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UAE - Union Insurance posts AED 19.6m net profit in H1

Tuesday, 08 06 2019, Category: Insurance and Reinsurance, Country: U.A.E
Union Insurance Co, listed on the Abu Dhabi Securities Exchange (ADX), has posted a net profit of AED 19.62 million for the first half of 2019, versus AED 9.025 million in H1-18.

The company’s gross insurance premium revenue grew to AED 482.16 million during the six-month period ended 30 June 2019, compared to AED 480.15 million in the prior-year period, according to a bourse filing.
Earnings per share (EPS) stood at AED 0.059 in H1-19, versus AED 0.0273 in the corresponding period of 2018.

Total assets amounted to AED 1.79 billion at the end of June, compared to AED 1.655 billion as at 31 December 2018.

Source: Mubasher
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