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Last 0.81 AED
Change Today 0.00 / 0.00%
Volume 0.0
IH On Other Exchanges
Symbol
Exchange
As of 6:00 AM 07/28/15 All times are local (Market data is delayed by at least 15 minutes).

insurance house (IH) Snapshot

Open
0.81
Previous Close
0.81
Day High
0.81
Day Low
0.81
52 Week High
07/31/14 - 1.29
52 Week Low
02/11/15 - 0.81
Market Cap
97.2M
Average Volume 10 Days
0.0
EPS TTM
-0.23
Shares Outstanding
120.0M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for INSURANCE HOUSE (IH)

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insurance house (IH) Details

Insurance House – P.S.C. provides various non-life insurance products and services in the United Arab Emirates. The company operates in two segments, Underwriting of General Insurance Business and Investments. It offers private and commercial motor insurance; engineering insurance products, including contractor's all risk, erection all risks, contractor's plant, boilers and pressure vessels, machinery breakdown, LOP - machinery breakdown, electronic equipments, and deterioration of stock; marine insurance products comprising cargo in transit and pleasure yachts, as well as hull, machinery, and liabilities; and group health insurance. The company also provides individual and group personal accident, and travel assist insurance products; aviation insurance; insurance products for energy sector exposures; and property and casualty insurance products, such as fire and allied perils, public and product liability, personal accident, property all risks, professional indemnity, medical malpractice, banker's blanket bond, fidelity, workmen’s compensation, jeweller's block, business interruption, and money. In addition, it offers household, advance loss of profit, burglary, protection and indemnity, contingency, travel, and live stock insurance products. The company was founded in 2010 and is headquartered in Abu Dhabi, the United Arab Emirates.

Founded in 2010

insurance house (IH) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: --
Group Manager of Corporate Communications Dep...
Total Annual Compensation: --
Compensation as of Fiscal Year 2015.

insurance house (IH) Key Developments

Insurance House PSC expected to report Q2 2015 results on July 28, 2015. This event was calculated by Capital IQ (Created on July 22, 2015).

Insurance House PSC expected to report Q2 2015 results on July 28, 2015. This event was calculated by Capital IQ (Created on July 22, 2015).

Insurance House P.S.C Announces Unaudited Earnings Results for the Second Quarter and Half Year Ended June 30, 2015

Insurance House P.S.C announced unaudited earnings results for the second quarter and half year ended June 30, 2015. For the quarter, the company reported gross premiums written of AED 27,809,833 against AED 20,012,604 a year ago. Premium income earned was AED 22,617,498 against AED 11,971,911 a year ago. Net earned premiums were AED 17,904,367 against AED 8,565,048 a year ago. Net underwriting profit was AED 1,242,600 against AED 2,965,890 a year ago. Loss for the period was AED 2,777,858 or AED 0.0231 per share against net profit for the period of AED 906,447 or AED 0.0076 per share a year ago. The company has registered a net loss of AED 5.81 million for the half year ended 30 June 2015, compared to a net profit of AED 4.21 million registered in the corresponding period of the previous year. Gross premiums written (GPW) during the half year ended 30 June 2015 totaled AED 62.72 million, nearly 8% higher than the AED 58.09 million underwritten during the first half of the previous year. Net earned premiums during the first half of 2015 rose by nearly 31% to reach AED 40.71 million, compared to AED 31.11 million during the same period in the previous year. However, net underwriting profit for the half year ended 30 June 2015 was lower at AED 2.46 million compared to AED 3.61 million registered during the same period last year, due to higher claims under Medical & Motor Insurance Policies. Loss per share was AED 0.0484 against net earnings per share of AED 0.0351 a year ago. Net cash flows used in operating activities was AED 2,644,886 against AED 16,915,322 a year ago. Purchase of property and equipment was AED 822,824 against AED 13,917,944 a year ago.

Insurance House PSC Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2015

Insurance House PSC reported unaudited earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net loss of AED 3.03 million compared to the net profit of AED 3.31 million for the same quarter year ago. For the quarter, gross premiums written totaled AED 34.91 million compared to the AED 38.07 million for the same quarter year ago. For the quarter, net earned premiums were marginally higher at AED 22.81 million compared to the AED 22.55 million for the same quarter year ago. Net underwriting profit for the quarter was higher at AED 1.22 million compared to the AED 0.647 million for the same quarter year ago. Loss per ordinary share was AED 0.0256 compared to earnings per ordinary share of AED 0.0276 for the same quarter year ago. Net cash flows used in operating activities were AED 6,091,992 against net cash flows generated from operating activities AED 2,058,435 a year ago. Purchase of property and equipment was AED 139,780 against AED 181,930 a year ago.

 

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TEV/Sales 0.3x
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