Abu Dhabi – Mubasher: RAK Insurance on Monday reported a 12.5% decline in net profit during the fourth quarter of 2017.

The company’s net profit decreased to AED 14 million in Q4-17 from AED 16 million in the comparative period of 2016, according to a filing to the Abu Dhabi Securities Exchange (ADX).  

The ADX-listed firm’s net profit surged 33.3% to AED 32 million last year versus AED 24 million in 2016, RAK Insurance’s data showed.