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18/05/2016 05:57 AST
Union Insurance Company, a leading provider of innovative customer-focused insurance products to individuals and organisations in the region, has reported a 40 per cent increase in gross insurance premium during the first quarter of 2016.
The premiums went up from Dh172 million ($46.81 million) posted in Q1 2015 to Dh242 million at the end of March 2016.
The company posted a net profit of Dh53,000 for the first three months of 2016 compared to a net loss of Dh17 million for the same period last year.
The company's total assets increased from Dh1.1 billion at year-end 2015 to Dh1.3 billion as of March 31, 2016.
Union Insurance posted a gross technical profit in first quarter of 2016 of Dh25 million compared to Dh27 million in Q1 2015.
The company's investments reported a loss of Dh5.4 million.
Established in 1998 and listed on the Abu Dhabi Securities Exchange, Union Insurance Company is regulated by the UAE Insurance Authority and 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.
Trade Arabia
21/03/2025
Union Insurance Company, a leading provider of innovative customer-focused insurance solutions to individuals and organisations in the region, on Thursday reported that its net profit surged from a l
Khaleej Times
15/11/2017
Union Insurance Company has reported a net profit of Dh6.3 million for the first nine month ended September 30 compared to a net loss of Dh12.8 million for the same period last year.
Gross i
Gulf News
12/06/2017
Union Insurance said on Sunday it had received the nod from Securities and Commodities Authority (SCA) to suspend share trading in its shares in anticipation of the finalisation of its capital restru
Gulfnews
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| IHC | 401.00 | 0.00 (0.00 |
| FAB | 15.86 | 0.06 (0.37 |
| EMIRATESNBD | 22.60 | 0.70 (3.19 |
| ADCB | 12.30 | 0.10 (0.81 |
| ADIB | 19.10 | 0.18 (0.95 |
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The
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This stat
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In line with its leading and responsible role in the banking industry, National Bank of Kuwait continues to advance confidently towards building a sustainable future by implementing its environmental
Kuwait Times
Financial Information Co.
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