Abu Dhabi - Mubasher: Al Wathba National Insurance Company posted a 40.9% decline in profits in the second quarter of 2016, to AED 24.53 million ($6.68 million) down from AED 41.47 million ($11.29 million) in the same period last year.

As for the six-month period ended 30 June 2016, profits increased 21.9% to AED 58.71 million, compared to AED 48.18 million in H1-15, according to the company’s statement to the Abu Dhabi Securities Exchange (ADX) on Sunday.