Dubai-Mubasher: The preliminary financial statements of Al Sagr National Insurance showed an increase of 6.8% in losses for the fourth quarter in 2015 as compared to the same quarter in 2014.

The company posted losses of AED 80.215 million in Q4-15 as compared to AED 75.1 million in Q4-14.

During the fiscal year 2015, the UAE company posted AED 150.21 million losses, the preliminary results revealed, against profits worth AED 56.10 million in FY14.