Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

UAE- Union Insurance posts net profit of Dh60 million  Join our daily free Newsletter

MENAFN - Khaleej Times - 01/06/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Khaleej Times) First-quarter earnings surge 23-fold

union insurance company the fastest growing insurance company in the uae has reported a net profit of dh60 million an increase of more than 23-fold compared to dh2.5 million in the first quarter of 2013.

earnings per share are up from dh0.008 a year earlier to dh0.181 at the end of the first quarter of 2014 the company reported in its financial results for the first three months ended march 31 2014.

gross insurance premium rose by 45 per cent to dh139.1 million as of march 31 compared to dh96.2 million for the same period last year. also the company’s total assets increased from dh688 million at first quarter-end 2013 to dh878 million as of march 31 2014.

meanwhile gross technical profit totalled dh18.9 million up 51 per cent compared to dh12.5 million reported a year earlier.

union insurance company’s robust financial results reflect the steady growth in underwriting premium improvement in claims and combined ratios expansion of its innovative solutions range as well as increase in investment income.

the company’s financial stability was recently recognised by am best which assigned the company a rating of b (good) reflecting union insurance’s solid risk-adjusted capitalisation and strong track record of its senior management team.


 


Khaleej Times




  MENA News Headlines
 Mar 26 2015 - Qaedalinked militants blow up Shiite hall in Syria: NGOArab Times
(MENAFN - Arab Times) BEIRUT June 16 2013 (AFP) -Extremist fighters claiming to be from an Al-Qaeda-linked group have blown up a Shiite religious building in the Syrian province of Deir Ezzor a ...

 Mar 26 2015 - Wave of car bombs kills 14 in south Iraq: officialsArab Times
(MENAFN - Arab Times) BAGHDAD June 16 2013 (AFP) -A wave of car bombs in several cities south of Baghdad on Sunday killed at least 14 people officials said as Iraq grapples with a surge in violence ...

 Mar 26 2015 - Head blow leaves Australian with French accent: reportArab Times
(MENAFN - Arab Times) SYDNEY June 17 2013 (AFP) -An Australian woman who now speaks with a French-sounding accent after a head injury eight years ago has revealed the experience has left her feeling ...

 Mar 26 2015 - UAE military jet crashes pilot killedArab Times
(MENAFN - Arab Times) DUBAI June 17 2013 (AFP) -An Emirati military jet crashed during a routine training mission in the Gulf country killing the pilot the UAE Armed Forces General Headquarters said ...

 Mar 26 2015 - Gulf General Investment net profit hits USD31.3m in 2014MENAFN
(MENAFN) The Gulf General Investment Co logged a net profit of around USD31.3 million for 2014, marking a slight increase from the USD29.94 million of 2013, Gulf News reported.According to the ...

 Mar 26 2015 - Gaza joy as Palestinian singer wins Arab Idol contestArab Times
(MENAFN - Arab Times) GAZA CITY Palestinian Territories June 23 2013 (AFP) -Jubilant Palestinians took to the streets in their thousands early Sunday after singer Mohammed Assaf won a pan-Arab ...

 Mar 26 2015 - Qatar's Ezdan logs USD373.14m net profit in 2014MENAFN
(MENAFN) Qatari Ezdan Holding Group recorded a net profit of USD373.14 million in 2014, against a USD293.57 million logged in the previous year, The Peninsula Qatar reported.Among the Group's most ...

 Mar 26 2015 - Saudi- Charcoal facial: Beauty world's best kept secretArab News
(MENAFN - Arab News) The beauty benefits of charcoal have been in the spotlight lately. Many skincare brands from affordable drugstore products to professional grade and more natural ones have been ...

 Mar 26 2015 - For Caroline Seikaly fashion is passionArab News
(MENAFN - Arab News) Caroline Seikaly is an American-Lebanese designer with French roots. She grew up in the United States and studied fashion design at the Rhode Island School of Design and while ...

 Mar 26 2015 - Saudi- Makkah floods: Woman baby killed 2 missingArab News
(MENAFN - Arab News) Civil Defense officials continued their search Wednesday for two men feared swept away by floods in Makkah on Tuesday night. The floodwaters had earlier claimed the lives of a ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help