Union Insurance Company Nine-Month Profit Soars

Net profit up 165% to AED27.3 million


Dubai, UAE, 13 November, 2013 - Union Insurance Company, a leading provider of innovative customer-focused insurance products to individuals and organizations in the region, has reported a net profit of AED27.3 million for the first nine month ended 30 September 2013,an increase of 165%compared to a net loss of AED42.2 million for the same period last year.


Earnings per share strengthened to AED0.083at the end of Q3 this year compared to per-share loss of (AED0.13)a year earlier.


Gross insurance premium rose by 41% to AED262.5 million in the first nine monthscompared to AED 186.7 million for thesame period last year. Also, the companys total assets increased from AED491.8 million at year-end 2012 to AED675.6 millionas of 30 September 2013.


Meanwhile, gross technical profittotaled AED 34.6million, up 263% compared to a loss of AED21.2 million reported a year earlier.


Union Insurances ability to sustain the robust performance is driven by the improved performance of both underwriting and investment portfolios. The company recently received a rating of B++ (Good) by AM Best which reflects Union Insurances solid risk-adjusted capitalisation and strong track record of its senior management team.







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With offices across the UAE, Union Insurance is close at hand to serve clients. Whether signing up for a new policy or making a claim, you can reach us at any of the offices below. Also, be sure to check this page regularly, as we continue to open new offices.

Toll free number : 800 UIC4U(84248)
Enquiries :
Comments :
Regularly Working Hours : 8:30am to 05.00pm


Head Office

Single Business Tower, Sheikh Zayed Road
P.O Box 119227 Dubai, United Arab Emirates
Tel: +971 (04) 3787 777(764)
Fax: +971 (04) 3787 778

Abu Dhabi (Motor Claims)

Al Corniche tower Building, Abu Dhabi Corniche,
P.O Box 54524 Abu Dhabi, United Arab Emirates
Tel: +971 (02) 6906 555
Fax: +971 (02) 6906 556

Ajman (Motor Claims)

Ground & Mezzanine Floors, Ajman Building
Sheikh Khalifa bin Zayed Road
P.O Box 1225 Ajman, United Arab Emirates
Tel: +971 (06) 7014666
Fax: +971 (06) 7014668

Dubai (Motor Claims)

Al Ittihad Road, Al Mana Building,
Showroom no. 6,
P.O Box 35272 Dubai, United Arab Emirates
Tel: +971 (04) 3787 444
Fax: +971 (04) 3787445


Jebel Ali Free Zone Building 16 Office no. 15,
P.O Box 119227 Dubai, United Arab Emirates
Tel: +971 (04) 3787 477
Fax: +971 (04) 3787 478


Jumeirah Business Centre (JBC3) Cluster Y,
16th Floor, Jumeirah Lakes Towers
P.O Box 119227 Dubai, United Arab Emirates
Tel: +971 4 315 1700
Fax: +971 4 315 1701

Ras Al Khaimah (Motor Claims)

Al Nakheel- Al Naeem Building,
Office # 101 & 102
Etisalat Street
P.O BOX 12921 Ras Al Khaimah,
United Arab Emirates
Tel: +971 (07) 203 8181
Fax: +971 (07) 203 8182

Sharjah (Motor Claims)

Al Raha Tower, Showroom no. 2
P.O Box 97733 Sharjah, United Arab Emirates
Tel: +971 (06) 5939 888
Fax: +971 (06) 5939 889


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©Copyright 2016-2017 union insurance CO.All Rights Reserved