In its statement to the Abu Dhabi Securities Exchange (ADX), Ras Al Khaimah National Insurance announced achieving a net profit of AED 26.1 million during the first six months of 2014 compared to AED 27.6 million, registering a five percent profit decline compared to H1-13. The Company attributed this decline to an AED four-million share loss in a sister company.

Insurance premiums for the first half of 2014 fell to AED 153 million compared AED 162.69 million during the same period, registering a six percent drop.

Meanwhile, revenue from insurance operations rose by six percent to AED 157.9 million, compared to AED 149.6 million in H1-13.