Abu Dhabi-Mubasher: Al Wathba National Insurance Company (AWNIC) reported a 409.3% rise in its first-quarter profits, according to a bourse statement.

Profits reached AED 34.18 million ($9.31 million) in Q1-16, compared to AED 6.71 million ($1.83 million) in Q1-15.

Insurance commissions grew 665.7% to AED 7.81 million ($2.13 million) in Q1-16, compared to AED 1.02 million ($277,705) in Q1-15.