Abu Dhabi - Mubasher: Al Wathba National Insurance Company's losses dropped 83% year-on-year in the third quarter of 2016.

The company suffered AED 2.84 million ($773,000) losses in the Q3-16 down from AED 16.61 million ($4.5 million) in the same period last year.

As for the nine-month period, profits hiked 76.9% to AED 55.87 million, compared to AED 31.6 million in the year-ago period, according to the a bourse filing on Monday.