co. reported turning to losses in the first half of the year with AED 7.4 million ($2 million) against a net profit of AED 23.64 million ($6.4 million) in H1-14, according to a bourse filing on Wednesday.

The company also posted a net profit of AED 9.5 million in Q2-15, against a net loss of AED 36.4 million in the corresponding period from last year.

The insurance firm previously posted a net loss of AED 17 million in Q1 this year against AED 60 million in net profits for the same period the year before.