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

13/08/2014 15:24 AST

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 compared to AED 21.2 million a year earlier. This has resulted in earnings per share rising from AED 0.064 in the first half of 2013 to AED 0.071in H1 2014.

Gross insurance premium stood at AED 295 million in H1 2014 compared to AED 187 million reported in the same period last year, an increase of 58 per cent. UIC's total assets rose from AED 688 million as of 31 December 2013 to AED 868 million as of 30 June 2014.

Technical profit amounted to AED 49.2 million, up 94 per cent, compared to AED 25.4 million as at 30 June 2013.


CPI Financial

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

Union Insurance gross premiums rise 12 per cent in first half

17/08/2015

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 f

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

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 399.50 0.00 (0.00%)
FAB 16.50 0.10 (0.60%)
EMIRATESNBD 26.15 0.90 (3.56%)
INVESTB 0.45 0.00 (0.00%)
ADCB 14.84 0.10 (0.67%)

Recent News

Adnoc Drilling confirms operational, financial stability

11/03/2026

Adnoc Drilling confirms that it is closely monitoring the current situation in the UAE and broader Gulf region and is working in coordination with the relevant UAE authorities to protect people, faci

Trade Arabia

Boubyan Bank's OGA and EGM approve 7% cash dividends and 7% bonus shares

11/03/2026

Boubyan Bank held its Ordinary and Extraordinary General Assemblies which saw an attendance exceeding 80 percent, where their agenda items were approved, including approving the distribution of 7 per

Kuwait Times

Oman's digital economy surges to OMR800mn, driving Vision 2040 diversification goals

11/03/2026

The Ministry of Transport, Communications and Information Technology has released a landmark report titled "Harvest of the Digital Economy in the Sultanate of Oman: From Foundation to Enablement," of

Times of Oman

Aramco stock gains about 14% year to date as earnings back higher dividend

11/03/2026

Shares of Saudi Aramco rose in early trading on the Saudi Exchange after the energy giant reported strong cash generation and higher shareholder returns for 2025, with the stock opening at SR25.92 ($

Arab News

Aramco CEO sees 'catastrophic consequences' for oil if shipping doesn't resume in Strait of Hormuz

11/03/2026

Saudi Arabia's Aramco , the world's top oil exporter, said on ?Tuesday there would be "catastrophic consequences" for the world's oil markets if the Iran war continues to disrupt shipping in the Stra

Arab News

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