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

insurance house (IH) Snapshot

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07/9/14 - 1.47
52 Week Low
02/11/15 - 0.81
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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 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.

Insurance House PSC, Board Meeting, Apr 21, 2015

Insurance House PSC, Board Meeting, Apr 21, 2015., at 15:30 Indian Standard Time.

Insurance House PSC Announces Unaudited Earnings Results for the Nine Months Ended September 30, 2014

Insurance House PSC announced unaudited earnings results for the nine months ended September 30, 2014. For the period, the company reported premium income earned of AED 67,464,722 compared to AED 67,733,986 a year ago. Net earned premiums were AED 54,770,381 compared to AED 51,466,730 a year ago. Net underwriting loss was AED 3,203,382 compared to net underwriting profit of AED 10,184,294 a year ago. Loss for the period was AED 7,160,375 or AED 0.0597 per ordinary share compared to profit for the period of AED 7,890,006 or AED 0.0658 per ordinary share a year ago. Net cash used in operating activities was AED 19,131,419 compared to AED 5,019,488 a year ago. Purchase of property and equipment was AED 570,534 compared to AED 755,602 a year ago.


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