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17/08/2015 08:23 AST
Union Insurance Company said on Sunday it reported a 12 per cent rise in gross insurance premium in the first half to June.
The company reported a gross insurance of Dh331 million in the first half to June as against Dh295 million in the same period last year.
Union Insurance's gross technical profit rose 8 per cent to Dh53 million reported in first half of 2015 from Dh49 million as of end June 2014.
The company's total assets increased from Dh890 million at year-end 2014 to Dh982 million as of June. Net result after the investment income was a loss of Dh7.4 million for first half of 2015 compared to a net profit of Dh23.6 million for the same period last year. Loss per share was at Dh0.02 compared to per-share earnings of Dh0.07 a year earlier.
Listed on the Abu Dhabi Securities Exchange, Union Insurance has a paid up capital of over Dh330 million. The company provides a wide range of individual and commercial insurance products to clients in the UAE and Middle East region.
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The
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United Insurance Company remains mired in uncertainty over its survival as an ongoing financial concern, despite trimming losses for the first quarter of the year.
The Ras Al Khaimah-based
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13/08/2014
Union Insurance Company announced its results for the first six months of 2014, demonstrating robust financial performance.
Net profit has increased 12 per cent to AED 23.6 million compare
CPI Financial
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| IHC | 401.90 | 0.10 (0.02 |
| FAB | 13.64 | 0.38 (2.86 |
| EMIRATESNBD | 20.15 | 0.90 (4.67 |
| ADCB | 10.30 | 0.04 (0.38 |
| EIB | 12.25 | 0.00 (0.00 |
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