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May 22, 2015 8:36 AM ET

Insurance

Company Overview of Emirates Insurance Co (PSC)

Company Overview

Emirates Insurance Company P.S.C. is engaged in the underwriting of general insurance and re-insurance in the United Arab Emirates, Europe, and the United States. The company operates in two segments, Underwriting and Investments. It offers hotel comprehensive/block, jewellers’ block, and office comprehensive insurance products; and general third party liability, workmen’s compensation, fidelity guarantee, and money insurance products. The company also offers group life, group medical, and group personal accident insurance products; and contractors’ all risks/erection all risks, contractors’ plant and equipment, machinery breakdown, and electronic equipment insurance, as well as insurance fo...

Emirates Insurance Co Building

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 Co (PSC)

Emirates Insurance Co (PSC) does not have any Key Executives recorded.

Emirates Insurance Co (PSC) Key Developments

Emirates Insurance Co (PSC), Board Meeting, May 07, 2015

Emirates Insurance Co (PSC), Board Meeting, May 07, 2015., at 07:00 GMT Standard Time. Agenda: To consider financial and operational performance of the company, and any other business matters.

Emirates Insurance Co (PSC) Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2015

Emirates Insurance Co (PSC) reported unaudited earnings results for the first quarter ended March 31, 2015. For the year, the company reported gross premium written of AED 320,949 against AED 253,064 a year ago. Net earned premiums were AED 134,710 against AED 109,330 a year ago. Net underwriting profit was AED 26,393 against AED 26,020 a year ago. Profit for the year was AED 59,334 against AED 49,003 a year ago. Basic and diluted earnings per share were AED 0.44 against AED 0.36 a year ago. Net cash used in operating activities was AED 5,769,069 against net cash from operating activities of AED 20,421,405 a year ago. Payment for purchase of property and equipment was AED 348,752 against AED 566,670 a year ago. Payments for purchase of financial assets were AED 65,181,972 against AED 40,481,533 a year ago.

Emirates Insurance Co (PSC) Approves Dividend for the Year Ended December 31, 2014

Emirates Insurance Company PSC announced that, at its AGM held on March 25, 2015, its shareholders approved the Board proposals for the distribution of 60% (60 fils per share) cash dividend of the share capital for the year ending 31st December 2014.

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