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February 09, 2016 10:03 AM ET

Insurance

Company Overview of Emirates Insurance Co (PSC)

Company Overview

Emirates Insurance Company P.S.C. engages in 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 for loss ...

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)

Chief Executive Officer
Chief Financial Officer and Chairman of Risk Committee
Chief Underwriting Officer of International
Chief Underwriting Officer of National
Head of Finance
Compensation as of Fiscal Year 2015.

Emirates Insurance Co (PSC) Key Developments

Emirates Insurance Co (PSC), Board Meeting, Dec 17, 2015

Emirates Insurance Co (PSC), Board Meeting, Dec 17, 2015. Agenda: To approve the minutes of the last board meeting; and to review the financial and operational performance of the company.

Emirates Insurance Co (PSC), Board Meeting, Dec 06, 2015

Emirates Insurance Co (PSC), Board Meeting, Dec 06, 2015., at 11:00 Arabian Standard Time. Agenda: To consider the financial and operational performance of the company, and any other business matters.

Emirates Insurance Co (PSC) Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015

Emirates Insurance Co (PSC) reported unaudited earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported gross premiums written of AED 195,034,619 against AED 212,225,446 a year ago. Premium income earned was AED 235,926,812 against AED 205,159,621 a year ago. Net earned premium was AED 98,330,926 against AED 93,372,551 a year ago. Net underwriting loss was AED 2,798,540 against net underwriting income of AED 472,734 a year ago. Loss for the period was AED 6,533,381 against profit for the period of AED 12,036,622 a year ago. Basic and diluted loss per share was AED 0.05 against basic and diluted earnings per share of AED 0.09 a year ago. For the nine months, the company reported gross premiums written of AED 784,420,932 against AED 685,780,625 a year ago. Premium income earned was AED 693,286,647 against AED 586,380,366 a year ago. Net earned premium was AED 332,798,628 against AED 305,623,569 a year ago. Net underwriting income was AED 33,234,946 against AED 34,594,546 a year ago. Loss for the period was AED 76,100,933 against AED 101,440,084 a year ago. Basic and diluted earnings per share were AED 0.56 against AED 0.75 a year ago.

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Recent Private Companies Transactions

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

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