Abu Dhabi-Mubasher: RAK Insurance incurred losses in the second quarter of 2016, according to a bourse statement.

Losses stood at AED 2.42 million ($658,700) in Q2-16, against profits of AED 5.06 million ($1.38 million) in Q2-16.

In H1-16, profits declined 80.6% to AED 3.84 million compared to AED 19.78 million in H1-15.