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

Gulf Bank launches Concierge App in collaboration with Peacock Concierge

06/03/2026

As part of its ongoing commitment to delivering innovative digital solutions that enhance customers' lifestyles, Gulf Bank has launched its new Concierge App in strategic collaboration with Peacock C

Kuwait Times

Union Properties joins Massachusetts institute's industrial liaison programme

06/03/2026

Union Properties, one of the UAE's leading master developers, said it has entered into a membership agreement with the Massachusetts Institute of Technology (MIT) through its globally recognised Indu

Trade Arabia

Emirates NBD waives ATM withdrawal and debit card fees across UAE and GCC

06/03/2026

Emirates NBD has waived a range of banking fees for customers across the UAE and the wider Gulf, making cash and card services easier to access during a period of heightened regional uncertainty.

Gulfnews

2PointZero buys majority stake in Italian packaging group ISEM for $192m

06/03/2026

2PointZero Group, a next-generation investment powerhouse focused on energy and consumer sectors, has announced that it has formally completed the transaction to acquire a majority position in ISEM,

Trade Arabia

SAL agrees $30m Aviapartner Liege acquisition to expand into Europe

06/03/2026

SAL Saudi Logistics Services Co. has agreed to acquire Belgium-based Aviapartner Liege SA for ?28 million ($30.3 million), giving the Saudi logistics firm a foothold at one of Europe's major air carg

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