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Al Sagr Insurance Q3 losses down 88%

Al Sagr Insurance Q3 losses down 88%
Net insurance premium brought AED 192 million profits - Photo Credit: Reuters
Al Sagr
ASNIC
-9.88% 0.66 -0.07

Dubai – Mubasher: Al Sagr National Insurance logged AED 3.15 million losses ($857,410) in the third quarter of 2016, lower 87.6% year-on-year from AED 25.33 million ($6.9 million), according to a bourse filing on Tuesday.

In the first nine months, the company registered AED 31.27 million profits versus AED 29.85 million losses for the first nine months of 2015.

Net insurance premium for the nine-month period brought AED 192 million profits against AED 204.47 million.