Abu Dhabi National Insurance’s profit plummets 17%

U.A.E.-based insurer Abu Dhabi National Insurance Co. PSC’s net profit plunged 17% year-on-year to 267.6 million United Arab Emirates dirhams ($72.9 million) in the first nine months of the year, mainly due to a decline in investment gains, Middle East Insurance Review reported. The insurer’s gross written premiums increased by more than 32% to AED4.3 billion.