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Arab Union Insurance turns to losses in 9M

Arab Union Insurance turns to losses in 9M
Photo credit: Arabianeye - Reuters
Arab Union
AIUI
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Mubasher: Jordan’s Arab Union International Insurance Company posted a net loss of JOD 136,900 in the first nine months of 2015, versus a net profit of JOD 357,500 in the same period last year, according to the company’s financial statements.

Accumulated losses reached near JOD 4.76 million in the January-September period this year, 59% of the company’s capital.

The Amman listed company earlier reported a net loss of JOD 20,830 in H1-15, compared to a profit of JOD 195,400 in the same period last year.