Abu Dhabi-Mubasher: Ras Al Khaimah National Insurance Company posted a 54.3% profit jump to AED 31.14 million in the first nine months of 2015, compared to AED 20.17 million in the same period of 2014.

Profits declined 20.27% to AED 11.35 million in Q3-15 from AED 14.24 million in Q3-14, according to a filing to the Abu Dhabi Securities Exchange (ADX).

The company reported strong net profits of AED 19.7 million ($5.3 million) in the first half of 2015, recording massive growth of 233% compared to AED 5.9 million ($1.6 million) in the same period of 2014.