Dubai – Mubasher: Alliance Insurance posted a 4.8% rise year-on-year in the fourth quarter of 2016, according to a bourse statement.

Profits reached AED 24.03 million ($6.54 million) in Q4-16, compared to AED 22.92 million in Q4-15.

In 2016, profits rose 2.5% to AED 45.1 million from AED 44 million in 2015.