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DUBAI / Emirates Business
Union Insurance Company, a leading provider of innovative customer-focussed insurance solut- ions to individuals and corporations in the region, has reported a net profit of as much as AED6.3 million for the first nine months ended on September 30 compared to a net loss of AED12.8 million for the same period last year.
Gross insurance premium rose 21.75% to AED802 million compared to AED659 million for the same period last year.
The company’s total assets
increased from AED1.47 billion at year-end 2016 to AED1.84 billion as of September 30.
Meanwhile, the gross technical profit totalled AED 27.2 million compared to a profit of AED26
million reported a year earlier.