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Union Insurance Company P.J.S.C. (United Arab Emirates)

Main Activities: Direct Life, Health, and Medical Insurance Carriers | Direct Insurance (except Life, Health, and Medical) Carriers
Full name: Union Insurance Company P.J.S.C. Profile Updated: October 30, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Union Insurance Company PSC is a United Arab Emirates-based public shareholding company established in 1998 as the national company for the Emirate of Ajman to accommodate the needs of the region and to provide the expertise in risk management and financial services. It provides all classes of insurance products and services except life insurance. It is organized into two main business segments, namely, Underwriting of general insurance business, which incorporate all classes of general insurance, including Fire, General Accident, Engineering, Marine Cargo, Group Life, Motor and Medical insurance, and Investments, which incorporates investments in United Arab Emirates and Gulf Cooperation Council (GCC) marketable equity securities, term deposits with banks, investment properties, trading investments and other securities. The Company operates through its head office in Ajman and branch offices in Sharjah, Abu Dhabi and Dubai. The Company had been listed in Abu Dhabi Securities Market on the 11th of April, 2004.

Headquarters
Single Business Tower, Sheikh Zayed Road, P.O Box 119227
Dubai; Northern Emirates;

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Website: http://www.unioninsurance.ae

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
1998
Key Executives
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Chairperson
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Vice Chairperson
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Director / Member of the Management Board
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Chief Executive Officer
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Chief Financial Officer
Ownership Details
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Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency AED. Absolute financial data is included in the purchased report.
Net insurance premium revenue
-15.81%
Operating profit (EBIT)
-5.57%
Net Profit (Loss) for the Period
-4.02%
Total assets
6.69%
Investments
8.5%
Total equity
-1.37%
Net Premiums Earned Trend
44.56%
Net Profit Trend
13.49%
Return on Equity (ROE)
-0.16%
Loss Ratio
-0.23%
Underwriting Expenses Ratio
-2.07%

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