Union Insurance Company Reports Nine-Month Results

Gross insurance premium rose by 21.75% to AED802 million compared to

  

Net profit up to AED6.3 million

Dubai, UAE - Union Insurance Company, a leading provider of innovative customer-focused insurance solutions to individuals and corporations in the region, has reported a net profit of AED6.3 million for the first nine month ended 30 September 2017 compared to a net loss of AED (12.8) million for the same period last year.  

Gross insurance premium rose by 21.75% to AED802 million compared to AED659 million for the same period last year. The company’s total assets increased from AED1.47 billion at year-end 2016 to AED1.84 billion as of 30 September 2017.

Meanwhile, gross technical profit totaled AED 27.2 million compared to a profit of AED26 million reported a year earlier.

-Ends-

© Press Release 2017

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