Dubai – Mubasher: Arab Insurance Group (ARIG) on Thursday posted that the company incurred losses worth AED 202.02 million ($55 million) in the full-year 2018, against a profit of AED  26.52 million ($7.22 million) in 2017.

Losses per share (LPS) registered $27.9 per share for the year ended 31 December 2018, versus earnings per share (EPS) worth $3.6 per share in the same period of the prior year, according to a filing to the Dubai Financial Market (DFM).

ARIG’s board recommended no cash dividends for 2018.