Dubai - Mubasher: Al Sagr National Insurance Company incurred accumulated losses of AED 201.43 million, equivalent to 87.60% of its paid-up capital, in the second quarter (Q2) of 2025.
The losses were due to a decline in investment values, additional reserve allocations, and higher business costs, according to a bourse disclosure.
The Motor department recorded a technical loss in 2024, driven by extreme climate changes, which led to a significant increase in motor claims.
To address the issue, the DFM-listed company has implemented a series of measures, including revising pricing strategies, enhancing underwriting practices, and tightening cost controls.
