Abu Dhabi-Mubasher: AXA Green Crescent Insurance Company posted an 85.3% increase year-on-year in its losses during the second quarter of 2016, according to a bourse statement.

Losses stood at AED 5.43 million ($1.48 million) in Q2-16, compared to AED 2.93 million ($797,500) in Q2-15.

The company also incurred losses of AED 6.64 million in H1-16, compared to AED 5.09 million in H1-15.