Abu Dhabi-Mubasher: United Insurance Company posted a 82% decline year-on-year in its losses during the third quarter of 2016, according to a bourse filing.

Net losses reached AED 3.34 million ($909,100) in Q3-16, compared to AED 18.56 million ($5.05 million) in Q3-15.

Losses fell 82.6% to AED 6.114 million in the first nine months of 2016, compared to AED 35.2 million in the same period of 2015.