March 24, 2017 12:03 PM ET

Insurance

Company Overview of Emirates Insurance Company P.S.C.

Company Overview

Emirates Insurance Company P.S.C. engages in general insurance and reinsurance businesses in the United Arab Emirates and internationally. The company operates through two segments, Underwriting and Investments. It offers property insurance products, including fire and allied perils, property all risk, consequential loss, house holders comprehensive, plate glass, and terrorism insurance products; and engineering insurance products, such as contractors’ all risks/erection all risks, contractors’ plant and equipment, machinery breakdown, and electronic equipment insurance products, as well as insurance for loss and damage to stock in cold storage. The company also employee benefit insurance pr...

Emirates Insurance Co Building

Al Zahiya (Tourist Club Area)

PO Box: 3856

Abu Dhabi,  

United Arab Emirates

Founded in 1982

Phone:

971 2 6440 400

Fax:

971 2 6445 227

Key Executives for Emirates Insurance Company P.S.C.

Emirates Insurance Company P.S.C. does not have any Key Executives recorded.

Emirates Insurance Company P.S.C. Key Developments

Emirates Insurance Company P.S.C., Board Meeting, Mar 16, 2017

Emirates Insurance Company P.S.C., Board Meeting, Mar 16, 2017. Agenda: To adopt some of the administrative matters.

Emirates Insurance Company P.S.C., Annual General Meeting, Mar 22, 2017

Emirates Insurance Company P.S.C., Annual General Meeting, Mar 22, 2017, at 12:30 Indian Standard Time. Location: Beach Rotana Hotel Abu Dhabi United Arab Emirates Agenda: To approve the director’s report concerning the company’s activities and financial statements for the year ended December 31, 2016; to review and approve the auditor’s report for the year ended 31 December 2016; to consider and approve the financial statements of the company for the year ended 31 December 2016; to discharge the members of Board of Directors from their liabilities for the fiscal year ended 31 December 2016; to discharge the auditors from their liabilities for the fiscal year ended 31 December 2016; to appoint auditors of the company of the year 2017 and determine their remuneration; and to approve board of director changes.

Emirates Insurance Company P.S.C. Reports Earnings Results for the Year Ended December 31, 2016

Emirates Insurance Company P.S.C. reported earnings results for the year ended December 31, 2016. For the year, the company reported net premium of AED 471,749,000 against AED 434,778,000 a year ago. Net premiums earned were AED 462,448,000 against AED 417,824,000 a year ago. Net underwriting income was AED 124,599,000 against AED 124,295,000 a year ago. Profit for the year was AED 87,178,000 against AED 89,633,000 a year ago. Basic and diluted earnings per share were AED 0.58 against AED 0.60 a year ago. Net cash generated by operating activities was AED 73,747,000 against AED 82,917,000 a year ago. Payment for purchase of property and equipment was AED 3,481,000 against AED 623,000 a year ago. Payments for purchase of financial assets were AED 318,145,000 against AED 220,642,000 a year ago.

Similar Private Companies By Industry

Company Name Region
Al Ain Ahlia Insurance Company P.S.C. Middle East/Africa
Al Fujairah National Insurance Company P.S.C. Middle East/Africa
Al-Sagr National Insurance Company (Public Shareholding Company) Middle East/Africa
Alliance Insurance (P.S.C.) Middle East/Africa
Arma Underwriting Limited Middle East/Africa

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
The Advertising Council, Inc. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Emirates Insurance Company P.S.C., please visit www.eminsco.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.