News Column

Union Insurance Company's net profit up 12 per in H1

August 13, 2014

Staff Report

Dubai: Union Insurance Company reportered a net profit of Dh23.6 million up 12 per cent compared to Dh21.2 million a year earlier.

Gross insurance premium stood at Dh295 million in the first half of 2014 compared to Dh187 million reported in the same period last year, an increase of 58 per cent. UIC's total assets rose from Dh688 million as of 31 December 2013 to Dh868 million as of 30 June 2014. Technical profit amounted to Dh49.2 million, up 94 per cent, compared to Dh25.4 million as at 30 June 2013.

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Source: Gulf News (United Arab Emirates)

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