Mubasher: Arab Union International Insurance posted on Tuesday an increase of 651.2% in its losses for the third quarter of 2016 to JOD 872,120 ($1.23 million), compared to JOD 116,100 ($163,710) for Q3-15.

Net losses for the first nine months of 2016 worsened by 743% to JOD 1.2 million from JOD 136,940for the same period of 2015, according to a bourse filing.

The company earlier reported a net loss of JOD 283,080 for the first half of 2016, 1258.5% up from JOD 20,840 for H1-15.