Union Insurance gross premiums rise 12 per cent in first half

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.


Gulfnews

News

United Insurance announces extension of rights issue

18/05/2017

United Insurance Company said it has received the approval from the Securities and Commodities Authority to extend the subscription period for shares to increase the company's capital.

The

Gulfnews

United Insurance Company trims loss, but survival still in question

13/05/2015

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

The National

Union Insurance reports 12 per cent increase in H1 2014 net profit

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

Most Viewed Companies

Ticker Price Volume

Valuation

FIDELITYUNITED Sector Market
P/E
Price/BookValue

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
IHC 390.00 -2.00 (-0.52%)
INVESTB 3.07 0.01 (0.32%)
FAB 18.12 0.12 (0.66%)
EMIRATESNBD 30.36 0.16 (0.52%)
ADCB 13.76 0.46 (3.45%)

Recent News

Aamal Company nets profit of QR90.7mn on QR464.8mn revenues in Q1

29/04/2026

Aamal Company has reported net profit of QR90.7mn in the first quarter (Q1) of 2026, translating into earnings-per-share of QR0.014.

The company's total revenues amounted to QR464.8mn in Q1-

Gulf Times

Al Mahhar Holding Q1 net profit jumps 17.7% to QR15.1mn

29/04/2026

Al Mahhar Holding Company, one of the leading services and specialised products providers to the energy and infrastructure sectors in Qatar, has reported net profit of QR15.1mn in the first quarter (

Gulf Times

Barwa Real Estate reports net profit of QR239.7mn in Q1

29/04/2026

Barwa Real Estate has reported net profit of QR239.7mn attributable to the shareholders of the parent in the first three months of this year compared to QR239.5mn the same period of the previous year

Gulf Times

Gulf Bank highlights its efforts in advancing financial inclusion within the community

29/04/2026

On the occasion of Arab Financial Inclusion Day, Gulf Bank has issued a special report outlining its leading role in supporting the State's efforts to promote financial inclusion and enable all segme

Kuwait Times

stc reports KD 85.3 million in revenues, KD 9.2 million in net profit for Q1 2026

29/04/2026

Kuwait Telecommunications Company (stc) a world-class digital leader providing innovative services and platforms to customers and enabling the digital transformation in Kuwait, announced its financia

Kuwait Times

logo

Financial Information Co.

Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2025, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap