Abu Dhabi-Mubasher: Union Insurance Co. reported losses of AED 2.95 million ($803,000) in the first nine months of 2015, against net profits of AED 43.75 million ($11.9 million) in the same period of 2014, according to a bourse filing on Tuesday.

Meanwhile,profits plunged 78% to AED 4.45 million in Q3-15 from AED 20.1 million in Q3-14.

The insurance firm previously reported turning to losses in the first half of the year with AED 7.4 million ($2 million), versus a net profit of AED 23.64 million ($6.4 million) in H1-14.